Investing Daily Refreshes Outlook on Linn Energy (NSDQ: LINE) In Updated Investment Advisory Report

Linn Energy’s ability to deploy capital effectively and develop energy assets earns the company a refreshed strong buy recommendation in updated report from investment analyst Elliott Gue.

Online PR News – 15-May-2012 – Falls Church – Three free stock picks are being made available today on in an updated report from analyst Elliott Gue. The updated report includes refreshed buy recommendations on three growth stock picks including Linn Energy LLC (NSDQ: LINE)—an oil and gas producer that is taxed like a master limited partnership(MLP), meaning that the company pays no taxes at the business level.

"So far in 2012, Linn Energy has been an acquisitions machine, taking advantage of strong capital markets to raise $761 million by issuing new units, $1.8 billion by selling bonds maturing in 2019 and having its revolving credit facility upgraded to $2 billion from $1.5 billion," said report author Gue.

So far in 2012, Linn Energy has been an acquisitions machine

"I reiterated my buy recommendation on this MLP investment because it has put its capital to work, acquiring $1.2 billion of properties in Kansas from BP (LSE: BP, NYSE: BP), completing a $175 million acquisition of properties in East Texas and a $400 million joint venture with Anadarko Petroleum Corp (NYSE: APC) that focuses on enhanced oil recovery," he added.

All these transactions are expected to be immediately accretive to DCF. By the end of the year, the company expects to cover its current distributions 1.2 times. The firm also recently completed the first of three operated Hogshooter wells in the Granite Wash region of the Texas panhandle, reporting strong initial production of 2,453 barrels per day of oil, and 3 million cubic feet of natural gas that’s high in natural gas liquids. “Look for the company to grow its distribution at a roughly 10 percent annualized pace based on current operations and acquisitions,” concluded Gue.

In addition to profiling Linn Energy LLC, the updated report from Investing Daily includes refreshed buy recommendations on two other top growth stocks. The report also details Gue’s methodology for selecting growth stocks and provides individual investors with a quick strategy guide for investing in this asset class.

The full report can be accessed for free by visiting:

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