Linn Reacts to Price Drop | Russell T. Rudy Energy LLC
“Rigzone” cites a Reuters report that Linn Energy LLC is following a trend among domestic operators and reducing its capital budget and dividend. The 2015 budget will be cut 53% down to $730 million and the dividend per share of its LinnCo unit decreased from $2.90 to $1.25 on an annual basis.
The capital program and dividends will be funded by internally generated cash flow.
To read the article in its entirety, please go to www.rigzone.com/news/oil_gas/a/136585/Linn_Energy_Cuts_2015_Capital_Budget_by_53_Percent?utm_source=DailyNewsletter&utm_medium=email&utm_term=2015-01-02&utm_content=&utm_campaign=Finance_1 .
January 6, 2015 | oil and gas royalties, Pricing
