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Posts Tagged With 'LGCY'

Posted by Martin June 11, 2016

Trade Alert – ROTH IRA cash secured put (LGCY)

I am going to open a cash covered put trade (CSP) in my ROTH IRA account on Monday using LGCY stock. The stock has been beaten up severely and I own it at $12.40 a share but it currently trades at $2.24 a share. It paid dividends, but about a year ago it suspended it. Continue reading →

Posted by Martin June 15, 2015

4 Best-Positioned Upstream MLPs: MEMP, VNR, LRE, and LGCY.

Wunderlich Securities analyst Jay Dobson has a pretty glum assessment of upstream master limited partnerships (MLPS). These are exploration and production companies that have been hammered by energy price declines. Dobson writes in a June 15 industry report: The sector has too much debt on average and has suffered from the dramatic decline in oil, Continue reading →

New buy in my ROTH IRA – RWX addition for free

Today, I could once again add one share of RWX to my holdings for free. Yes, saving money for my next dividend purchase could be commission free with a non-transaction fee ETF. I can buy even only one share and it will cost me a zero. Dividends received This week, I received a few more Continue reading →

Posted by Martin April 20, 2015

Legacy Reserves (LGCY) cuts dividend

Legacy reserves cuts its quarterly dividend today to 0.35 down from 0.61 cents. The company originally planned to sustain the dividend as it did in 2008, however, at the end of the day they gave up and reduced the dividend. However, it is apparent that the market expected this cut months ago and already priced Continue reading →

Posted by Martin April 05, 2015

Selling Seadrill (SDLP) & LGCY puts to add stock into my portfolio amid all negative sentiment

It is hard to be buying when everybody is negative on a stock, predicting its further collapse or struggle. These days we see oil exploring companies out of favor. Many had to cut on employment, investment and even vut the dividends. When reading what other investors think about oil companies, you get scary stories, gloomy Continue reading →

Posted by Martin January 26, 2015

Legacy Reserves LP (LGCY) bull put spread trade

Recently one investor asked me a question whether I would consider selling covered calls against my recently purchased shares of Legacy Reserves (LGCY) or not. He was also concerned about the stock and its recent fall in price. I reviewed my holdings as well as my original reasons for the trade and I must say, Continue reading →

Posted by Martin December 17, 2014

New purchase – Legacy Reserves LP (LGCY) MLP with 17.80% dividend yield (ROTH IRA)

New purchase - Legacy Reserves LP (LGCY) MLP with 17.80% dividend yield (ROTH IRA)

A recent sell off of energy stocks provided excellent opportunity to add a few good dividend stocks to investors’ portfolios for great prices which may not repeat again. Well, I wouldn’t say that they wouldn’t repeat again as the opportunity of purchasing Legacy Reserves for this great price actually repeated again. I had a few Continue reading →