LINE Profile
Linn
Energy, LLC is no longer trading under the ticker symbol LINE. In
2017, Linn Energy, LLC filed for Chapter 11 bankruptcy and
subsequently underwent a significant restructuring process, which
included the cancellation of its common and preferred shares. As a
result, Linn Energy, LLC is no longer publicly traded, and its shares
have been delisted from all stock exchanges.
Linn Energy, LLC
was an independent oil and gas exploration and production company
headquartered in Houston, Texas. The company's operations were focused
on the development of unconventional oil and natural gas assets in the
United States, with a particular emphasis on shale plays such as the
Permian Basin and the Anadarko Basin.
Prior to its bankruptcy,
Linn Energy had a significant portfolio of oil and gas assets, with
proved reserves of approximately 1.6 billion barrels of oil
equivalent. The company's operations were structured as a master
limited partnership (MLP), which provided significant tax benefits to
investors.
However, Linn Energy, LLC faced significant
challenges in the face of falling oil and gas prices and mounting debt
levels. These challenges ultimately led the company to file for
bankruptcy in 2017.
Investors who may still hold shares of Linn
Energy, LLC should contact their brokerage or financial advisor for
further guidance on the status and valuation of their investments.
It's essential to conduct thorough research before investing in
any publicly-traded company and keep up with the latest news and
developments regarding the company's financial health and operations
to make informed investment
|
