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Legacy Reserves LP Message Board

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  • carchandco51 carchandco51 Dec 12, 2012 7:23 PM Flag

    New 52 Week Low Stock Price

    More oil piling up with no infrastructure to send it to a better market. Good for rental property owners, drillers, service cos., and workers but a price depressor for oil. Someone please educate me how wells that avg. less than 3 bbl/day of actual crude is a going concern. Production costs will eat up a lot of the profit. This deal was almost half of the previous MC but added production is no where close to that. Hope for $100 crude not the 65 mentioned in another post.

 
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