Linn Energy LLC (LINE) and LinnCo LLC (LNCO) Announce the Estimated Tax Characteristics of 2015 Cash Distributions and Estimated 2016 Cash Tax Liability

Linn Energy LLC (NASDAQ:LINE) LinnCo LLC (NASDAQ:LNCO) and announced the estimated federal income tax characteristics of its 2015 cash distributions to holders of its common shares.

The table below describes the distributions made by the company in 2015 and the estimated reporting of such payments on United States Internal Revenue Service (“IRS”) Form 1099-DIV. The company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final determination of the tax characteristics of 2015 cash distributions is not expected to be made until mid-March 2016, and at that time the company will announce the final tax characteristics and post the corrected Form 8937 (if applicable).

LinnCo, LLC — Common Shares (CUSIP: 535782-10-6)

(per share)
Reported as
Total Ordinary
Dividends in
Box 1a of
Form 1099-DIV
Reported as
Qualified Dividends
in Box 1b of Form
Reported as
in Box 3 of
Form 1099-DIV
Total 2015$0.9378100%100%0%

In accordance with IRS Code Section 6045B, a company is required to file Form 8937, Report of Organizational Actions Affecting Basis of Securities, following any action that affects basis. At this time, there is no estimated impact to basis, thus the Company is not required to file Form 8937.

Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of LinnCo, LLC cash distributions.  For additional information, contact LinnCo’s Investor Relations Department. (Original Source)

Shares of Linn Energy closed last Friday at $1.00. LINE has a 1-year high of $14.93 and a 1-year low of $1. The stock’s 50-day moving average is $1.41 and its 200-day moving average is $3.05.

On the ratings front, Linn Energy has been the subject of a number of recent research reports. In a report issued on December 18, Barclays analyst Jeffrey Robertson maintained a Hold rating on LINE, with a price target of $1, which represents a slight downside potential from current levels. Separately, on December 1, FBR’s Chad Mabry reiterated a Sell rating on the stock and has a price target of $1.50.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Jeffrey Robertson and Chad Mabry have a total average return of 0.3% and -45.4% respectively. Robertson has a success rate of 42.9% and is ranked #1588 out of 3582 analysts, while Mabry has a success rate of 16.7% and is ranked #3575.

Linn Energy LLC is an independent oil and natural gas company. The Company’s properties are located in United States in Rockies, Hugoton Basin, California, East Texas and north Louisiana, Mid-Continent, Permian Basin, Michigan/Illinois and South Texas.