Vanguard Natural Resources LLC (VNR, Financial) filed Amended Quarterly Report for the period ended 2008-03-31.
Vanguard is an independent natural gas and oil company focused on the acquisition exploitation and development of natural gas and oil properties. Vanguard?s assets consist primarily of producing and non-producing natural gas reserves located in the southern portion of the Appalachian Basin primarily in southeast Kentucky and northeast Tennessee. Vanguard Natural Resources LLC has a market cap of $68.75 million; its shares were traded at around $5.55 with a P/E ratio of 4.01 and P/S ratio of 2.03. The dividend yield of Vanguard Natural Resources LLC stocks is 35.34%.
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10-year financial history of VNR.
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Vanguard is an independent natural gas and oil company focused on the acquisition exploitation and development of natural gas and oil properties. Vanguard?s assets consist primarily of producing and non-producing natural gas reserves located in the southern portion of the Appalachian Basin primarily in southeast Kentucky and northeast Tennessee. Vanguard Natural Resources LLC has a market cap of $68.75 million; its shares were traded at around $5.55 with a P/E ratio of 4.01 and P/S ratio of 2.03. The dividend yield of Vanguard Natural Resources LLC stocks is 35.34%.
Highlight of Business Operations:
The Company has restated its consolidated unaudited quarterly financial statements for March 31, 2008 and June 30, 2008 to reflect the inability to qualify for hedge accounting treatment. The effect of the restatement is to recognize a non-cash mark to market unrealized loss on commodity derivatives of $20.2 million in the first quarter of 2008 and a non-cash mark to market unrealized loss on commodity derivatives of $52.2 in the second quarter of 2008. The restatement does not impact the economics of the hedge transactions nor does it affect the Company s cash flow, liquidity, total assets, total liabilities, or members equity in any historical or future period. The restatement did not have any impact on any of the Company s financial covenants under its reserve-based credit facility. Details of the restatement are indicated in Note 1 to the Consolidated Financial Statements.Read the The complete ReportMore on VNR:
Gurus buys and sells of VNR
10-year financial history of VNR.
Insider buys/sells of VNR.
