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Legacy Reserves LP Message Board

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  • carchandco51 carchandco51 Mar 10, 2011 3:55 PM Flag

    Less Hedged, More Upside From Higher Oil

    Jim, not disagreeing with info from the 10K but from the chart on the news release about the purchase from Concho Resc. in late 2010 it looks like production from that single purchase exceeds the 2010 hedge of less than 210k bbl. (1400 boed x 47% oil).The price doesn't look too good today but is a good price in this volatile market. Hedging near $90 should put a firm base under the distribution.Let me know if I am missing something.

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