Vanguard Natural Resources Inc. (fka VNRRQ)

[legalizeMJ]

Link:Q2 results:BAD, VERY BAD. BANKRUPTCY is coming.

https://finance.yahoo.com/news/vanguard-natural-resources-llc-reports-210000780.html

We reported a net loss attributable to Common and Class B Unitholders for the quarter of $267.5 million or $(2.04) per basic unit

BANKRUPTCY: Here's the quote from its Q2 report.

The Tenth Amendment also includes, among other provisions, a one-time current ratio waiver for the second quarter of 2016, an increase in the mortgage requirement from 80% to 95% and an additional Event of Default clause. An Event of Default would occur should the Company make any payment of principal, accrued interest or fees to any Senior Notes or Second Lien Debt on or after September 15, 2016

VNR is a Strong SELL!