Linn Energy LLC
Latest Linn Energy LLC News and Updates
Why a dip in natural gas liquids prices affects energy names
NGLs prices remain uptrend despite the falling last week, which is positive to producers.
Higher natural gas liquids prices help wet gas producers like LINE
NGL prices traded higher last week, helping wet gas producers. NGL prices are an important indicator to track in the energy space.
Behind Chesapeake Energy’s Stock Reaction after Debt Swap Announcement
After its debt swap announcement, CHK’s stock initially spiked to $4.63 on May 12, 2016, but closed at $4.17, down 4.3% compared to the previous close.
Natural gas liquids prices rise, boosted by propane prices
The representative NGL barrel reached highs of up to ~$50 per barrel in early February, given the strength in propane prices due to a cold winter as well as natural gas prices that pushed ethane prices up.
Higher natural gas liquids prices: Key causes and beneficiaries
This week saw NGL prices trade up by 5%, a positive short-term indicator. Plus, note that NGL prices are up significantly since late June, a positive medium-term indicator.
What higher natural gas liquids prices mean for the energy sector
Natural gas liquid prices recovered somewhat last week, likely off the back of higher crude oil prices.
Linn Energy’s Losing Streak Continued on Friday, July 31
Linn Energy’s (LINE) bloodbath continued on Friday with a single day loss of 15.13% as crude oil continued to fall due to excess supply concerns.
Key investment metrics: A financial analysis of LINN Energy
LINE’s EBITDA shows that it has been struggling with its earnings power lately. It has struggled despite a steady rise in its oil and gas production. LINE’s debt exploded from just over $3 billion in 3Q11 to over $9.5 billion in 2Q14.
Why National Fuel Gas is investing in pipeline expansions
As we discussed previously in this series, National Fuel Gas (NFG) noted in its latest fiscal 3Q14 results that its earnings growth was driven by higher earnings in its Midstream and Upstream businesses.
Natural gas liquids prices fall, hurting wet gas producers
Natural gas liquids prices fell on the week but remain up significantly since lows in June.
Legacy Reserves: Top Upstream MLP Loser on September 22
The top upstream MLP losers include Legacy Reserves (LGCY), Linn Energy (LINE), Mid-Con Energy Partners (MCEP), and BreitBurn Energy Partners (BBEP).
Analyst Recommendations: Vanguard Natural Resources the Favorite
The two most recent recommendations are by UBS and Scotia Howard Weil, and they rate LINE “sell” and “sector perform,” with target prices of $2 and $5, respectively.
Low natural gas liquids prices cut into wet gas producer revenues
Natural gas liquids traded down on the week, though they remain up significantly since mid-2013 lows.
Linn Energy: Top Upstream MLP Loser on Tuesday, August 11
Upstream companies’ earnings are significantly tied to crude oil and natural gas prices. UNG tracks daily movements in natural gas futures. It rose 0.44% yesterday.
Alerian MLP ETF Falls on Negative Investor Sentiments
The Alerian MLP ETF, which comprises 23 midstream energy MLPs, fell 2.4% on October 22, 2015, along with the entire midstream sector.
Eagle Rock Energy Partners: Top Upstream MLP Loser on August 19
Top upstream MLP losers include Eagle Rock Energy Partners (EROC), Vanguard Natural Resources (VNR), LRR Energy (LRE), and Linn Energy (LINE).
Why natural gas liquids prices have trended up for 7 months
This week saw NGL prices trade up, a positive short-term indicator. Plus, note that NGL prices are up significantly since late June—a positive medium-term indicator.
Natural gas liquids prices dipped last week but are up medium-term
NGL prices traded down by 4% on the week, as most of the composition experienced a drop in price. However, the representative NGL barrel remains up over 50% since lows in June.
Why the triple top and triple bottom patterns are important
The triple top pattern is formed in the uptrend. In this pattern, three consecutive peaks are formed. The peaks have roughly the same price level.
Wet gas producers benefit from higher natural gas liquids prices
Natural gas liquids prices increased last week and remain up considerably since mid-year, helping companies with significant wet gas production.
The important effects of higher liquefied petroleum gas exports
The influx of supply of natural gas liquids had caused ethane and propane prices in particular to collapse in late 2012 and early 2013.
Technical analysis—the rectangle, flag, and pennant patterns
In the rectangle pattern, it’s advisable to buy stock at support and sell at resistance. This pattern is formed in the uptrend and downtrend.
What are reversal patterns in technical analysis?
The head and shoulder pattern is the most common reversal pattern. It forms at the trend’s peak. The pattern has three peaks—left shoulder, head, and right shoulder.
Why technical analysis uses price patterns
Price patterns are trends that occur in stock charts. The charts are used in technical analysis. The pattern forms recognizable shapes. Price patterns are used to forecast the prices.
NGL prices ended roughly flat at $36.20/barrel in a neutral indicator for wet gas producers
Natural gas liquids prices have remained rangebound, which is a neutral for producers of NGLs.
NGL prices ended down slightly at $35.64/barrel, negatively affecting wet gas producers
The price on a representative mix of natural gas liquids declined slightly last week, resulting in a negative indicator for wet gas producers.
Why higher oil prices support better natural gas liquids fundamentals
Higher crude oil prices supported NGL prices last week, positively affecting wet gas producers.
Which companies are hurt most when NGL prices take a dip?
Natural gas liquids took a leg lower, and are down significantly from the beginning of the year.
Slightly higher NGL prices benefit wet gas producers such as Linn Energy
Natural gas liquids prices edged higher last week, in a positive for wet gas producers such as Linn Energy.
Natural gas liquids prices remained roughly flat on the week
Natural gas liquids prices traded roughly flattish on the week in a neutral indicator for upstream energy companies.
Why Did Linn Energy File for Bankruptcy Protection?
Linn Energy (LINE) and LinnCo LLC (LNCO) filed for protection under Chapter 11 of the Bankruptcy Code on Wednesday, May 11.
Why a 0.3% Rise in Crude Oil Inventories Impacted MLPs
According to data released on March 16, 2016, US crude oil inventories rose 0.3% in the week ending March 11, 2016.
An Overview of LINN Energy: The Biggest Upstream MLP Loser
During 1Q15, Linn Energy recorded noncash impairment charges of ~$533 million associated with proved oil and natural gas properties.
Weakness Persists in Marathon Oil’s Geographical Operations
In 1Q15, Marathon Oil’s North American exploration and production sales volume increased 33%, compared with an 8% volume decline in its international operations.
Marathon Oil’s Expected 2Q15 Earnings May Disappoint
Marathon Oil’s 2Q15 adjusted loss per share is expected to be $0.32, a mild improvement over the $0.37 adjusted loss per share in 1Q15.
Analyzing EOG Resources’ Operating Level Profitability
In 1Q15, EOG Resources’ adjusted EBITDAX fell 58% to $747.7 million from $1.79 billion a quarter ago. Compared to the figure last year, the fall amounted to 68%.
US Natural Gas Rig Count Drops by 3 Last Week
The decline in the natural gas rig count slowed down in the past four weeks. Four rigs went offline in the preceding four weeks, and 43 went offline in the four weeks before that.
Encana’s 1Q15 Production Falls despite Liquids Production Surge
Encana’s (ECA) 1Q15 production decreased compared to production in the same quarter last year. Its overall crude oil equivalent production volume decreased by 20%, down to 430.1 Mboebpd.
Encana in 1Q15: Adjusted Earnings Exceed Estimates
In 1Q15, adjusted revenues exceeded estimates by ~6%. On average, adjusted revenues have almost matched consensus estimates in the past 13 quarters.
Continental Resources’ 1Q15 Earnings Exceeded Estimates
Between 1Q12–1Q15, Continental Resources’ adjusted revenues increased 13%. From 1Q14–1Q15, the company’s adjusted revenues decreased 37%.
Oil and Gas Rig Count Down 52% in 12 Months
The oil and gas rig count signals how confident producers are about drilling for oil and gas. Falling rig counts indicate a decline in upstream activity.
EOG Resources’ Plans for 2015
EOG estimates its realized crude oil price to remain below the West Texas Intermediate price and its natural gas price to remain below the Henry Hub price in 2015.
Oil and Gas Rig Count Drops and Takes Total US Count Down
In the last 12 months to May 1, the total US crude oil and natural gas rig count dropped by 949, or 51%. The number of active oil rigs decreased by 848, or 56%.
EOG Share Price Decreased after 1Q15 Earnings
In 1Q15, EOG’s adjusted earnings exceeded estimates by 233%. On average, adjusted EPS exceeded consensus EPS by ~13% in the past 13 quarters.
Why the rise in US crude oil production remains unabated
From January 2009 to September 2014, US crude oil production increased 67%, and crude oil production in the seven major shale plays increased 258%.
Natural gas liquids traded higher on ethane and propane prices
This week saw NGL prices trade higher—a positive short-term indicator. Besides, despite falling from highs reached in February, NGL prices remain up significantly since late June 2013.