Legacy Reserves LP (NASDAQ: LGCY) has filed to offer up to $500 million in limited partnership interests and debt securities.
The independent oil and natural gas limited partnership acquires and develops properties in the Permian Basin and Mid-continent regions of the U.S.
Their current market cap sits at $614 million, making this offering relatively large, nearly doubling the current market cap (depending on the break-down of units). So far its shares (units) are up almost 1% on thin trading volume to $20.88 in early morning trading. The 52-week trading range is $17.95 to $30.42.
Rachel Lopez
April 7, 2008
Smart Investors Are Quietly Loading Up on These “Dividend Legends” (Sponsored)
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
