LINN’s latest surge in growth came from creating LinnCo (NASDAQ:LNCO) to be used as an acquisition currency. The company used LinnCo’s IPO to raise cash for an acquisition, but its big splash came last year when LinnCo was used to buy a large, oil-rich C-Corp. The company has proven that LinnCo works as an acquisition currency and is likely to use it again to acquire additional C-Corps. Innovations such as this are what grew LINN Energy into a top 15 MLP, as well as a top 15 independent exploration and production company. LinnCo LLC (NASDAQ:LNCO) weekly performance is 1.86%. On last trading day company shares ended up $27.94. Analysts mean target price for the company is $34.90. LinnCo LLC (NASDAQ:LNCO) distance from 50-day simple moving average (SMA50) is 1.87%.
Research analysts at Guggenheim lifted their target price on shares of Anadarko Petroleum (NYSE:APC) from $127.00 to $131.00 in a report released on 16 May, ARN reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price objective indicates a potential upside of 31.59% from the company’s current price. Anadarko Petroleum Corporation (NYSE:APC) shares fell -0.48% in last trading session and ended the day on $99.07. APC gross Margin is 86.70% and its return on assets is -4.20%.Anadarko Petroleum Corporation (NYSE:APC) quarterly performance is 21.75%.
On May 16, 2014, 3M Co (NYSE:MMM) entered into an Amended and Restated Distribution Agreement with Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and UBS Securities LLC relating to the future issuance and sale from time to time of the Company’s Medium-Term Notes, Series F (the “notes”), up to an aggregate principal amount of $9,000,000,000 including an aggregate principal amount of $2,250,000,000 of notes that were issued prior to the date of the Amended and Restated Distribution Agreement and are currently outstanding. 3M Co (NYSE:MMM) shares moved up 0.11% in last trading session and was closed at $141.13, while trading in range of $139.91 – $141.20. 3M Co (NYSE:MMM) year to date (YTD) performance is 1.29%.
Los Angeles, CA-based Breitburn Energy Partners L.P. (NASDAQ:BBEP) has priced an underwritten public offering of 7,000,000 8.25% Series A Preferred Units at $25.00 a piece, with a 30-day over-allotment option for an additional 1,000,000 units. The offering, which was announced on May 14, is likely to close on May 21. BreitBurn Energy Partners L.P. (NASDAQ:BBEP) ended the last trading day at $20.55. Company weekly volatility is calculated as 1.63% and price to cash ratio as 983.44.BreitBurn Energy Partners L.P. (NASDAQ:BBEP) showed a positive weekly performance of 3.63%.
Renewable Energy Trade Board Corp (OTCMKTS:EBODF) shares moved down -1.80% in last trading session and was closed at $3.81, while trading in range of $3.81 – $3.81.