Legacy Reserves LP

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  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Legacy Reserves: Top Upstream Gainer This Week

    In the week starting on March 26, 2018, Legacy Reserves LP increased from last week’s close of $4.47 to $4.94 on March 26—an increase of ~11%.

    By Nicholas Chapman
  • uploads///performance by subgroup
    Miscellaneous

    Why Gathering and Processing MLPs Outperformed in 1Q17

    Gathering and processing MLPs were the best performing MLPs in the first quarter of 2017. The subgroup rose 14.7%.

    By Kurt Gallon
  • uploads///hedge position
    Company & Industry Overviews

    Which Upstream MLP Could Announce Bankruptcy Next?

    Memorial Production Partners’ (MEMP) liquidity position was better compared to its peers. It doesn’t have significant debt maturity until 2018.

    By Kurt Gallon
  • uploads///top mlp gainer n loser
    Basic Materials

    A Look at the Top Gainers and Underperformers in the MLP Sector

    Legacy Reserves (LGCY), an upstream MLP involved in crude oil, natural gas, and natural gas liquids production, is the top year-to-date MLP gainer.

    By Kurt Gallon
  • uploads///ETFs
    Macroeconomic Analysis

    Legacy Reserves: Top Upstream MLP Loser on September 22

    The top upstream MLP losers include Legacy Reserves (LGCY), Linn Energy (LINE), Mid-Con Energy Partners (MCEP), and BreitBurn Energy Partners (BBEP).

    By Kurt Gallon
  • uploads///Gains
    Energy & Utilities

    These MLPs Rose More than 6.0% in the Week Ended September 29

    Upstream MLPs EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) rose 17.6%, 13.7%, and 11.8%, respectively, in the week ended September 29.

    By Kurt Gallon
  • uploads///leverage
    Company & Industry Overviews

    What Led to Memorial Production Partners’ Bankruptcy?

    MEMP’s earnings improved in the recent quarter, but prior shortfalls were high and couldn’t be covered without a restructuring under Chapter 11 bankruptcy.

    By Kurt Gallon
  • uploads///ETFs
    Macroeconomic Analysis

    EV Energy Partners: Top Upstream MLP Gainer on November 2

    The top upstream MLP gainers include EV Energy Partners (EVEP), Atlas Resource Partners (ARP), BreitBurn Energy Partners (BBEP), and Legacy Reserves (LGCY).

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Last Week’s Worst-Performing MLPs

    Upstream MLPs including EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) were among the top MLP losers last week.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    Lowest-Performing MLPs in Week Ended July 27

    American Midstream Partners (AMID) was the lowest-performing MLP in the week ended July 27.

    By Kurt Gallon
  • uploads///Energy MWU_ F
    Company & Industry Overviews

    Are Hedge Funds Buying TELL, LGCY, AROC, and CLB?

    In Q1 2018, ten hedge funds either created new positions or added to their positions in Tellurian (TELL).

    By Nicholas Chapman
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    Upstream Losses This Week: LGCY, HK, WTI, SN, and XEC

    In the week starting July 2, Legacy Reserves (LGCY) decreased from $6.90 to $6.22, a fall of almost 9.9%.

    By Nicholas Chapman
  • uploads///Energy MWU_ Analysts
    Energy & Utilities

    Wall Street Analysts’ Targets for LGCY, SN, OIS, and SPN

    As of March 26, 2018, Reuters reported that one analyst covered Legacy Reserves LP (LGCY) with a “sell” recommendation on the stock.

    By Nicholas Chapman
  • uploads///Energy MWU_ F
    Company & Industry Overviews

    Institutional Investors’ Activity: LGCY, SN, OIS, and SPN

    In 4Q17, 17 funds were “buyers” of Legacy Reserves LP (LGCY) stock, while 27 funds were “sellers.”

    By Nicholas Chapman
  • uploads///Gains
    Energy & Utilities

    Top MLP Gainers in the Week Ending March 23

    Legacy Reserves (LGCY) was the top MLP gainer in the week ending March 23. Legacy Reserves rose 11.8% last week.

    By Kurt Gallon
  • uploads///oil _
    Energy & Utilities

    Legacy Reserves Has Risen Over 140% in 2018: Can It Rise Further?

    Upstream MLP Legacy Reserves has risen 144.0% since the start of 2018.

    By Kurt Gallon
  • uploads///Value chain
    Company & Industry Overviews

    Who’s Protected from FERC’s Revised Income Tax Policy?

    Midstream companies such as Kinder Morgan (KMI), Targa Resource (TRGP), and ONEOK (OKE) are taxed as C-corps, so the revised policy doesn’t apply to them.

    By Kurt Gallon
  • uploads///Gains
    Basic Materials

    Last Week’s Top MLP Gainers: Calumet and More

    Calumet Specialty Products Partners (CLMT), a downstream MLP involved in the production of specialty fuels, was the top MLP gainer last week.

    By Kurt Gallon
  • uploads///Gains
    Energy & Utilities

    Why USAC Was the Top MLP Last Week

    USA Compression Partners (USAC), a midstream MLP involved in natural gas contract compression services, was the top MLP gainer last week with WoW (week-over-week) gains of 7.8%.

    By Kurt Gallon
  • uploads///sub group
    Energy & Utilities

    Which MLP Subgroup Was the Winner in 2017?

    Coal MLPs Alliance Resource Partners LP (ARLP), CNX Coal Resources (CNXC), and Foresight Energy LP (FELP) were among the worst-performing MLPs in 2017.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    Top MLP Losers in Week Ended January 5

    Foresight Energy (FELP) was the top MLP loser last week. It fell 3.8% in a single trading session on Friday, January 5, 2018.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    Blueknight Energy Partners: Top MLP Loser Last Week

    Blueknight Energy Partners (BKEP) was the top MLP loser last week—it fell 6.8%. The partnership has lost 30.7% since the beginning of the year.

    By Kurt Gallon
  • uploads///Gains
    Energy & Utilities

    These MLPs Saw the Biggest Rises Last Week

    Upstream MLPs (master limited partnerships) EV Energy Partners (EVEP) and Legacy Reserves were among the top MLP gainers last week.

    By Kurt Gallon
  • uploads///LGCY
    Energy & Utilities

    Analyzing LGCY’s Correlation with Natural Gas

    Legacy Reserves (LGCY), an upstream MLP, is in the fourth spot in terms of its correlation with natural gas.

    By Kurt Gallon
  • uploads///DMLP
    Energy & Utilities

    What’s Driving DMLP’s Correlation with Natural Gas?

    Dorchester Minerals (DMLP), a royalty interest owner MLP, is in third place in terms of its correlation with natural gas.

    By Kurt Gallon
  • uploads///Loss
    Energy & Utilities

    Top MLP Losers in the Week Ending November 24

    Southcross Energy Partners (SXE) was the top MLP loser in the week ending November 24. It fell 7.1% during the week. It has lost 11.6% in November.

    By Kurt Gallon
  • uploads///Gains
    Energy & Utilities

    Top MLP Gainers for Week Ended November 10

    CSI Compressco (CCLP), a midstream MLP involved mainly in natural gas compression, was the biggest MLP gainer last week, which ended November 10, 2017.

    By Kurt Gallon
  • uploads///Energy MWU_ UPSTREAM Gainers
    Energy & Utilities

    Which Upstream Company Is the Biggest Gainer This Week?

    So far this week, Legacy Reserves (LGCY) has risen from its last week’s close of $1.49 to $1.63 on October 10—a significant rise of more than 9%.

    By Nicholas Chapman
  • uploads///Gains
    Basic Materials

    Which MLPs Rose More than 4% in the Week Ending September 15?

    Dominion Midstream Partners (DM) was the top MLP gainer in the week ending September 22, 2017. Dominion Midstream rose 12.1% during the week.

    By Kurt Gallon
  • uploads///Loss
    Basic Materials

    These MLPs Fell More Than 7% Last Week

    EV Energy Partners (EVEP) was the worst-performing MLP last week. It fell a massive 20.9% during the week.

    By Kurt Gallon
  • uploads///analysts are bullish on tllp
    Miscellaneous

    74% of Analysts Call Tesoro Logistics a ‘Buy’

    On June 2, 2017, Barclays resumed its coverage of Tesoro Logistics (TLLP) with an “overweight” rating. Barclays has given TLLP a target price of $65.

    By Rekha Khandelwal, CFA
  • uploads///performance by subgroup
    Miscellaneous

    Which MLP Subgroups Were the Biggest Losers during May 2017?

    Marine transportation MLPs fell ~13.5% during May 2017.

    By Kurt Gallon
  • uploads///NSPC
    Company & Industry Overviews

    Vanguard Natural Resources Can’t Make It, Files for Bankruptcy

    Vanguard Natural Resources (VNR) has been suffering from a liquidity crisis and high leverage. On February 2, it filed for relief under Chapter 11 of the United States Bankruptcy Code.

    By Kurt Gallon
  • uploads///nspc
    Company & Industry Overviews

    Memorial Production Partners to File Bankruptcy: Key Highlights

    Memorial Production Partners (MEMP), an upstream MLP that was suffering from liquidity crisis and high leverage, has filed for bankruptcy protection.

    By Kurt Gallon
  • uploads///vnrs stock performace
    Company & Industry Overviews

    Vanguard Natural Is Soaring on Latest OPEC Output Deal

    Vanguard Natural Resources (VNR), an upstream MLP involved in crude oil, natural gas, and NGL production, has gained over 100.0% in recent trading sessions.

    By Kurt Gallon
  • uploads///WTI Brent
    Macroeconomic Analysis

    WTI-Brent Spread Narrowed, Brent Fell More than WTI Last Week

    Brent crude oil’s higher fall compared to WTI in the week ended June 17, 2016, resulted in the narrowing of the WTI-Brent spread.

    By Kurt Gallon
  • uploads///Liquidity position
    Company & Industry Overviews

    Where Do VNR, MEMP, EVEP, and LGCY Stand in Terms of Liquidity?

    MLPs are going through a liquidity crisis due to a decline in earnings driven by a fall in commodity prices.

    By Kurt Gallon
  • uploads///EV Energy operating results
    Earnings Report

    EV Energy Partners in 2Q15: Disappointing Operating Results

    EV Energy Partners (EVEP) saw its 2Q15 revenues more than halved YoY (year-over-year). Its revenues fell to $44.4 million, down from $89.36 million in 2Q14.

    By Kurt Gallon
  • uploads///Weekly AMLP yr treasury yield spread
    Macroeconomic Analysis

    10-Year Treasury and MLP Yields Diverged Last Week

    The Alerian MLP ETF (AMLP) traded at a yield of 8.3% at the end of the week ending August 21. The yield rose during the week from 8.00% at the end of the previous week.

    By Rekha Khandelwal, CFA
  • uploads///Part  MLP
    Company & Industry Overviews

    Master Limited Partnerships: Reasons to Be a Silent Partner

    Master limited partnerships generally make significant distributions, which makes them an attractive avenue for income-seeking investors.

    By Mike Sonnenberg
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