Linn Energy (LINE): Flash alert

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by Elliott Gue, editor The Energy Strategist

After the close of trading on March 22, Linn Energy (NASDAQ: LINE) announced its intention to acquire natural gas producing properties in the Antrim Shale region of Michigan for $330 million; we have taken this opportunity to issue a ‘flash alert’ for what we view as a buying opportunity.

The deal is projected to close before the end of next month and represents the largest such deal by Linn Energy since a $550 million acquisition announced in late 2007.