Soreide Law Group continues to file several cases regarding the collapse of the oil and gas industry and the devastating losses our clients have endured. We have filed many cases for our clients involving Linn Co, (LNCO). These clients have lost, at an alarming rate, nearly their entire life savings due to this plummeting energy related stock recommended to them by their brokers or financial advisors.
| Linn Co, (LNCO) 52wk Range: | 0.14 - 13.13 |
LinnCo, LLC, through its limited liability company interests in Linn Energy, LLC, focuses on the acquisition and development of oil and natural gas properties in the United States. The company was founded in 2012, and is headquartered in Houston, Texas.
In other words, LinnCo was created in 2012 by Linn Energy LLC (LINE) as an affiliate with the purpose of owning units of Linn Energy. So in order to really watch what is going on, look to Linn Energy.
Linn Energy (LINE) and LinnCo (LNCO) have suffered huge losses, nearly 98%, in the last year and could now be in jeopardy of bankruptcy.
LinnCo's weaknesses include its deteriorating net income, disappointing return on equity, weak operating cash flow and disappointing historical performance in the stock itself.
Despite reducing capital expenditure in the past few quarters, the company has reported negative free cash flow. The stock price is directly related to crude oil prices.
Many brokers recommended these highly volatile energy-related stocks to their clients without explaining the risks involved. Your broker is obligated to explain these stocks to you before investing. If your broker recommended Linn Co, LLC or any other stocks from the oil and gas sector, and you have experienced the dramatic losses along with the oil and gas markets, contact the Soreide Law Group for a free consultation with an attorney regarding possible recovery of your losses at: 888-760-6552.
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