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Enter Symbol:
 
Legacy Reserves Lp (LGCY) [hlAlert]

Rating:
Buy LGCY
down 78.01 %

Legacy Reserves Lp (LGCY) rated Buy with price target $30 by MLV & Co

Posted on: Tuesday,  May 22, 2012  8:25 AM ET by MLV & Co

MLV & Co rated Buy Legacy Reserves Lp (NASDAQ: LGCY) on 05/22/2012, when the stock price was $26.65.
Since then, Legacy Reserves Lp has lost 78.01% as of 01/27/2016's recent price of $5.86.
If you would have followed this MLV & Co's recommendation on LGCY, you would have lost 78.01% of your investment in 1345 days.

Legacy Reserves LP (Legacy) is an independent oil and natural gas company focused on the acquisition and exploitation of oil and natural gas properties primarily located in the Permian Basin and Mid-continent regions of the United States. The Company has two activities: the acquisition of producing oil and natural gas properties, and the development of producing properties. As of December 31, 2008, the Company had proved reserves of approximately 30.8 million barrels of oil equivalent (MMBoe), of which 68% were oil and natural gas liquids and 89% were classified as proved developed producing, 2% were proved developed non-producing, and 9% were proved undeveloped. On October 1, 2008, the Company completed the acquisition of 100% membership interests of Pantwist, LLC from Cano Petroleum, Inc.

MLV & Co is a boutique investment bank and institutional broker-dealer focused on providing independent financial advice and unique capital markets expertise to corporate and institutional clients in capital intensive industries such as metals and mining, life sciences, energy and real estate. With a focus on raising money efficiently for clients, MLV has rapidly become a leader in the At-the-Market(ATM) transaction market.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/22/2012 8:25 AM Buy
None
26.65 30.00
as of 12/31/2012
1 Week up  2.05 %
1 Month down  -3.25 %
3 Months down  -17.44 %
1 YTD down  -10.69 %

(*) Stock Price at the time of the recommendation.
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