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Fly News Breaks for February 5, 2016
Feb 5, 2016 | 07:55 EDT
After LINN Energy announced that it would explore strategic alternatives, Stifel says it thinks the company has "limited value potential," given the weak commodity environment. Moreover, the firm thinks the company's decision to borrow the remaining $919M under its credit facility could lead to "a standoff" with its creditors in the spring. Meanwhile, Stifel believes there is a growing likelihood that the company will look to reorganize itself after its board changed the company's severance plan.
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