The last post explained just how bizarre the definition of EBITDA/distributable cash is at Linn Energy. This bizarre definition of EBITDA in my opinion allows a zany and unsustainable level of distributions to be paid and hence attracts investors.
Share this post
Linn Energy: A bizarre definition of…
Share this post
The last post explained just how bizarre the definition of EBITDA/distributable cash is at Linn Energy. This bizarre definition of EBITDA in my opinion allows a zany and unsustainable level of distributions to be paid and hence attracts investors.