Berry Petroleum (BRY -8.8%) could hit $35/share if its Linn Energy (LINE -14.1%) merger doesn't...


Berry Petroleum (BRY -8.8%) could hit $35/share if its Linn Energy (LINE -14.1%) merger doesn't go through, which could come about if the SEC makes its inquiry formal or if shareholders don't approve the deal, Sterne Agee's Tim Rezvan believes. In a best-case scenario, BRY could see ~15% more upside if its merger closes within the quarter, implying a takeover price of ~$48.71. LNCO -12.3%.

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Comments (4)
  • Tack
    , contributor
    Comments (16281) | Send Message
     
    What's the probability of avoiding every one or more of the following?

     

    1) BRY shareholders nix deal
    2) SEC nixes deal
    3) SEC requires Linn to issue restatements

     

    Is the risk of a further headline-driven downside implosion worth the potential upside?
    2 Jul 2013, 10:33 AM Reply Like
  • deercreekvols
    , contributor
    Comments (9517) | Send Message
     
    Tack,
    I determined that the downside is not worth the potential upside. Took a small loss this a.m. and exited out of Linn.

     

    Too many other opportunities to make money in my opinion.
    2 Jul 2013, 10:41 AM Reply Like
  • dmontone
    , contributor
    Comments (2) | Send Message
     
    this is panic selling the deal will go making linn a great stock to own
    2 Jul 2013, 01:02 PM Reply Like
  • Pablomike
    , contributor
    Comments (4481) | Send Message
     
    Get BBEP. Near 12% yield and without all the noise.
    2 Jul 2013, 07:31 PM Reply Like
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