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More on Linn Energy (LINE) Q2: net profit slips ever so slightly to $237.09M. Production +76% to...

More on Linn Energy (LINE) Q2: net profit slips ever so slightly to $237.09M. Production +76% to 630M cubic feet/day. Says weak NGL prices will hurt FY earnings, although this should be offset by recent acquisitions and a shift to oil drilling. Forecasts the mid-point of FY adjusted EBITDA at $1.35B, and a distribution coverage ratio of ~1.10X for H2.
Comments (2)
  • Destin
    , contributor
    Comments (472) | Send Message
     
    I thought they were 100% hedged on current year production?
    26 Jul 2012, 09:51 AM Reply Like
  • P. Dennis
    , contributor
    Comments (373) | Send Message
     
    Destin, I THINK they're 100% hedged on oil and natural gas, but NOT on natural gas liquids. IMHO.
    26 Jul 2012, 12:26 PM Reply Like
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