Legacy Reserves, Inc. (LGCYQ)
|Net Income (ttm)||n/a|
|Trading Day||Jan 31, 2020|
|Day's Range||0.0037 - 0.0037|
|52-Week Range||0.0025 - 2.2800|
Legacy Reserves Inc has made a Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of Texas.
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Legacy Reserves to file for bankruptcy as oil and gas price downturn prompts financial restructuring
Legacy Reserves Inc.'s stock plunged 42% in active premarket trade Tuesday, after the oil and gas company said it expects to file for bankruptcy, in an effort to facilitate the implementation...
Investors need to pay close attention to Legacy Reserves (LGCY) stock based on the movements in the options market lately.
Legacy Reserves, an independent energy company, engages in the acquisition, development, and production of oil and natural gas properties in the United States. It focuses on the horizontal development of unconventional plays in the Permian Basin and the management of shallow-decline oil and natural gas wells in the regions of Permian Basin, East Texas, Rocky Mountain, and Mid-Continent. As of December 31, 2018, the company had proved reserves of approximately 164.9 million barrels of crude oil equivalent covering natural gas, as well as oil and... [Read more...]
Oil & Gas Production
James Daniel Westcott
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