Home › Linn Energy's Distribution Cut Hurts, But Its New 11% Yield Is Nothing To Whine About
 

Keywords :   


Linn Energy's Distribution Cut Hurts, But Its New 11% Yield Is Nothing To Whine About

2015-01-03 17:34:34| Energy - Topix.net

Just when investors bounced back from their New Year's hangover, Linn Energy made probably the biggest announcement in years: The E&P company is going to cut its capital budget and its distributions to shareholders in 2015 as falling crude oil prices claim their next, but probably not last, victim in the sector. Retreating crude oil prices are also largely to blame for the decline in Linn Energy's valuation, which fell more than 63% in the last year.

Tags: to about nothing distribution

Category:Energy and Environment

Latest from this category

All news
04.11WM Receives Approval from Canada for Stericycle Acquisition
04.11Western Australian State Government Awards Grant to Livium for EV Battery Recycling Plant
04.11ABCRC Selects Diversys to Digitize Albertas Beverage Container Recovery and Recycling Program
04.11Pennsylvania American Water Acquires Sadsbury Township Wastewater Collection System
04.11Santa Barbara County Co-Locates Dirty MRF, Anaerobic Digester, and Compost
04.11Waste World Episode 4: Using Social Media to Educate Audiences About Waste and Recycling
01.11Heritage Environmental Services Secures Commercial Permit Status for Orange, TX Incinerator
01.11Gimme Seaweed Partners with rePurpose Global to Combat Plastic Pollution
Energy and Environment »
05.11Vodafone-Three merger could get green light, watchdog says
05.11Altice USA residential video RGUs down 77,000 in 3Q 2024
05.11Shoppers warned over luxury advent calendar scams
05.11Durable Floor Coating from HMG Paints Transforms FC United\'s SMRE Bar
05.11Teknos Poland Honored by Farby i Lakiery
05.11Xumo teams up with Target to offer Hisense Xumo TVs
05.11KT launches 8K AI-powered IPTV set-top box
05.11Tropical Storm Rafael Graphics
More »