my cost basis is so low and my distributions too great to sell any of my units. if lre goes down, I will just buy more. it is cheaper than anything else in my portfolio while making me more money than anything else in my portfolio.
75 million out of 442 million market cap is a rather high percentage to do it at the market pricing which will keep LRE down for quite a long time till the new shares find a home.
Take the time and read the new filing
LRR Energy, L.P.
Representing Limited Partner Interests
Having an Aggregate Offering Price of Up to $75,000,000
This prospectus supplement and the accompanying base prospectus relate to the offer and sale from time to time of common units representing limited partner interests in LRR Energy, L.P. having an aggregate offering price of up to $75,000,000 through MLV & Co. LLC, as our sales agent. These sales, if any, will be made pursuant to the terms of the at-the-market issuance sales agreement, or sales agreement, between us and the sales agent, a form of which has been filed previously as an exhibit to a Current Report on Form 8-K.
Under the terms of the sales agreement, we may also sell common units to the sales agent as principal for its own account at a price agreed upon at the time of the sale. If we sell common units to the sales agent as principal, we will enter into a separate agreement with the sales agent, and such agreement will be described in a separate prospectus supplement or free writing prospectus.
Our common units are listed on the New York Stock Exchange, or NYSE, under the symbol "LRE." The last reported sales price
This can be good for company short term but impact the stock price. What do you think
I would have thought the secondary was over by now but today we have a .50 drop on no news in a flat market???? what going on?
I added yesterday. Texas is the place to be. Just like an stacked oil chocolate layer cake.
doesn't matter in the grand scheme of things. even if they do, it will mean they have something to buy and I will get more cheap shares - and more great distributions. quit trying to use us to scare everyone and make money on your short positions.
thanks for the little dip. great time to buy and hold another few thousand or so shares and just in time for the distribution! I gathered as many cheap shares of vnr, as I could, have been holding them and now they have been going up just like b&w said they would. what a blessing he and his methods are continuing to be to me. love lre's continually rising distribution in spite of whatever analyst comes out against this great for me stock!
I'm not sure what a new accounting officer can do for us, but maybe she can obtain better financing on loans she left the other place (Goodrich) and had basically the same job. both jobs are in Houston so not a huge relocation problem. seems too old to be a corporate #$%$ so maybe a good thing for LRE