MIDLAND, Texas -- Legacy Reserves LP today announced that the Board of Directors of its general partner has approved a cash distribution attributable to the second quarter of 2010 of $0.52 per unit, payable on August 13, 2010, to unitholders of record at the close of business on August 2, 2010.
Although interest rates and fears about inflation have subsided during the most recent correction, investors should be aware of the looming inflation risks down the road, according to Mike Finnegan, CIO of Principal Funds and manager of the Principal Diversified Real Asset Fund.
MIDLAND, Texas -- Legacy Reserves LP today announced it has closed acquisitions of oil and gas properties located in the Permian Basin for $9.2 million in three separate transactions.
With the deadline for 13F filings behind us, investors are now privy to a slew of fresh institutional holdings data from the end of the first quarter, and Pros remained loyal to their favorite yield plays in the MLP sector.
Despite the prevailing economic uncertainty, many master limited partnerships (MLPs) have performed extraordinarily well, generating solid returns for investors through tax-advantaged payouts and capital gains. We spoke with Elliott Gue, co-editor of MLP Profitsand editor of The Energy Strategistabout his outlook for the group and some of his favorite MLPs.
Q: What’s your outlook for MLPs over the next year?
I put together some thoughts on a group of MLPs (Master Limited Partnerships) at the request of a number of subscribers. There are 50 or so U.S. MLPs out there in various parts of the energy business but I limited myself to the upstream (E&P) variety as pipelines and midstream (processing) operations are not my normal ballywick. I’m very comfortable dissecting E&Ps and I took a list of 10 and weeded that down to six I might see investing in for the long term.
Where we are in the cycle. The MLPs have been to...
Lehman Brothers owns substantial stakes in nearly every upstream MLP -- more than 10% in several cases. If circumstances force Lehman to dump those units, it might present great buying opportunities for holders with new money and a long term perspective, but really stressful times for current unitholders." This was sadly prescient. Lehman and hedge funds liquidated these stocks with wild abandon. This has been compounded by the mis-perception that when commodity prices soared, the mark-to-market, paper losses on these companies’ hedges...
MIDLAND, Texas, Jul 21, 2010 (GlobeNewswire via COMTEX) -- Legacy Reserves LP (NASDAQ:LGCY) today announced that the Board of Directors of its general partner has approved a cash distribution ...
Legacy Reserves Lp (LGCY) [Chart - Analysis - News] established a new 52-week high yesterday at $24.80. Clearly investors are enthusiastic about the firm's prospects. The rally was accompanied by ...
Legacy Reserves Lp (LGCY) [Chart - Analysis - News] established a new 52-week high yesterday at $24.38. Clearly investors are enthusiastic about the firm's prospects. The rally was accompanied by ...
by Ryan Patel | July 7th Although interest rates and fears about inflation subsided during the most recent correction, investors should be aware of the looming inflation risks down the road ...
By Amanda Smith 7/2/2010- UBS analysts initiated coverage of Legacy Reserves (NASDAQ:LGCY) with a buy rating and $26 price target. Analyst Ronald J. Barone said, "Legacy is an upstream MLP ...
New York, July 2 nd (TradersHuddle.com) ? Following are some of the new analyst ratings before the market open. Atlas Energy (NASDAQ:ATLS), the independent energy company that develops, produces ...
For full details on Legacy Reserves Lp (LGCY) LGCY. Legacy Reserves Lp (LGCY) has Short Term PowerRatings at TradingMarkets. Details on Legacy Reserves Lp (LGCY) Short Term PowerRatings is ...
(Source: Datamonitor)Legacy Reserves, which is engaged in the acquisition and development of oil and natural gas properties, has acquired oil and gas properties located in the Permian Basin for $9 ...
June 11, 2010 (FinancialWire) -- Legacy Reserves LP (NASDAQ: LGCY) has closed acquisitions of oil and gas properties located in the Permian Basin for $9.2 million in three separate transactions ...
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