If you're looking for bargains in the oil patch, here are two companies to stay away from and one worth the risk.
News & Analysis: Linn Energy, LLC
There was a time when MLPs and similar pass-through entities were all the rage. Now they could turn into a nightmare for investors.
The upstream MLP has been beaten down, but there is reason to be optimistic that units could soar thanks to three catalysts on the horizon.
The upstream MLP has its work cut out for it if it intends to survive the downturn without going belly-up.
The upstream MLP is reportedly considering a structural change that’s very similar to the one taken by Apache a couple of decades ago.
Oil prices are up again, and independent producer stocks are getting a lift. At the same time, Seadrill shares are getting pummeled after an analyst called the offshore sector "overvalued."
It was a week to remember after LINN Energy, Ultra Petroleum, Seadrill, California Resources, and Unit Corporation all rallied triple digits this week.
After beating down the share prices of LINN Energy, California Resources Corporation, Denbury Resources, and Whiting Petroleum for two years now, Wall Street is using the recent oil price climb to throw these stocks a bone.
The beleaguered upstream MLP has more than doubled since bottoming early last month.
The wild ride continues after another analyst downgrade.