Vanguard Natural Resources Inc. (fka VNRRQ)

[56Chevy]

A better understanding of what's been happening with the Oil & Gas industry should be noted here.

· A whopping 167 oil & gas companies have filed bankruptcy in just the last 3 years.

· Of those 167 15% of them had to file again (unofficially known as a "chapter 22" bankruptcy).

There will be more ch 22's especially among company's that have a large percentage of their properties in NatGas.

VNR's "ch 22" filing has been a near certainty ever since they emerged from bk in 2017. A 2 year glance at the daily pps alone should have told anyone wanting to get in this the restructuring in 2017 was woefully inadequate. VNR fell from over $20 @ share to .20 cents in under 2 years....a rock doesn't fall out of the sky that fast!

Marker:
Vanguard Natural Res (VNRRQ)
0.017 down -0.00. (-5.56%)
Volume: 101,012