Not sure if you meant commodity or stock price but either way they are connected. Legacy is a good operator with long term viability in my opinion. The oil price market though is far from rebalancing like originally hoped. The market may take another significant step down before we beefing the upward trend. That said it will create buying ops and averaging down ops when it does.
Legacy Reserves (LGCY -4.5%) is downgraded to Underperform at Oppenheimer, which says units are worth far less than the current price if oil prices do not rebound.
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