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

|About: Linn Energy, LLC (LINEQ)|By:, SA News Editor

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%.