John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's...

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

John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's acquisition of Berry Petroleum (BRY). It's a swap of what Hempton believes is near-worthless stock for old, but valuable oil assets. Those assets can generate enough cash to keep what he believes is a Ponzi, rolling for many more years.