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LINE Stock - Linn Energy, LLC


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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



 

 
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