Vanguard Natural Resources LLC

Most Recent

  • 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///ETFs
    Macroeconomic Analysis

    Linn Energy’s Losing Streak Continued on Friday, July 31

    Linn Energy’s (LINE) bloodbath continued on Friday with a single day loss of 15.13% as crude oil continued to fall due to excess supply concerns.

    By Kurt Gallon
  • uploads///NG prices
    Macroeconomic Analysis

    What’s the Long-Term US Natural Gas Price Forecast?

    In its March Short-Term Energy Outlook report, the EIA forecast that the US natural gas supply-demand balance could average around 2.9 Bcf per day in 2016.

    By Gordon Kristopher
  • 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///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///Analyst Recommendation
    Earnings Report

    Analyst Recommendations: Vanguard Natural Resources the Favorite

    The two most recent recommendations are by UBS and Scotia Howard Weil, and they rate LINE “sell” and “sector perform,” with target prices of $2 and $5, respectively.

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

    Why the MLPJ ETF shows tracking error versus its benchmark index

    The effect of sampling—the difference in the holdings between MLPJ and its benchmark index—is another cause of the tracking error.

    By Alex Chamberlin
  • uploads///ETFs
    Macroeconomic Analysis

    Linn Energy: Top Upstream MLP Loser on Tuesday, August 11

    Upstream companies’ earnings are significantly tied to crude oil and natural gas prices. UNG tracks daily movements in natural gas futures. It rose 0.44% yesterday.

    By Kurt Gallon
  • uploads///ETFs
    Macroeconomic Analysis

    Alerian MLP ETF Falls on Negative Investor Sentiments

    The Alerian MLP ETF, which comprises 23 midstream energy MLPs, fell 2.4% on October 22, 2015, along with the entire midstream sector.

    By Kurt Gallon
  • uploads///ETFs
    Macroeconomic Analysis

    Eagle Rock Energy Partners: Top Upstream MLP Loser on August 19

    Top upstream MLP losers include Eagle Rock Energy Partners (EROC), Vanguard Natural Resources (VNR), LRR Energy (LRE), and Linn Energy (LINE).

    By Kurt Gallon
  • uploads///
    Energy & Utilities

    Is preferred equity a trend for master limited partnerships?

    Recently, two master limited partnerships issued preferred equity, which is a relatively rare avenue of financing for MLPs.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Atlas Pipeline Partners taps preferred equity for over $100 million

    Earlier in March, Atlas Pipeline Partners (APL)—a gathering and processing master limited partnership (or MLP)—announced an offering of preferred equity.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    A guide to preferred equity and 2 MLPs that recently issued it

    Preferred equity (also called “preferred stock”) is a class of security that has features of both common equity and debt. Preferred equity acts like stock.

    By Ingrid Pan
  • uploads///
    Energy & Utilities

    Vanguard Natural Resources raises $169 million in preferred equity

    Earlier in March, Vanguard Natural Resources (VNR) raised money through the issuance of preferred equity. VNR issued 7 million 7.625% cumulative redeemable perpetual preferred units.

    By Ingrid Pan
  • uploads///Debt vs Pfd vs Cmn
    Energy & Utilities

    Why some companies may “prefer” to issue preferred equity

    Companies may prefer to raise money through preferred equity for a few reasons. One possible benefit to issuing preferred equity is to reach a new pocket of investors

    By Ingrid Pan
  • 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///WTI Brent spread
    Macroeconomic Analysis

    WTI-Brent Spread Widened as Brent Rose More than WTI Last Week

    A widening WTI-Brent spread tends to hurt upstream MLPs such as Memorial Production Partners (MEMP) and Vanguard Natural Resources (VNR).

    By Kurt Gallon
  • uploads///inventory
    Macroeconomic Analysis

    Why a 0.3% Rise in Crude Oil Inventories Impacted MLPs

    According to data released on March 16, 2016, US crude oil inventories rose 0.3% in the week ending March 11, 2016.

    By Kurt Gallon
  • uploads///EVEP
    Earnings Report

    An Overview of EV Energy Partners and Its Recent Activity

    EV Energy Partners sold its interests in its midstream assets, including Cardinal Gas Services and Utica East Ohio Midstream. Now, EVEP no longer operates in the midstream segment.

    By Kurt Gallon
  • uploads///BBEP
    Earnings Report

    An Overview of Breitburn Energy

    Breitburn Energy completed a few acquisitions in late 2014 to boost its total production. In November 2014, the partnership completed its merger with QR Energy.

    By Kurt Gallon
  • uploads///Linn
    Earnings Report

    An Overview of LINN Energy: The Biggest Upstream MLP Loser

    During 1Q15, Linn Energy recorded noncash impairment charges of ~$533 million associated with proved oil and natural gas properties.

    By Kurt Gallon
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.