At current production levels (average production of 227.4 MMcfe/day), Linn Energy (LINE-$15.75) has derivative contracts in place covering a 100% of forecasted production volumes through 2011. For 2009, the Company’s natural gas production is hedged at a weighted average price of $8.32 per Mcf and oil and NGL production at $102.21 per barrel. For 2010, the Company’s natural gas production is hedged at a weighted average price of $8.05 per Mcf and oil and NGL production at $99.68 per barrel.
Despite a sound business strategy, there is a risk involved with Linn Energy. The Company is structured as a limited partnership, paying out quarterly distributions to unit holders. For the nine-months ended September 30, share-net from continuing operations was a loss of 55 cents…. Read More….
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.
Despite a sound business strategy, there is a risk involved with Linn Energy. The Company is structured as a limited partnership, paying out quarterly distributions to unit holders. For the nine-months ended September 30, share-net from continuing operations was a loss of 55 cents…. Read More….
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.
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