LINN Energy (NASDAQ:LINE) Maintains Momentum
Modern Energy Roundup - April 26, 2012
LINN Energy (NASDAQ:LINE) announced Q1, 2012 results today. Net loss narrowed to $6 million, from $446.6 million a year ago, and production increased 51 percent to average 471 million cubic feet of natural gas equivalent per day.
While my primary focus is on clean, alternative energy, it is unwise for any energy investor to put all his eggs in the alternative energy basket. This is why we are well diversified throughout the energy sector, and certainly have a piece of the booming domestic oil & gas market. LINN Energy is currently my top pick here. It has one of the best hedging programs in the industry, it's expansion plans are aggressive, yet rational and also well underway, and it offers a fat 7% dividend. And yes, I do own shares. I'd be crazy not to.
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