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Legacy Reserves Has Risen ~45% from the Lows in May

Kurt Gallon
Legacy Reserves Has Risen ~45% from the Lows in May

Legacy Reserves (LGCY) has seen a steep decline from its YTD (year-to-date) highs mainly due to weakness in crude oil prices and the wider WTI Cushing-WTI Midland spread. Since then, Legacy Reserves has seen a strong recovery. The partnership has risen 45.4% from last month’s low.