In a recent report Bank of America Merrill Lynch (BAML) noted that review of the financial outlook for Linn Energy LLC (NASDAQ:LINE) leads them to conclude the outlook and sustainability of Linn Energy LLC (NASDAQ:LINE)’s cash distributions should not carry a materially higher risk, implied by the recent collapse in the unit price. On a forward basis, BAML believse distributable cash flow will continue to cover distributions and on this basis they believe the recent sell off is overdone. A material offset is the announced informal inquiry by the SEC and uncertain impact on the outcome and timeline of the…
Linn Energy Upgraded To 'Buy' By Bank of America
HFA Staff
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