Linn Energy Llc Linnco Llc

Photo credit: LINN Energy LLC  

For a number of reasons LINN Energy (NASDAQ:LINE), and by association its affiliate LinnCo (NASDAQ:LNCO) have become a battleground investment. Many investors love the super high yielding distributions the pair pays monthly. Others worry that those payouts could come to an end. Finally, there are some that just don't think LINN Energy is worth owning anymore.

On top of that investors have similar choices when it comes to high yielding oil and gas MLPs. BreitBurn Energy Partners' (NASDAQ:BBEP) distribution yield is about the same as LINN Energy. However, BreitBurn produces more oil as a percentage of its production, and as a smaller company it could offer more upside. On the other hand, Vanguard Natural Resources (NASDAQ:VNR) offers a lower yield, but it has massive upside to natural gas. Because of this investors have a choice when it comes to massive energy dividends.

That's why it is important for investors to cut through all the noise and really understand what an investment in LINN Energy or LinnCo represents. The following slideshow is meant to help investors better understand what LINN Energy actually owns, how it makes its money, where it's different from BreitBurn and Vanguard as well as what its future might hold. Only then can investors judge if the 10% yield of LINN Energy or LinnCo is worth adding or keeping in their portfolio.

The IRS wants you to buy these stocks
You already know record oil and natural production is changing the lives of millions of Americans. But what you probably haven't heard is that the IRS is encouraging investors to support our growing energy renaissance, offering you a tax loophole to invest in some of America's greatest energy companies. Take advantage of this profitable opportunity by grabbing your brand-new special report, "The IRS Is Daring You To Make This Energy Investment." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free. 

Matt DiLallo owns shares of Linn Co, LLC and Linn Energy, LLC. The Motley Fool recommends BreitBurn Energy Partners L.P.. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.