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Fly News Breaks for February 5, 2016
Feb 5, 2016 | 08:10 EDT
As previously reported, Raymond James downgraded LINN Energy to Underperform from Market Perform. LINN management announced it would persue strategic alternatives and fully draw down its borrowing base. Analyst Kevin Smith sees increased risk of equity dilution through a bond restructuring and growing potential the company will be forced into bankruptcy.
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