LINN Energy Finalizes Strategic Alliance With Quantum Energy Partners
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July 7, 2015 10:09 AM EDT
UBS reiterates a Sell rating on LINN Energy (NASDAQ: LINE), and cut the price target to $7.75 (from $10.00) following announced asset sales. LINN announced that the sale of its remaining Wolfcamp Acreage, and closed strategic alliances with Quantum Energy Partners and GSO.
Analyst Shneur... More
July 7, 2015 9:55 AM EDT
UBS reiterates a Sell rating on Linn Co, LLC (NASDAQ: LNCO), and cut the price target to $8.00 (from $9.00) following announced asset sales. LINN announced that the sale of its remaining Wolfcamp Acreage, and closed strategic alliances with Quantum Energy Partners and GSO.
Analyst Shneur... More
July 6, 2015 7:03 AM EDT
LINN Energy, LLC (Nasdaq: LINE) ("LINN" or the "Company") and LinnCo, LLC (Nasdaq: LNCO) ("LinnCo") announced that LINN has signed definitive agreements with private capital investor Quantum Energy Partners ("Quantum") to fund selected future oil and natural gas acquisitions and the development of acquired assets ("QL Energy I, LLC" or "AcqCo").
Quantum has agreed to initially commit up to $1 billion of equity capital to fund acquisitions and development of oil and natural gas assets. LINN will have the ability to participate in all acquisition opportunities with a... More
