|Day Low/High||0.06 / 0.07|
|52 Wk Low/High||0.06 / 6.34|
Exchange Offer to Expire at 12:00 Midnight, New York City time, on April 25, 2016
The troubled oil and gas company reached an agreement with holders on its newly issued notes as it continues restructuring.
Exchange offering from LinnCo gives options to investors, should they want to stay invested.
LinnCo (LNCO) stock is plunging this afternoon as Linn Energy (LINE) considers merging with the company to shield its own investors from a tax hit.
These stocks trading for less than $10 a share are within range of triggering big breakouts.
Downgrade comes as LINN Energy's stock trades well below $1.
Linn Co (LNCO) shares are rising after-hours on rising crude futures.
Investors in LinnCo, LLC saw new options become available this week, for the December 18th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LNCO options chain for the new December 18th contracts and identified one put and one call contract of particular interest.
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