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Gold/Mining/Energy : Linn Energy - A Stock Offering Safe Dividends AND Speculativ

LINE 39.40

+1.0%

Oct 31 9:30 AM EDT

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From: Fuzzy	2/19/2015 10:24:44 AM
	of 3

7:00 am Linn Energy misses by $0.52, misses on revs ( LINE) : Reports Q4 (Dec) loss of $0.47 per share, $0.52 worse than the Capital IQ Consensus Estimate of $0.05; revenues rose 30.9% year/year to $766 mln vs the $955.95 mln consensus. Increased average daily production 53 percent to 1,358 MMcfe/d for the fourth quarter 2014, compared to 889 MMcfe/d for the fourth quarter 2014. LINE has further revised its 2015 oil and natural gas capital budget to approximately $520 million, which is approximately 29% lower than the previously announced level of $730 million and approximately 65% lower than the amount spent in 2014. After a significant reduction in capital expenditures, LINE expects only a modest decline in production during the year as a result of the stable character of its asset base. Sees 2015 average annual production of 1,090 -- 1,200 MMcfe/d Oil production hedged approximately 70 percent Annualized distribution of $1.25 per unit

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