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…
Linn Energy Undergoing SEC ‘Informal Inquiry’
HFA Staff
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