MCEP - Legacy Reserves: Putting Its Credit Extension Into Perspective
Sometimes one of the best ways to get an idea as to the future of a particular company is to look at what is going on with a business with some characteristics that are similar to it. In this case, one thing investors are worried over concerning Legacy Reserves (LGCY) is whether or not the firm can survive this recent downturn in energy prices.
At this time, Legacy is my largest holding and while things have been painful, a development last year regarding my second-largest holding, Mid-Con Energy Partners (MCEP), suggests