TDH Update: 07-30-15 LinnCo | Investors Alley

TDH Update: 07-30-15 LinnCo

LinnCo – Don’t Panic Sell — Yet

Linn Energy LLC (NASDAQ:LINE) and its subsidiary LinnCo (NASDAQ:LNCO) has suspended distribution payments after the third quarter. While this is bad news for the LNCO recommended holding, I advise against panic selling until the full story comes out.
From the initial earnings press release, Linn had a good second quarter, generating distributable cash flow of 1.6 times the distributions paid. There is more to the story here than just a failing MLP.

I am now logging into the analyst conference call and will include a full report in the monthly newsletter to be published this weekend.

Recommendation: Hold LNCO until further news is available.
Position: Long LNCO

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