Wunderlich Securities: Coverage Ratios Remain Strong for LINN Energy

According to a research report released today by Wunderlich Securities, LINN Energy, LLC LINE announced a distribution of $0.69/unit for 4Q2011, which was in line with previous estimates. In the report, Wunderlich Securities said, “We continue to believe LINN Energy is a good investment for several reasons, including strong estimated coverage ratios over the next several years, which demonstrate LINN's ability to increase its distribution, LINN's limited exposure to commodity prices due to its hedging program, and our belief that LINN will continue to increase its asset base and properties through acquisitions and its drilling program. We have a Buy rating and a $44 price target on LINE units.” LINN Energy closed Friday at $37.06.