In the unpredictable oil and gas sector, the recent roller-coaster commodity prices have taken their toll on many energy companies. One among many affected businesses is LINN Energy, a Houston-based exploration and production company that has witnessed its stock prices tumble from $32 per unit last summer down to below $9 per unit this past week.
However, in a recent reversal of fortune, LINN Energy has pulled off an impressive triple play that appears to have changed the company’s financial trajectory. Linn Energy recently announced that it has entered into two strategic alliances for future business developments and also has sold properties in the Permian Basin in West Texas to an undisclosed buyer.
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