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LGCY - Legacy Reserves: An Ugly But Viable Path To Take
Legacy Reserves
It's not a stretch to say that, right now, Legacy Reserves (LGCY) is not a particularly popular stock. If anything, it's one of the most unpopular stocks in the oil and gas E&P space, with (it seems at least) more commentators expecting management to file bankruptcy than for the firm to survive. These fears, to be sure, are not completely unwarranted, and the risk to the business today is greater than it has been in the past, but at the same time, it's worth pointing out yet another scenario where, even in this