Upstream energy player Linn Energy LLC LINE has paid interest of $60 million on senior debt within the grace period of 30 days. In details, the total interest payment that Linn Energy made comprises $30 million on senior notes – to mature by Feb 2021 – carrying an interest rate of 7.75%. This also included $18 million of interest payment on senior notes that will mature by Sep 2022. The remaining $12 million reflects interest on senior notes – maturity anticipated by Sep 2021 – with 6.50% interest. The company announced last Friday that this interest has finally been paid while the original payment date was Mar 15, 2016. Investors definitely favor the company’s interest payment amid concerns that it is gradually moving toward bankruptcy. Although this is a smart step, many things are yet to be done by the company to avoid bankruptcy completely. Moreover, Linn Energy declared its intention to pay $58 million interest, due in April and May, within the grace period of 30 days. Out of the outstanding interest of $58 million, payment of around $31 million is due in April. The remaining payment of $27 million is due in May. Houston, TX-based Linn Energy is primarily involved in the development of oil and gas resources in the U.S. Currently, the company carries a Zacks Rank #2 (Buy), implying that it will outperform the broader U.S. equity market over the next one to three months. Other players in the energy sector that warrant a look include PetroChina Co. Ltd. PTR, Antero Resources Corporation AR and Vanguard Natural Resources, LLC VNR. Each of these stocks carries a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PETROCHINA ADR (PTR): Free Stock Analysis Report VANGUARD NATURL (VNR): Free Stock Analysis Report LINN ENERGY LLC (LINE): Free Stock Analysis Report ANTERO RESOURCE (AR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research