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Shares of oil-and-natural-gas company Linn Energy LLC (Nasdaq: LINE) slipped more than 7.7% in premarket hours on news that the firm slashed its dividend and capex-spending plans for next year. LINE said it will assume oil prices of $60 per barrel for its 2015 budget and outlook. Falling oil prices have crushed the company's stock over the last year. The stock is now off from its 52-week high by more than 67%.