Vanguard Natural Resources' Near-Term Success May Be Partly Due To Its Great Choice Of Partners
Aug. 11, 2014 8:52 AM ET | About: Vanguard Natural Resources, LLC (VNR), Includes: QEP, UPL
Disclosure: The author has no positions in any stocks mentioned, but may initiate a long position in VNR over the next 72 hours. (More...)
Summary
•VNR's recent Pinedale acquisition is as a non-operating partner of low cost specialist UPL. This could be a great profit and learning experience for VNR.
•VNR reported 44% production growth year over year for Q2 2014; but it had a drop in the distribution coverage ratio of 1.05x to 0.90x.
•VNR reported a 22% increase in EBITDA to $97.7 million year over year.
•Read further to learn further details, It is a story worth knowing.
rest of the story---
http://seekingalpha.com/article/2408945 ... s?uprof=46