Replies to post #136 on Legacy Reserves Inc fka LGCYQ

[reaper247]

Wrong again laraz…

Just like predictions of .001 only to see LGCY bounce 100%.

Just like false claims that the new member of the LGCY BOD was fined by the SEC during his time at El Paso (now part of Kinder-Morgan.) Also wrong.

Now we have false claims of toxic financing.

LGCY doesn't have $500M in loans from the Blackstone group NYSE:BX.

Legacy Reserves has secured funding from Blackstone in the form of a simple rotating credit facility.

Anyone who claims that LGCY is $500M in debt to Blackstone is either ignorant of the facts, or intentionally posting false information.

To be clear though, the credit facility from Blackstone is actually $600M.

LGCY currently has a market cap of around $160M which means the credit facility from Blackstone alone is almost 4x the current market cap.

So which outcome seems more likely?

An increase in the price of LGCY to eventually be more in line with Blackstone’s valuation, or predictions of a future Legacy Reserves market cap of roughly $72,000, based on falsehoods and/or ignorance of LGCY’s current financial situation?

For me, this is not a hard choice to make.

GLTU, IMO, FWIW and LOL.