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LINN Energy (LINE -0.4%) says it will fund $400M of Anadarko Petroleum’s future...

LINN Energy (LINE -0.4%) says it will fund $400M of Anadarko Petroleum’s future development costs in Wyoming's giant Salt Creek oil field in exchange for a 23% interest in the CO2-enhanced oil recovery project. Salt Creek averaged 10,800 bbl/day of oil in March, and LINE believes further development will double production by 2015.
Comments (3)
  • P. Dennis
    , contributor
    Comments (371) | Send Message
     
    Long LINN because of the exceptionally high quality of management's judgement and concern with well being of unitholders.
    18 May 2012, 12:55 PM Reply Like
  • Plaintalk
    , contributor
    Comments (119) | Send Message
     
    Long also, my largest holding. These guys got the feel in their industry. They are helping my poor APC out.
    18 May 2012, 01:34 PM Reply Like
  • muoio
    , contributor
    Comments (2957) | Send Message
     
    was long but oil price and current price trend got me out....went to T.
    18 May 2012, 03:33 PM Reply Like
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