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Legacy Reserves LP Message Board

  • rrb1981 rrb1981 Nov 6, 2013 5:23 PM Flag

    Another solid Quarter

    I maintain my assertion that Legacy Reserves is likely the best run E&P MLP.

    Management continues to execute on their primary objective of distribution stability while also keeping the balance sheet strong, removing commodity price fluctuations by means of hedging at attractive prices and by running with a strong coverage ratio, allowing them to weather operational upsets while reinvesting that cash back into the business for growth.

    You might not get oversized capital gains with Legacy, and in fact, I'd contend that you'll likely be very upset if you expect this to be a high flyer, but it should be a cornerstone type holding for anyone that is assembling a portfolio of high yielding MLPs.

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