Seeking Alpha

Linn Energy (LINE) slightly raises its FY2012 EBITDA outlook to ~$1.365B, up from $1.35B, and...

Linn Energy (LINE) slightly raises its FY2012 EBITDA outlook to ~$1.365B, up from $1.35B, and updates full-year total production guidance to 660-685 MMcfe/day. During Q3, LINE drilled nine new horizontal Hogshooter wells with an average initial production rate of 1,983 bbl/day of oil, 534 bbl/day of NGLs and 3.4 MMcf/day of natural gas per well.
Comments (8)
  • One great company with an exceptionally talented management team, in my opinion.
    27 Sep 2012, 05:50 PM Reply Like
  • effect on div. +/- how much?
    27 Sep 2012, 06:07 PM Reply Like
  • Those are some incredible IP results.
    27 Sep 2012, 06:55 PM Reply Like
  • I am glad I own it.
    27 Sep 2012, 08:25 PM Reply Like
  • buy more on any dip below $40...
    28 Sep 2012, 07:11 AM Reply Like
  • Hogshooter - remember that name
    28 Sep 2012, 10:45 AM Reply Like
  • Chesapeake has been very successful in this play and expanding their drilling activity.
    28 Sep 2012, 11:44 AM Reply Like
  • This move over $40 (and now over $41) appears to have some strength to it. Now with this news, maybe the high $30s will become support and we some higher highs going into the winter.

     

    Just wish I'd bought more when I picked up some right under $35. We may not see that # again unless energy prices swoon.
    29 Sep 2012, 05:22 AM Reply Like
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