Shares of Linn Energy LLC (NASDAQ: LINE) rallied about 12% by mid-day trade. Bank of America Merrill Lynch upgraded the oil and gas firm’s rating to “buy” from “neutral”, citing company’s attractive valuation and said that cash flows are sustainable.
Continue reading Major Movers on July 8; LINE, TRQ, SNTS, UNH, FB
Shares of Linn Energy LLC (NASDAQ: LINE) slumped about 7.70% in early trade. The oil and energy company late last evening said that the Securities and Exchange Commission (SEC) was conducting an “informal” inquiry both its acquisition deal with Berry Petroleum, which it agreed to acquire in February and accounting.
Continue reading Major Movers on July 3; LINE, AA, AN, RHI, FTNT
Shares of Berry Petroleum Company (NYSE: BRY), an independent energy company engaged in production, development, exploitation and acquisition of oil and natural gas, are seeing a huge rally in trading today after the company agreed to be acquired by Linn Energy LLC (NASDAQ: LINE) in all stock transaction valued at $4.3 billion.
Continue reading Major Movers on February 21; BRY, LINE, AWAY, PAY, PEGA