LGCY News and Press, Legacy Reserves From 06/01/19

MIDLAND, Texas , June 1, 2019 /PRNewswire/ -- Legacy Reserves Inc. (NASDAQ: LGCY) ("Legacy", and collectively with its subsidiaries, the "Company") announced today that the Company has entered into forbearance agreements (the "Forbearance Agreements") with its lenders under its reser...

AUSTIN , May 31, 2019 /PRNewswire/ -- Baines Creek Capital, LLC, an Austin -based investment firm, and its affiliated investment funds (collectively " Baines Creek "), which beneficially own approximately 23% of the common stock of Legacy Reserves, Inc. (the "Company") (Nasdaq: LGCY...

This past week was not a fun time for any shareholders in Legacy Reserves ( LGCY ). On Friday, May 24th, shares of the firm tanked, closing down more than a third in response to a filing put up on the 23rd after the market closed in which it was revealed the end may be near for the busines...

Rough week for oil and energy stocks, but for midstream stocks it wasn't terrible. MLPs (-1.1%) were down in-line with the S&P 500 on the week, a big win relative to energy stocks more broadly (XOP -8%, XLE -3%). Utilities were strong, helped by U.S. 10 year interest rates hitting YTD lows...

Legacy Reserves ( LGCY -35.8% ) plunges after disclosing retention agreements with top management. More news on: Legacy Reserves Inc., Energy stocks news, Stocks on the move, Read more ...

I mentioned recently that I believed that there was a 95% chance that Legacy Reserves ( LGCY ) would restructure soon. The significant decline in oil prices during the last couple days combined with the details in Legacy's latest SEC filing (showing various actions that are consistent with a c...

Legacy Reserves ( LGCY ) reported Q1 2019 earnings that weren't terrible, but doesn't provide hope that it can avoid restructuring given that the company has little margin for error. Legacy's average daily oil production dropped from Q4 2018 to Q1 2019, indicating that the company may have...

The management team at Legacy Reserves ( LGCY ) surprised investors when, late last week, they released financial results for the first quarter of the oil and gas E&P’s (exploration and production’s) 2019 fiscal year. Given recent developments from the firm, namely that t...

Legacy Reserves (NASDAQ: LGCY ): Q1 GAAP EPS of -$0.70. More news on: Legacy Reserves Inc., Earnings news and commentary, Energy stocks news, , Read more ...

MIDLAND, Texas , May 9, 2019 /PRNewswire/ -- Legacy Reserves Inc. ("Legacy") (NASDAQ:LGCY) today announced 2019 first quarter results including the following highlights: Generated quarterly oil production of 17,922 Bbls/d, a 4% increase relative to Q1'18; Reduced lease operat...