Linn Energy Undergoing SEC 'Informal Inquiry'

Linn Energy LLC (NASDAQ:LINE), along with its former unit LinnCo LLC (NASDAQ:LNCO)), disclosed that both companies are the subject of an informal U.S. Securities and Exchange Commission inquiry, related in part to LinnCo’s proposed merger with Berry Petroleum Company (NYSE:BRY). Linn Energy and LinnCo Cooperating Fully With the SEC Linn Energy LLC (NASDAQ:LINE) / LinnCo LLC (NASDAQ:LNCO) announced that the SEC had launched an informal inquiry into its business. The issues being examined  include the  proposed  merger  with  Berry Petroleum Company (NYSE:BRY), certain  non-GAAP  financial  performance  metrics,  and the company’s  hedging policy. In RBC Capital’s opinion, there are two key take-aways worth…