Linn Energy (LINE) positive write-up in Barrons

This weekend, Barrons wrote a positive article on Linn Energy that highlights most of the reasons that we mentioned here last week. The TDBU portfolio has a 5.1% position in LINE and it is up 18% on the news.

From a Drab Driller, a Welcome Gusher

"Linn's current production levels are hedged 99% for next year, 107% for 2010, 101% for 2011 and 66% for 2012 -- far greater coverage than at most rivals."

Overall, this is basically a non-event and does not change the thesis on LINE. We intend to keep this position for many years.