Opposite Congressional Stock Trades Made in Energy Company and Subsidiary

Two members of Congress, who each reported more than $1.5 million in stock transactions during March, had trades involving the same energy company and its subsidiary. In one of his March transactions, Rep. Bill Flores (R-Texas) 

Rep. Bill Flores

 (R-Texas) reported he purchased $250,001 to $500,000 of Linn Co LLC (NASDAQ: LNCO) stock on 3/22. Linn Co LLC is a C corporation and a subsidiary of Linn Energy LLC.  At the close of that day the stock was at a March low, and it has since steadily gone up. On the other hand, the spouse of 

 he purchased $250,001 to $500,000 of Linn Co LLC (NASDAQ: LNCO) stock on 3/22. Linn Co LLC is a C corporation and a subsidiary of Linn Energy LLC.  At the close of that day the stock was at a March low, and it has since steadily gone up. On the other hand, the spouse of Sen. Frank Lautenberg (D-N.J.) 

Sen. Frank Lautenberg

 (D-N.J.) reported she sold over $1 million of Linn Energy LLC (NASDAQ: LINE) on 3/26 and another $500,0001 to $1 million on 3/27. The stock has gone up since then.

Rep. Flores also reported purchasing $100,001 to $250,000 in each of the following: Access Midstream Partners LP; Calumete Specialty Prods/partners LP Common; DCP Midstream Partners LP Com Units (sold later in March); Enbridge Energy Mgmt LLC Shs Uts; EV Energy Partners LP Com Stk; Nustar GP Holdings LP; Williams Companies Inc Com Stk (sold later in March).

Flores also purchased $250,001 to $500,000 of Memorial Production Partners LP and purchased $250,001 to $500,000 in Eagle Rock Energy Partners.

Rep. Flores sits on the House Natural Resources Committee and its subcommittee on Energy and Mineral Resources.

In another filing, Sen. Mark Warner (D-Va.) reported he sold $1 million to $5 million in 

Sen. Mark Warner

 (D-Va.) reported he sold $1 million to $5 million in X-10 Capital Partners (QP) LP on March 7. X-10 Capital Partners, based in Alexandria, Va., is a hedge fund dealing with the telecommunications, media and technology sector.

X-10 Capital Partners

Members of Congress are required by the Stop Trading on Congressional Knowledge (STOCK) Act to file regular reports on their stock transactions.

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