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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:00 EDTVNRVanguard Natural files to sell Series B Preferred units
Morgan Stanley, UBS Investment Bank, Barclays, Stifel, Credit Suisse and MLV & Co. will act as joint book-running managers for the offering.
News For VNR From The Last 14 Days
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August 21, 2015
10:36 EDTVNROptions with increasing implied volatility
Options with increasing implied volatility: PTCT UVXY VIX VXX SVXXY SRPT TZA UPRO VNR SPXU
August 20, 2015
05:36 EDTVNRLegacy 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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