"We reiterate Sell," says Hedgeye's Kevin Kaiser, responding to the Goldman upgrade of Linn...

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

"We reiterate Sell," says Hedgeye's Kevin Kaiser, responding to the Goldman upgrade of Linn Energy (LINE) and LinnCo (LNCO). "Maintenance capex is understated by $150M per quarter - nearly 100% of distribution ... Derivatives accounting method generated 29% of DCF in Q1. Concerns are not overdone."