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Friday, October 12, 2007

Those of you wondering what is going on with Linn Energy (LINE) and the heavy volume need wonder no longer. Looks like additional shares are being issued as per the buyouts of a few months ago. Lots of shorting ahead of the issuance of shares is my best guess.

Also Teppco (TPP) boosts the distribution by 1 cent...who loves you baby! More of these coming in the next few weeks as ex-distribution dates approach.

1 comment:

Anonymous said...

Thanks for info on LINE. I think you are right. Once these extra shares get out the door, combined earnings are reported and the boost to 2.52 occurs the build back up to fair value $40 - $42 will happen.