$36.39
0.17 (+0.48%)
Linn Energy, LLC (NASDAQ:LINE)
CAPS Rating:
An independent oil and gas company focused on the development and acquisition of long-lived properties in the United States.
An independent oil and gas company focused on the development and acquisition of long-lived properties in the United States.
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Recs
For the short term yield should hold stocks value and even without acquisition based expansion LINE should see continued growth of production through re-drilling the fields it already owns. Beware situation may change after a couple of years when their mature fields production decays. If acquisition for expansion does not resume in a couple of years dividend will become unsustainable and stock will fall.