Wall Street Journal  Feb 5  Comment 
Linn Energy said its was informed by the Securities and Exchange Commission that an inquiry related to its roughly $4.6 billion acquisition of Berry Petroleum in late 2013 has been closed.
DailyFinance  Jan 13  Comment 
NEW YORK, NEW YORK -- (Marketwired) -- 01/13/14 -- The Laurel Hill Advisory Group congratulates LINN Energy/LinnCo on their successful acquisition of Berry Petroleum Company. We would like to express our gratitude to our client for allowing...
SeekingAlpha  Dec 17  Comment 
ByAlbert Alfonso: After quite the delay, Linn Energy (LINE) announced yesterday that its merger with Berry Petroleum (BRY) was approved by the shareholders of both companies, which finally completes the merger process. Originally announced in...
Market Intelligence Center  Dec 17  Comment 
For a hedged play on Berry Petroleum (BRY) MarketIntelligenceCenter.com’s patented trade-picking algorithms selected a May. '14 $45.00 covered call for a net debit in the $43.65 area. That is also the break-even stock price for the covered call....
StreetInsider.com  Dec 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/LINN+Energy+%28LINE%29%2C+LinnCo+%28LNCO%29+Berry+%28BRY%29+Shareholders+Approval+of+Merger/8981679.html for the full story.
SeekingAlpha  Dec 12  Comment 
By Mir: What Berry Petroleum (BRY) is worth; with or without Linn Energy (LNCO)? This year has been an attention-grabbing journey for Berry Petroleum. Initially it was all set to be acquired by Linn Energy for about $46/share, a 20% premium...
Market Intelligence Center  Dec 12  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on Berry Petroleum (BRY) that includes 11.99% downside protection. Sell one contract of the May....
SeekingAlpha  Dec 10  Comment 
ByAlbert Alfonso: Linn Energy (LINE) has most certainly had a rough second half of 2013. The stock has been hammered on several fronts, including but not limited to concerns over its accounting of hedges, weak operational performance on acquired...
SeekingAlpha  Dec 3  Comment 
ByChristopher F. Davis: It seems that each day the long-term future is looking brighter every day for Linn Energy (LINE) and Linn Co (LNCO). Earlier, I shared with you the reason that I am adding to my position in anticipation of what I view as a...


Berry Petroleum Company (BRY), another of the oil stocks, has been on an uptrend since what appears to be a "hammer" formation on 1/23/08 (although some would argue that the "hammer" as early as 8/16/07 was the start of the bullish move).

The stock has been trending up since January in a very tight channel which is a good sign for the stock. The institutional investors have also thought this was a good stock, and they have been increasing their holdings (albeit slowly) in the stock. Additionally, the RSI (relative strength index) has been steadily increasing AND has recently crossed into positive territory placing BRY among the healthy stocks in the market (and possibly a future leader), even though the price is only in the high 50's and not in the hundreds such as other monsters in the group.

Technically, although the stock broke above the channel formation on 6/23/08 (which means that it is oversold and is a sell signal), it doesn't have that far down to correct before the stock is back in great shape. Currently, the 50-day moving average is at $54.41, which means that if the stock pulls back to this area and bases, a breakout from this area on high volume would be a very good thing for the stock.


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