Linn Energy - US MLP mit 10% Ausschüttung - 500 Beiträge pro Seite

[R-BgO]

April 29, 2010
LINN Energy Announces First Quarter 2010 Results

HOUSTON, Apr 29, 2010 (GlobeNewswire via COMTEX News Network) -- LINN Energy, LLC (Nasdaq:LINE) announced today operating and financial results for the three months ended March 31, 2010, and its outlook for the remainder of 2010.

The Company reported the following significant operational and financial achievements during the first quarter:

-- Average daily production of 213 MMcfe/d, compared to mid-point guidance
of 210 MMcfe/d;

-- Lease operating expenses of $1.63 per Mcfe, compared to mid-point
guidance of $1.96 per Mcfe;

-- Adjusted EBITDA of $152 million, compared to mid-point guidance of $138
million;

-- Adjusted net income of $0.36 per unit, compared to mid-point guidance of
$0.30 per unit; and

-- Distribution coverage ratio of 1.26x, compared to mid-point guidance of
1.06x.



The Company reported the following strategic acquisition and capital market achievements:

-- Announced entry into a new operating region through an acquisition of
properties in northern Michigan for a contract price of $330 million;

-- Announced a bolt-on acquisition in the Permian Basin for a contract
price of $305 million;

-- Completed a $431 million public equity offering in March 2010;

-- Completed a $1.3 billion senior notes offering in April 2010;

-- Closed its amended five-year $1.5 billion credit facility in April 2010
with an initial $1.375 billion borrowing base and maturity of April
2015;

-- Pro forma borrowing capacity, including available cash, of approximately
$985 million at quarter end; and

-- Enhanced its commodity hedge portfolio, with current expected oil, NGL
and natural gas production hedged approximately 90 percent on an
equivalent basis through 2013.



"We had an outstanding start to the year and again delivered strong operational and financial results that exceeded our performance targets. In the first quarter alone, we announced an acquisition that marks our entry into a new operating area in Michigan's Antrim Shale, and another that strengthens our foothold in the Permian Basin," said Mark E. Ellis, President and Chief Executive Officer. "We completed successful equity and senior notes offerings, extended the maturity of our credit facility, and recently announced our 17th consecutive quarterly distribution to our unitholders. Additionally, we enhanced our hedge portfolio, which provides more certainty to our cash flow and supports future distributions."

Mr. Ellis continued, "During the first quarter we also executed a successful capital program that included reaching total depth on our first operated horizontal well in the Granite Wash ahead of schedule and below our estimated costs. The Granite Wash area is one of the most economic conventional plays in the United States and will continue to be a significant component of our organic growth strategy."

Operational Overview

LINN increased its 2010 capital program to approximately $200 million to reflect additional capital expenditures associated with developing properties acquired by the Company in recent and pending acquisitions. Approximately half of the Company's capital program will be allocated primarily to oil-focused drilling, 26 percent will be allocated to drilling horizontal Granite Wash wells and 22 percent to workover, recompletion and optimization projects. The Company plans to drill more than 170 wells and complete more than 400 workover, recompletion and optimization projects during 2010.

In March 2010, LINN's first operated horizontal well in the Granite Wash area, the McMahon 22-2H, was drilled and cased within 36 days, which was ahead of schedule and below estimated costs. The Company will soon begin completion operations, including a ten-stage fracture stimulation process, and anticipates testing in late May 2010. The Company expects to increase its operated rig count to two during the third quarter 2010 to execute the balance of its 2010 Granite Wash drilling program, which includes seven operated and three non-operated wells.

LINN drilled 13 wells during the first quarter 2010. The Company currently has four operated rigs running: one in the Texas Panhandle Granite Wash horizontal play, one in the Permian Basin, one in Louisiana and one in the Tuttle field located in the Mid-Continent.

Financial Update

"We are pleased by the market's confidence in LINN's strategy. As a result, we were recently able to raise $1.7 billion in capital, positioning us to finance future growth opportunities that fit our strategy as they become available," said Kolja Rockov, LINN Energy's Executive Vice President and Chief Financial Officer. "To sustain future cash flow, we have hedged approximately 90 percent of our current pro forma production levels at attractive prices through 2013."

LINN accessed the capital markets through public equity and private senior notes offerings that provided combined net proceeds of approximately $1.7 billion. The Company completed a $431 million public equity offering in March 2010 and completed a $1.3 billion private senior notes offering in April 2010. These transactions position the Company with the financial flexibility to continue pursuing its strategy to grow through acquisitions.

LINN also entered into an amended five-year $1.5 billion senior secured credit facility with an initial borrowing base of $1.375 billion during the second quarter 2010. The credit facility covenants were substantially unchanged, and the maturity was extended from August 2012 to April 2015.

In addition, the Company recently increased its commodity hedge positions. At current expected future production levels, pro forma for the recently announced acquisitions and assuming the expected second quarter closing dates, the Company is approximately 90 percent hedged on an equivalent basis through 2013, and approximately 32 percent hedged for 2014 and 2015 (see Schedule 10).

Acquisitions Update

During the first quarter, the Company closed its previously announced acquisition of oil and natural gas properties in the Permian and Anadarko Basins. This acquisition added approximately 100 proved infill development and low-risk optimization projects, expected net production of 1,700 Boe/d (approximately 73 percent liquids) and proved reserves of more than 12 MMBoe (approximately 80 percent liquids and 80 percent proved developed), with a 6 percent decline rate and a reserve life of approximately 20 years.

On March 29, 2010, the Company announced a bolt-on acquisition of oil and natural gas properties in the Permian Basin for a contract price of $305 million, subject to closing conditions. This acquisition includes approximately 120 proved low-risk infill drilling and optimization opportunities and expected net production of approximately 2,800 Boe/d (more than 75 percent oil), as well as proved reserves of approximately 18 MMBoe (approximately 71 percent oil), with a reserve life of approximately 17 years. The Company anticipates that this acquisition will close May 27, 2010, and will double reserves and production in the Permian Basin. In less than six months, this core operating region was established through three acquisitions.

On March 22, 2010, the Company announced an acquisition of natural gas properties in the Antrim Shale of northern Michigan for a contract price of $330 million, subject to closing conditions. In addition to approximately 300 proved low-risk drilling and optimization opportunities, this acquisition is expected to add approximately 30 MMcfe/d net production and proved reserves of more than 266 Bcfe (85 percent proved developed), with a 6 percent decline rate and a reserve life of approximately 24 years. The Company anticipates that this acquisition will close April 30, 2010, and expects to continue developing this area into a new core operating region.

[R-BgO]

LINN Energy Provides Operational Update

Tuesday, September 07, 2010

LINN Energy, LLC announces results from its third and fourth operated horizontal Granite Wash wells in the Greater Stiles Ranch area of the Texas Panhandle.
The Stein 1-3H well tested at a 24-hour production rate of 37.2 MMcfe/d, including estimated NGL recoveries and shrinkage associated with processing the natural gas. The production is comprised of 19.0 MMcf/d of natural gas and 1,487 Bbls/d of condensate at 1,510 psi flowing surface pressure. The natural gas production has a heating value of 1,287 Btu/cf, and when processed, should yield approximately 2,340 Bbls/d of natural gas liquids. The Company owns an approximate 60 percent working interest in the Stein 1-3H well.

The Thomas 5-8H well tested at a 24-hour production rate of 26.2 MMcfe/d, including estimated NGL recoveries and shrinkage associated with processing the natural gas. The production is comprised of 16.3 MMcf/d of natural gas and 640 Bbls/d of condensate at 1,350 psi flowing surface pressure. The natural gas production has a heating value of 1,234 Btu/cf, and when processed, should yield approximately 1,600 Bbls/d of natural gas liquids. The Company owns an approximate 60 percent working interest in the Thomas 5-8H well.

"We are extremely pleased with the results from our operated Granite Wash program, which has continued to exceed our expectations. The Black 50-1H well has been on production for 56 days and is currently producing at a rate of more than 40 MMcfe/d. The McMahan 22-2H well has been on production for 110 days and is currently producing at an approximate rate of 8 MMcfe/d. The average liquids component of the production stream on our four operated wells is more than 60 percent, of which a significant portion is condensate. As a result, all of these wells will generate rates of return that should exceed 100 percent," said Mark E. Ellis, President and Chief Executive Officer of LINN Energy.

"Our capital program calls for 22 Granite Wash wells this year and significantly more next year as we increase our operated rig count to four in 2011. LINN is currently drilling two operated wells. The Granite Wash drilling program is a significant component of our organic growth strategy, which we believe will provide meaningful growth in our cash flow over the course of the next several years."

[R-BgO]

Oct 25 (Reuters) - Linn Energy:

* Announces 5% increase in cash distribution

* Says cash distribution for the third fiscal quarter of 2010 of $0.66 per unit

* Says distribution represents an increase of approximately five percent over

the second quarter distribution

[R-BgO]

LINN Energy provides 2011 capital program


Published Feb 25, 2011

LINN Energy estimates that it will grow production more than 30 percent in 2011. The Company plans to achieve this growth through a 2011 oil and gas capital program of $480 million, which includes two distinct components. The first component will focus on drilling high rate-of-return, liquids-focused wells in the Granite Wash and Permian Basin Wolfberry trend.

The second component will focus on low-cost optimization, workover, recompletion and facilities projects across all operational areas. LINN plans to allocate approximately 50 percent of the capital program to Granite Wash, 35 percent to Permian Wolfberry and 15 percent to developing the rest of its assets.

The Company plans to complete more than 380 of these low-cost projects and drill more than 220 wells during 2011. Severe winter weather conditions in Oklahoma and Texas during first quarter 2011 led to disruptions to the Company's production and operations.

However, the disruptions did not impact the productive capacity of LINN's existing wells. The Company's current production capacity is 330 MMcfe/d and the average production rate for full year 2011 is estimated to be approximately 345 MMcfe/d.

[DJHLS]

für das Q3 2011 berichtet Linn einen Verlust von 732 Mio. USD für "unrealizied losses on commodity derivatives" und weitere 26 Mio. USD für "realizied losses on cancelled derivatives".

Das macht aus einem Gwinn pro aktie von 4,74 USD einen Gewinn von nur noch 0,44 USD.

Was ist der Sinn dieser Derivate? Und vor allem, was soll der Anleger draus für einen Schluß ziehen? Der Ölpreis ist im Q3 ca. 20% gefallen. Bedeutet das bei einem steigenden Ölpreis, dass die unrealized losses sich auch wieder in "gains" drehen könnten?

[R-BgO]

http://beta.fool.com/lekitkat/2012/04/11/linn-energy-hedges-…

[R-BgO]

Antwort auf Beitrag Nr.: 42.337.287 von DJHLS am 11.11.11 14:23:17

das hier könnte der Grund sein: http://brontecapital.blogspot.de/2013/02/linn-energys-queen-…

fühle mich schon lange unwohl mit dem unersättlichen Kapitalbedarf der MLP's; muss wohl doch mal ran und ausdünnen...

[R-BgO]

Antwort auf Beitrag Nr.: 44.164.311 von R-BgO am 20.02.13 16:25:40

http://brontecapital.blogspot.de/2013/02/linn-energy-that-di…

[MrNutz]

Jetzt könnten es Einstigeskurse sein, was denkt Ihr ???
ÖLpreise auf dem 4-Jahrestief !!!!
Die Dividende ist ja wirklich nicht zu verachten !!!!!!!

[R-BgO]

sehe gerade erst, dass sie seit Mitte des letzten Jahres monatlich zahlen...

von den Zahlen her würde ich aber die Finger von dem Wert lassen

[R-BgO]

ich glaube, ein neues Wort für pre-bankruptcy wäre angezeigt,

wie wäre es mit "Kirklandisation"?:

http://seekingalpha.com/article/3870486-linn-energy-go?li_so…

[Earthfire]

Antwort auf Beitrag Nr.: 51.690.328 von R-BgO am 08.02.16 20:35:54

bin seid 0,41$ hier dabei......

Totgesagte leben länger......

Wenn WTI wieder bis 50-60$ steigen sollte....wovon ich stark ausgehe

Wir der Kurs von LINE...wieder im Bereich von min. 10$ notieren....und nach oben offen

[printguru]

Antwort auf Beitrag Nr.: 51.918.651 von Earthfire am 07.03.16 10:29:11

Hallo Earthfire alter Mitstreiter


ist ja wieder gut zurückgekommen die Gute bist du noch dabei?
Verkaufsdruck ist enorm..

was hälst du von Sun Edison??würde mich interessieren.


LG Printi

[jemand]

Was hat es eigentlich mit LINN auf sich ?
Die gehn ja fast täglich mal 15-30% hoch um am Ende auf Null oder ins Minus zurück zu fallen. Was läuft da?

[Edison09]

Antwort auf Beitrag Nr.: 52.124.580 von jemand am 05.04.16 22:11:48

Heute kommt der große rebound bis morgen sehen wir die 0,60$ vorausgesetzt Öl zieht weiter mit

[Javanotti]

Warum steigt die Aktie heute so stark ? Reine Spekulation oder gibt es Nachrichten ?
Gibt es eigentlich noch eine Dividende ?

[Edison09]

Antwort auf Beitrag Nr.: 52.173.142 von Javanotti am 12.04.16 20:25:16

Ein Blick auf den Ölpreis bringt Erleuchtung

Ist ja nicht nur Linn was steigt
Die anderen Öl Aktien alle heute zwischen 25-50% im Plus Linn hat aber die beste Performance
Bin heute zu 0,37 rein und und wieder zu 0,48 raus falls morgen Öl wieder kräftig steigt können wir uns auf die gleiche Rallye freuen

[Javanotti]

Antwort auf Beitrag Nr.: 52.173.817 von Edison09 am 12.04.16 22:15:04

Umtausch ???

Sollte man den "freiwilligen Umtausch " in LinCo LLC annehmen ? Gestern habe ich das Umtauschangebot über meinen Broker zugestellt bekommen.
Was meint ihr ? Was steckt dahinter ?

[Edison09]

Antwort auf Beitrag Nr.: 52.173.967 von Javanotti am 12.04.16 22:38:18

Keine Ahnung ich weis nicht worum es geht.
Ich bin Day Trader.

[Circle_Jerk]

Antwort auf Beitrag Nr.: 52.173.967 von Javanotti am 12.04.16 22:38:18

Zitat von Javanotti: Sollte man den "freiwilligen Umtausch " in LinCo LLC annehmen ? Gestern habe ich das Umtauschangebot über meinen Broker zugestellt bekommen.
Was meint ihr ? Was steckt dahinter ?

Das ist eine Vorbereitung auf das kommende Chapter 11-Verfahren, guckst Du hier:

http://seekingalpha.com/article/3960386-linn-energy-linnco-e…

Du musst nichts machen, Deine Aktien werden wertlos enden - Umtausch hin oder her.

[jemand]

Antwort auf Beitrag Nr.: 52.201.024 von Circle_Jerk am 15.04.16 21:33:11

Sei doch nicht immer gleich so direkt...

[R-BgO]

LINN schüttet zwar nix (mehr) aus, aber

der Vollständigkeit halber:


So ein Scheiß!

Der deutsche Fiskus läuft wieder mal Amok.

Habe anläßlich umfangreicher Nachbuchungen von comdirect erfahren, dass Monsieur le Schäuble per Schreiben vom 18.1.2016 folgendes erließ:

"Einkommensteuerrechtliche Behandlung der Erträge aus einer Limited Liability Company (LLC), Limited Partnership (LP) oder einer Master Limited Partnership (MLP)

Bestimmte Gesellschaften - beispielsweise in der Rechtsform einer LLC, LP oder einer MLP -, deren Anteile als depotfähige Wertpapiere an einer Börse gehandelt werden, können nach ausländischem Steuerrecht ein Wahlrecht zur Besteuerung als Kapital- oder Personenge- sellschaft haben. Erträge aus solchen Gesellschaften sind für das Steuerabzugsverfahren auch dann als Dividendenerträge i. S. des § 20 Absatz 1 Nummer 1 EStG zu behandeln, wenn nach ausländischem Steuerrecht zur Besteuerung als Personengesellschaft optiert wurde.

Die Anrechnung der ausländischen Quellensteuer findet allein im Veranlagungsverfahren statt. Hinsichtlich der steuerlichen Einordnung beispielsweise einer LLC, LP oder einer MLP als Personengesellschaft oder Kapitalgesellschaft gelten die Grundsätze des BMF-Schreibens vom 19. März 2004 (BStBl I S. 411) unter Berücksichtigung der Ausführungen in Textzif- fer 1.2 des BMF-Schreibens vom 26. September 2014 (BStBl I S. 1258)."


Ergebnis:
Von 100% Distribution lassen die Amis eh' schon nur 60,4% durch und davon tun sich unsere nochmal 26,375% weg. Es bleiben also 34%, die Steuerlast beträgt 76%!.

Von der Anrechnung im Veranlagungsverfahren erwarte ich mir wenig, da in den referenzierten älteren Schreiben ziemlich klar wird, dass die börsennotierten MLP nach deutschem Recht als Körperschaften einzustufen und deswegen keine US-Steuern anzurechnen sind.


Habe inzwischen alles verkauft oder ein Erinnerungsstück behalten bei:

Hi-Crush, Emerge Energy Services, Enbridge Energy Partners, Williams Partners, Energy Transfer Partners (Komplettverkauf)

Northern Tier Energy, Amerigas, Energy Transfer Equity, CONE Midstream, CNX Resources, Enterprise Products, Legacy Reserves, CSI Compressco, USA Compression, Archrock Partners, Buckeye Partners, Blueknight Partners, Boardwalk Pipeline, Alliance Resource Partners, Alliance Holdings, EV Energy Partners, Cheniere Energy Partners, Linn Energy (Erinnerungsstück(e))

Scheinbar ausgenommen vom Problem ist nur Enbridge Energy Management, weil dort nicht die US-Steuer vorabgezogen wird.


Wenigstens sollten die Verluste nun anrechenbar sein...


Werde trotz meiner Skepsis natürlich versuchen, im Anrechnungsverfahren was zu erreichen.

Wie schon gesagt: So ein Scheiß!

[R-BgO]

"Sie haben Ihr Ziel erreicht":

LINN, LinnCo and Berry to Voluntarily File for Chapter 11 to Implement Debt Restructuring

Operations to Continue in the Ordinary Course

HOUSTON, May 11, 2016 (GLOBE NEWSWIRE) -- LINN Energy, LLC (NASDAQ:LINE) ("LINN"), LinnCo, LLC (NASDAQ:LNCO) ("LinnCo"), and Berry Petroleum Company, LLC ("Berry," and with LINN and LinnCo, the "Company") announced today that the Company has entered into a Restructuring Support Agreement with holders of at least 66.67% by aggregate outstanding principal amounts of LINN's Amended and Restated Credit Agreement, dated as of April 24, 2013, as amended, and Berry's Second Amended and Restated Credit Agreement, dated as of November 15, 2010, as amended (collectively, the "Credit Facilities").

In order to implement the terms of the Restructuring Support Agreement, the Company today filed voluntary petitions for restructuring under Chapter 11 of the Bankruptcy Code ("Chapter 11") in the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court").

The Company expects its operations across its asset base to continue in the ordinary course throughout the Chapter 11 process.

Mark E. Ellis, Chairman, President and Chief Executive Officer, said, "We believe the Restructuring Support Agreement reflects the confidence of our first lien lenders in the quality of our assets and represents an important step forward for the Company. After our review of the available options, with the assistance of our financial and legal advisors, we determined that this court supervised financial restructuring process is the best course of action for the Company and our stakeholders. Like many others in our industry, LINN has been impacted by continued low commodity prices. We believe that these steps will provide us the financial flexibility to successfully manage in the current commodity price environment and, when combined with constructive agreements with our remaining creditors and potential third party financing, will provide a platform for future growth."

Mr. Ellis continued, "Importantly, we expect to continue normal operations across our diverse and high-quality asset base. The hard work and dedication of our employees has enabled us to achieve strong operational results, and we are truly grateful for their commitment to safety and to driving the Company's success. Together, we look forward to working cooperatively with our vendors, suppliers and partners as we move through this process."

Under the Restructuring Support Agreement, the parties agreed to support a plan of reorganization for the Company that would include: (1) a new LINN $2.2 billion reserve-based and term loan credit facility on the terms set forth in the Restructuring Support Agreement, (2) the consensual use of LINN and Berry's cash collateral to fund the Chapter 11 Cases under negotiated terms and conditions, and (3) the broad terms of a comprehensive restructuring of the Company's indebtedness. The Restructuring Support Agreement will be filed as an exhibit to a Current Report on Form 8-K with the Securities and Exchange Commission on May 11, 2016.

The Company anticipates that the cash available to it during its Chapter 11 Cases will likely provide sufficient liquidity to support the business during the financial restructuring process. As such, the Company does not currently intend to seek debtor-in-possession (DIP) financing.

LINN has filed various customary motions with the Bankruptcy Court in support of its financial restructuring. The Company intends to continue to pay employee wages and provide healthcare and other defined benefits without interruption in the ordinary course of business and to pay suppliers and vendors in full under normal terms for goods and services provided on or after the Chapter 11 filing date.


Over-and-out

[Ludmilla59]

Antwort auf Beitrag Nr.: 52.391.229 von R-BgO am 12.05.16 11:28:23

A2DMW0 Linn Energy

Hallo Miteinander,

weis jemand wann die Neue Linn Ihre Dividende zahlt und wie hoch ?

Danke

[R-BgO]

widening the gap