Linn Energy (LINE) - Upgraded by Goldman Sachs

Shares of Linn Energy Rose this week bouncing back from a low of 22.79 early this month due to short sellers HedgeEye & a Bearish article by Barrons Questioning Linn's valuations and the proposed merger with Berry Petroleum (BRY). Linn Energy Now trades at 27.99 as of July 19th gaining back some of it's losses.  This is due to the Upgrade it received from Goldman Sachs wednesday July 17th :  Analyst Theodore Durbin upgraded Linn to "Buy" with a $36 price target. He said that even taking into account the company's recent problems the recent sell off of its shares wasn't warranted and creates an attractive entry point for investors. 

There Appears in my opinion to be more upside left in (LINE), Not only because of the Goldman Sachs Upgrade. Lets Take a look at Linn energy's Historic valuations (see chart Below) 

Chart from Yahoo Finance 

Linn Energy Traded in the $40 range not to long ago Prior to the short seller attack. 

Another positive factor that should be taken into consideration is that Management has stated that they are switching from quarterly to monthly dividends!

LINN Energy and LinnCo Announce Monthly Distribution and Dividend

HOUSTON, July 1, 2013 (GLOBE NEWSWIRE) -- LINN Energy, LLC (Nasdaq:LINE) and LinnCo, LLC (Nasdaq:LNCO) announced today distributions and dividends, respectively, for the month of April 2013.

LINN Energy, LLC declared a monthly cash distribution of $0.2416 per unit, or $2.90 per unit on an annualized basis, for all of its outstanding units. The distribution will be payable July 15, 2013, to unitholders of record as of the close of business on July 10, 2013.

LinnCo, LLC declared a monthly cash dividend of $0.2416 per common share, or $2.90 per share on an annualized basis, for all of its outstanding common shares. The dividend will be payable July 16, 2013, to shareholders of record as of the close of business on July 10, 2013.

That means that Linn Energy is Yielding 12% annually and will be paying out Dividends monthly!

I consider (LINE) to be a buy and an even stronger one below the 28$ range

Advisory: I currently own shares of LINE