Linn Energy: ExxonMobil Swap a ‘Positive Step’

Last night, Linn Energy (LINE) and ExxonMobil (XOM) agreed to swap assets, with Exxon receiving land in the west-Texas Permian Basin and Linn Energy getting land in Bakersfield, Calif. Credit Suisse analyst Abhiram Rajendran and team call the deal a “positive step” for Linn Energy: Getty Images LINN announced a Permian-California trade with ExxonMobil that [...]