All of this valuation conflict for Linn is on the back drop of the Berry Petroleum (BRY) acquisition, still to be approved by Berry shareholders.Now here is where the trading psyche works to make the Linn shares a better "bear raid" opportunity. Linn uses subsidiary Linnco (LNCO - Get Report) shares as capital for purchasing Berry, but negative news makes that acquisition less appetizing for Berry shareholders, making the acquisition less likely and forcing down Linn shares even further. Helping to dissuade Berry shareholders into approving the Linn deal is the smartest trading move for funds that are short Linn shares.
Shorts Battle Over Linn
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