Goldman Sachs Starts LINN Energy (LINE) at Neutral

November 21, 2012 7:09 AM EST Send to a Friend
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Price: $11.42 -2.14%

Rating Summary:
    11 Buy, 9 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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Goldman Sachs initiates coverage on LINN Energy (NASDAQ: LINE) with a Neutral. PT $47.00.

The firm comments, "While we are positive on Linn's flexible production program, highly hedged cash flows and low-risk asset base, we remain concerned about its natural gas liquid (NGL) exposure, high maintenance spending and reliance on the capital markets. We see long-term distribution growth of 3-5%, below the 5-6% we see for Energy MLPs."

For an analyst ratings summary and ratings history on LINN Energy click here. For more ratings news on LINN Energy click here.

Shares of LINN Energy closed at $38.87 yesterday.

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