Vanguard Natural Resources Inc. (fka VNRRQ)

[RyGuy]

I thought I would put together some comparable figures with other VNRR peers to show where it could potentially be valued.

I looked up other Oil & Gas Production and Exploration companies, and found the most appropriate comparables to be on page 4 of this list. This page has the closest and comparably sized peers to VNRR, in terms of annual revenues.

NASDAQ screener page:

https://www.nasdaq.com/screening/companies-by-industry.aspx?industry=Energy&sortname=marketcap&sorttype=1&page=4

I pulled the statistics for each company from Yahoo Finance.

https://finance.yahoo.com/quote/VNRR/key-statistics?p=VNRR

Below are the comparables. They are all based on today's closing prices 03/19/2019.

Assuming VNRR continues to improve and reduce debt, right now the first level most appropriate comparison in my opinion appears to be Amplify Energy (AMPY). This really is the first level, and means VNRR in my opinion could possibly be destined for a 20 times multiple. ?!?!?!

A Penn Virginia comparison is even more compelling.