Current LINE Stock Info

Linn Energy files bankruptcy with $9.4 billion in debt on the balance sheet
The total dollar amount of oil and gas bankruptcies grow substantially this week when Linn Energy (Ticker: LINE) announced that it has filed for Chapter 11 on May 11, 2016. The company said previously that current commodity prices, mixed with its weak balance sheet could potentially make bankruptcy “unavoidable,” according to Linn Energy’s CEO Mark Ellis.

Linn went from a $261 million IPO in January 2006, to a top-20 publicly traded E&P, mainly through a number ...

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