$24.06
-0.24 (-0.99%)
Linn Energy, LLC (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.
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.