Linn Exploring Options During Worst Oil Downturn in 30 Years

Updated on
  • Linn Energy using all of $3.6 billion credit facility loan
  • Lazard and Kirkland & Ellis hired for advice during review

Oil and natural gas explorer Linn Energy LLC, whose stock has fallen 96 percent in two years, is exploring “strategic alternatives” to strengthen its balance sheet while dealing with the worst crude market downturn in 30 years.

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