LGCY News and Press, Legacy Reserves From 03/13/19

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...

One of the main questions surrounding Legacy Reserves ( LGCY ) is how much capex it needs to be able to maintain production levels. Based on a detailed look, it appears that Legacy may be able to hold total production at late 2018 levels with around $200 million to $220 million in capital expe...

A key challenge with Legacy Reserves ( LGCY ) at the moment is that a restructuring event could make its common equity worth zero or pretty close to it. Based on historical average multiples, Legacy's equity should be worth something. I've previously discussed a potential net asset value of $...

Summary Legacy Reserves is an E&P company primarily based in the Permian Basin that generates its revenue from the sale of Oil, Natural Gas and Natural Gas Liquids The company has a high amount of outstanding debt, $519 million of which is due in April. Management has not made any ...

Lately, the management team at Legacy Reserves ( LGCY ) has been making some rather interesting moves behind the scenes, moves geared toward reducing debt and ultimately lowering the firm's risk. While this maneuvering has come at a small cost to shareholders, the strategy employed by the fi...

Financially distressed Legacy Reserves ( LGCY ) has been in a tough spot for awhile. Management forced conversion of the preferred stock awhile back. The willingness to go to court over this issue should have demonstrated the severity of the financial situation. Now the resignation of some ...

Legacy Reserves (NASDAQ: LGCY ) selects Robert Norris as its new CFO effective Feb. 19, filling a position that had been open since October 2018 when CFO Dan Westcott was promoted to CEO. More news on: Legacy Reserves Inc, Energy stocks news, Read more ...

MIDLAND, Texas , Feb. 11, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) announced today the appointment of Robert L. Norris as Chief Financial Officer effective February 19, 2019 . Dan Westcott , President, commented, "We are excited to have Robert j...

The past few months have been painful, especially for oil and gas investors who have exposure to the E&P (exploration and production) firms on the market. Since at least October of last year, we have seen continued pressure on investors in this space, as the companies in it have seen their...

The market can be an awfully confusing place, in part because there are so many divergent views about where individual company valuations and where the broader market valuation, belongs. Case-in-point, we need only look at Legacy Reserves ( LGCY ) and its debt position. Recently, on January ...