LGCY News 26.20 Legacy Reserves LP (LGCY)

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Legacy Reserves LP (LGCY) 26.20 $LGCY

This Disliked Greenhouse Gas Is Fueling Solid Returns for Kinder Morgan Investors
Matt DiLallo, The Motley Fool - Motley Fool - Mon Apr 14, 12:18PM CDT
Source: Kinder Morgan. Carbon dioxide gets a bad rap. As a byproduct of burning fossil fuels, it receives most of the blame for climate change. However, it actually has a lot of value to oil companies, especially when it comes to getting more oil...

Legacy Reserves LP Announces Pricing of Series A Preferred Units
GlobeNewswire - Thu Apr 10, 4:37PM CDT
Legacy Reserves LP (Nasdaq:LGCY) ("Legacy" today announced the pricing of its public offering of 2,000,000 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units ("Series A Preferred Units" at a price of $25.00 per unit. The underwriters have been granted a 30-day option to purchase up to an additional 300,000 Series A Preferred Units from Legacy at the public offering price less the underwriting discount. Distributions on the Series A Preferred Units will be payable at a rate of 8% per annum of the stated liquidation preference of $25.00 from the date of issuance up to (but excluding) April 15, 2024, and from (and including) that date at a floating rate equal to three-month LIBOR plus a spread of 5.24% per annum. The offering is scheduled to close on April 17, 2014.

Legacy Reserves LP Announces Public Offering of Series A Preferred Units
GlobeNewswire - Thu Apr 10, 8:23AM CDT
Legacy Reserves LP (Nasdaq:LGCY) ("Legacy" today announced that it has commenced a public offering of Series A Preferred Units pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC" . Legacy will grant the underwriters a 30-day option to purchase additional Series A Preferred Units. It is anticipated that the preferred rate will be fixed for 10 years from the date of original issuance of the Series A Preferred Units and thereafter will be adjusted on a monthly basis based on a spread to three-month LIBOR. Legacy intends to use the net proceeds of this offering to fund a portion of pending acquisitions of certain oil-weighted properties located in Chaves County, New Mexico and Sheridan County, Montana and for general partnership purposes, which may include temporary repayment of outstanding borrowings under its revolving credit facility. Stifel, Barclays and MLV & Co. will act as joint book-running managers of the offering. Janney Montgomery Scott and Ladenburg Thalmann & Co. Inc. will act as co-managers of the offering.

Legacy Reserves LP to Present at IPAA's 2014 OGIS New York
GlobeNewswire - Wed Apr 02, 8:56AM CDT
Legacy Reserves LP ("Legacy" (Nasdaq:LGCY), today announced that Cary D. Brown, Chairman, President and Chief Executive Officer, and James Daniel Westcott, Executive Vice President and Chief Financial Officer, will present at IPAA's 2014 Oil and Gas Investment Symposium (OGIS) in New York on Monday, April 7, 2014, at 10:30 AM ET. The presentation slides and webcast will be available on Legacy's website at www.LegacyLP.com.

1 Company Using More Carbon Dioxide to Fuel Dividend Growth
Matt DiLallo, The Motley Fool - Motley Fool - Thu Mar 27, 12:05PM CDT
Legacy Reserves LP announced yesterday that it was paying $112 million to make two bolt-on acquisitions. The MLP is picking up oil properties in New Mexico and Montana with an aim to grow its already enormous distribution to unit holders. Let's...

Legacy Reserves LP Announces Two Bolt-On Acquisitions
GlobeNewswire - Wed Mar 26, 3:41PM CDT
Legacy Reserves LP ("Legacy" (Nasdaq:LGCY) today announced it has entered into separate agreements to purchase oil-weighted properties in Chaves County, New Mexico and Sheridan County, Montana for a combined $112 million. These properties produce approximately 890 Boe per day, contain estimated proved reserves of approximately 9.0 MMBoe, are approximately 95% oil, and are over 95% operated. The closings of these transactions are expected to occur in the second quarter, and the purchase prices remain subject to customary adjustments. Legacy anticipates funding these transactions with borrowings under its revolver.

Downgrade Alert for Legacy Reserves (LGCY)
Comtex SmarTrend(R) - Tue Mar 25, 7:00AM CDT
Legacy Reserves (NASDAQ:LGCY) was downgraded from Neutral to Underweight at JP Morgan today. The stock closed yesterday at $25.24 on volume of 290,000 shares, above average daily volume of 201,000. Legacy Reserves (NASDAQ:LGCY) has potential upside of 18.9% based on a current price of $25.24 and analysts' consensus price target of $30.00. The stock should find initial resistance at its 50-day moving average (MA) of $26.80 and further resistance at its 200-day MA of $27.12.

Legacy Reserves Earnings In Retrospect: Down 2.0% in the Last 19 Days (LGCY)
Comtex SmarTrend(R) - Mon Mar 10, 7:57AM CDT
Two weeks ago on February 19th, 2014 Legacy Reserves (NASDAQ:LGCY) reported earnings and analysts, on average, expected earnings of $0.32 on sales of $125.2 million. Legacy Reserves actually reported a loss of $0.16 per share on sales of $122.0 million, missing EPS estimates by $0.48 and missing revenue estimates by $3.2 million. Since the company's report, shares of Legacy Reserves have fallen from $27.41 to $26.86, representing a loss of 2.0% in the past 19 days.

5 Toxic Stocks to Sell in March
at The Street - Fri Mar 07, 10:09AM CST
It's time to unload these stocks from your portfolio.

What Investors Need to Watch When BreitBurn Energy Partners L.P. Reports Earnings
Matt DiLallo, The Motley Fool - Motley Fool - Wed Feb 26, 10:00AM CST
Photo credit: Flickr/ Robert Ashworth   High yielding oil and gas producer BreitBurn Energy Partners L.P. is expected to deliver its fourth-quarter and full-year results on Thursday Feb 27. That report should wrap up what turned out to be a...

Construction in Qatar - Key Trends and Opportunities to 2017
M2 - Wed Feb 26, 4:12AM CST
Research and Markets (http://www.researchandmarkets.com/research/2c2lwn/construction_in) has announced the addition of the "Construction in Qatar - Key Trends and Opportunities to 2017" report to their offering. The Qatari construction industry recorded a review-period CAGR of 0.07%. The government has invested considerably in developing the country's tourism, education and infrastructure, which led to growth in the industry. However, growth was hampered by the impact of the financial crisis, which reduced the demand for residential and commercial construction projects due to a lack of confidence among private investors. The outlook for construction is favorable, as a result of Qatar hosting the FIFA 2022 World Cup, resulting in the government's focus on infrastructure and residential construction. The industry's output is expected to record a CAGR of 5.50% over the forecast period. Key Highlights - Growth in the construction industry has been strong since the second quarter of 2012. In real terms, output expanded by an average of around 11.0%, from 9,543 in the second quarter of 2011 to 10,635 in the second quarter of 2012. The outlook is also positive, with the government's five-year development plan for the country supporting the construction industry by allocating QAR455 (US$125 billion) for development projects during 2011-2016. Of the total, QAR236.6 billion (US$65 billion) will be spent on infrastructure projects, and the remaining QAR218.4 billion (US$60 billion) on residential, commercial and LNG construction projects. - The 2022 FIFA World Cup is expected to be a key driver for industry growth over the forecast period, with a number of infrastructure projects expected to be undertaken by the government in preparation for the event. The government plans to spend QAR580.8 billion (US$160 billion) on these projects, representing 40% of its 2012-2016 infrastructure projects budget. - The government is also undertaking three large-scale railway projects over the forecast period: the metro rail network in Doha, the over ground railway service to cover the entire country, and the Gulf Cooperation Council (GCC) railway project. The combined cost of these rail projects is expected to be QAR133.5 billion (US$36.6 billion). The projects are expected to support the expansion of the construction industry over the forecast period. In addition, Doha is set to construct a new port to the value of QAR1.01 billion (US$301 million). Hyundai Engineering and Construction announced in August 2013 that it had won a share of the project, valuing QAR677 million (US$186 million), with work expected to be completed in 30 months. A QAR4.5 billion (US$1.23 billion) contract to dredge the approach channel was awarded to the Middle East Dredging Company. - Construction growth will also be driven by the Qatar National Vision 2030, through which the country looks to become a developed nation by diversifying its economy, achieving sustainable development and providing a high standard of living for its population. The government plans more than QAR237 billion (US$65 billion) on infrastructure spending until 2016, with investments by Barwa and Qatar Diar for residential and business construction projects, and also by the Qatar Foundation with Sidra Hospital and Education City in health and education. Key Topics Covered: Executive Summary Market Overview Commercial Construction Industrial Construction Infrastructure Construction Institutional Construction Residential Construction Company Profile: Khayyat Contracting & Trading Company Profile: Medgulf Construction Company (WLL) Company Profile: Qatar Engineering & Construction Company WLL Company Profile: HBK Contracting Company WLL Company Profile: Bilfinger Berger Qatar WLL Market Data Analysis Appendix List of Tables List of Figures For more information visit http://www.researchandmarkets.com/research/2c...ruction_in About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Legacy Reserves LP Announces 2013 Schedules K-1 Available
GlobeNewswire - Wed Feb 19, 3:50PM CST
Legacy Reserves LP ("Legacy" (Nasdaq:LGCY) announced today that it has completed the 2013 tax packages for its unitholders including Schedules K-1. The tax packages are currently available online and may be accessed via Legacy's website at www.LegacyLP.com by clicking on the "Tax Information" link on the website. Legacy will begin mailing the Schedules K-1 to unitholders on Friday, February 21, 2014. For additional information, unitholders may also contact Legacy's K-1 Partner Data Link call center toll free at (877) 504-5606 between 8:00 a.m. and 5:00 p.m. CST Monday through Friday.

Legacy Reserves LP Announces Fourth Quarter 2013 Results, Annual 2013 Results and 2014 Guidance
GlobeNewswire - Wed Feb 19, 3:44PM CST
Legacy Reserves LP ("Legacy" (Nasdaq:LGCY) today announced annual and fourth quarter results for 2013 as well as financial guidance for 2014. Financial results contained herein are preliminary and subject to the audited financial statements included in Legacy's Form 10-K to be filed on or about February 21, 2014.

Get Paid Almost 1% Each Month With This Oil Stock
Matt DiLallo, The Motley Fool - Motley Fool - Wed Feb 12, 12:20PM CST
With a distribution that currently yields about 11.2%, QR Energy L.P. certainly has the attention of income-seeking investors. That yield is one of the largest among its MLP oil and gas peers . At first glance, it might seem a bit too large; so...

Your Guide to Enormous Oil and Gas Dividends
Matt DiLallo, The Motley Fool - Motley Fool - Thu Feb 06, 12:14PM CST
Oil and gas MLPs offer investors enormous cash distributions. Some of the smaller MLPs like Legacy Reserves  , QR Energy  , Atlas Resource Partners  , Eagle Rock Energy Partners  , and Memorial Production Partners   offer yields of more than...

5 With Upcoming Ex-Dividend Dates: LGCY, EWBC, PNW, PAYX, C
at The Street - Wed Jan 29, 9:00AM CST
LGCY EWBC PNW PAYX C are going ex-dividend tomorrow, Thursday, Jan. 30, 2014, 5:00 AM ET

Legacy Reserves LP Increases Quarterly Cash Distribution to $0.59 Per Unit and Schedules Conference Call to Report Fourth Quarter and 2013 Year-End Results
GlobeNewswire - Fri Jan 24, 6:01PM CST
Legacy Reserves LP ("Legacy" (Nasdaq:LGCY) today announced that the Board of Directors of its general partner has approved a cash distribution attributable to the fourth quarter of 2013 of $0.59 per unit, payable on February 14, 2014, to unitholders of record at the close of business on February 3, 2014. This quarterly distribution is a $0.005 increase from the prior quarter and represents an annualized distribution of $2.36 per unit. This marks the 13 consecutive increase in Legacy's quarterly distribution.

Cimarex (XEC) Jumps: Stock Adds 7.1% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 15, 8:46AM CST
Cimarex was a big mover last session, with shares rising over 7%.

SandRidge to Divest GoM Assets - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jan 09, 2:50PM CST
SandRidge Energy recently announced the sale of its Gulf of Mexico assets to Fieldwood Energy for a cash consideration of $750 million
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