11.4% Distribution Linn Energy Completed Its Needed 1031 Exchange Trades To Match The Devon Buy
- LINE announced the purchase of about 896,000 net acres of Devon Energy properties at the end of Q2 2014.
- On October 3, 2014 LINE announced two sales that together will form the "tax free" 1031 exchange for the Devon Energy purchase.
- LINE appears to have come out far ahead on this assets swap. The article reviews the details of the gains.
- LINE has lost revenues due to the recent oil price declines; but its savings on CapEx due to its recent "trades" should allow CapEx savings to offset oil revenues declines.