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Stock Market & Financial Investment News

News Breaks
November 20, 2012
05:32 EDTMEMPMemorial Production sees FY13 adjusted EBITDA $120M-$124M
Sees FY13 distributable cash flow $78M-$82M
News For MEMP From The Last 14 Days
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August 31, 2015
10:43 EDTMEMPOptions with decreasing implied volatility
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August 20, 2015
05:36 EDTMEMPLegacy Reserves downgraded to Neutral from Buy at UBS
UBS downgraded Legacy Reserve (LGCY) to Neutral after after stress testing upstream MLPs to reflect scenarios in which oil remains depressed and recovery is limited. The firm expects MLPs that are better capitalized, well hedged and less levered to crude oil to outperform. It lowered its price target for shares to $5.50 from $14. UBS coupled the downgrade with an upgrade of Mid-Con Energy (MCEP) to Buy. Other Buy-rated upstream MLPs at the firm are Vanguard Natural (VNR), Memorial Production (MEMP) and Eagle Rock Energy (EROC). Sell-rated names are LINN Energy (LINE) and LinnCo (LNCO).

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