LGCY - Legacy Reserves: It's Time To Sell Some Assets

A few days ago, the management team at Legacy Reserves (LGCY) released the company's 10-K on the SEC's EDGAR Database. This move, after the firm previously announced an extension request, likely came as a surprise to many of its shareholders, myself included. In the report, the firm details the good and bad issues affecting it, but perhaps most importantly the company provides data that suggests a recovery for the business might be possible, even if management must divest producing assets.

A look at the bad

Before we get to the positive aspects, I

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