Linn Energy: A Long-Term Independent Oil And Gas Dividend Play
By Sol Palha:
Linn Energy, LLS (LINE) is an independent oil and gas company that is focused on the development and acquisition of long lived oil and gas properties based in the U.S. Its goal is to provide growth and a stable source of distributions to its unit holders via drilling and acquisitions.
Reasons why Linn is a good long term play
It distributions have more than doubled over the past six years. Earnings have grown at an annual rate of 40% over the past five years. The two main areas of growth for LINN are the Permian Basin and its horizontal drilling program in the Granite Wash Trend. It holds over 70,000 gross acres in the Texas panhandle area alone and another 100,000 gross acres in the Oklahoma portion of the Granite Wash. It has already identified more than 100 drilling locations in the Texas Panhandle portion of the GraniteComplete Story »