Past year: ▼ 75%(5.50c – 41.9c USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 July 2014material agreement▲ GoodMajor
Agreed to acquire a large multi-basin package (Rockies, Mid-Continent, east Texas, north Louisiana, south Texas) from Devon Energy for $2.3 billion -- its largest acquisition since Berry and the biggest pure cash purchase in its history, to be funded with committed interim financing.
2 June 2014securities registration● Neutral
Pressburg, LLC filed the final prospectus for a registered offering.
28 May 2014business combination● Neutral
Linn Energy filed a second amendment to the registration statement for the exchange of $1.8 billion of 6.250% Senior Notes due 2019 for registered notes. It updates the documents incorporated by reference (including the Q1 2014 10-Q) and now speaks of the cost to integrate Berry rather than the cost to complete it. Completion of the exchange is still not shown.
22 May 2014material agreement● Neutral
Agreed to an asset swap with ExxonMobil, trading Permian Basin properties for ExxonMobil's Hugoton Basin assets -- Linn's first major exchange transaction rather than a straight cash purchase.
1 May 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $733.6 million and a net loss of $85.3 million for the period ended 2014-03-31.
1 May 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $733.6 million and a net loss of $85.3 million for the period ended 2014-03-31.
2 Apr 2014business combination● Neutral
Linn Energy filed an amendment to its registration statement for the exchange offer on its $1.8 billion of 6.250% Senior Notes due 2019, swapping unregistered notes for identical registered ones. This continues the exchange offer first filed in March 2013; the text shown does not give any change in terms and mentions the Berry acquisition as a cost and integration risk.
27 Feb 2014quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $629.2 million and a net loss of $784.5 million for the period ended 2013-12-31.
3 Feb 2014director interest notice● Neutral
Jamin Mcneil became a Pressburg, LLC SVP - Houston Div Ops and company insider (initial ownership filing).
3 Feb 2014director interest notice● Neutral
Candice J Wells became a Pressburg, LLC VP - Gen Counsel & Corp Sec and company insider (initial ownership filing).
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director Stephen J Hadden received 6,170 shares as part of the equity award.
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director Jeffrey C Swoveland received 6,170 shares as part of the equity award.
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director David D Dunlap received 6,170 shares as part of the equity award.
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director Joseph P Mccoy received 6,170 shares as part of the equity award.
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director George A Alcorn received 6,170 shares as part of the equity award.
28 Jan 2014director interest notice● Neutral
Pressburg, LLC director Michael C Linn received 6,170 shares as part of the equity award.
2 Jan 2014director interest notice● Neutral
Pressburg, LLC President and CEO Mark E Ellis gifted 20,500 shares.
26 Dec 2013director interest notice● Neutral
Stephen J Hadden became a Pressburg, LLC director and company insider (initial ownership filing).
18 Dec 2013director interest notice● Neutral
Pressburg, LLC Exec VP and CFO Kolja Rockov received 68,456 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Terrence S Jacobs became a Pressburg, LLC company insider (initial ownership filing).
18 Dec 2013director interest notice● Neutral
Pressburg, LLC director Jeffrey C Swoveland received 5,205 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC President and CEO Mark E Ellis received 177,985 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC director Joseph P Mccoy received 5,205 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC EVP and COO Arden Walker Jr. received 68,456 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC SVP and CAO David B. Rottino received 41,074 shares as part of the equity award.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC director George A Alcorn received 5,205 shares as part of the equity award.
18 Dec 2013asset acquisition disposition▲ GoodMajor
Completed its acquisition of Berry Petroleum through LinnCo in a stock-for-stock merger, with Berry shareholders receiving 1.68 LinnCo shares each (about 93.6 million shares). Berry became an indirect wholly owned Linn subsidiary, Berry Petroleum Company, LLC, and LinnCo ended up owning about 39% of Linn's units.
18 Dec 2013director interest notice● Neutral
Pressburg, LLC director Michael C Linn received 5,205 shares as part of the equity award.
9 Dec 2013business combination● Neutral
Reached an agreement in principle to settle shareholder litigation challenging the pending Berry Petroleum merger, clearing a legal hurdle on the path to closing Linn's largest-ever transaction.
5 Nov 2013quarterly activities report▼ Bad
Pressburg, LLC reported quarterly revenue of $494.6 million and a net loss of $30.1 million for the period ended 2013-09-30.
