Dividend Stream
Long only, long-term horizon, growth at reasonable price, dividend investing

Vanguard Natural Resources: Acquisition Marks A Big Change

Those who follow Vanguard Natural Resources (NYSE:VNR) likely already know that the partnership has announced and closed on its largest single acquisition to date. Early this month Vanguard closed on a $581 million plan to acquire 14,000 net acres of high-margin, dry gas producing land in the Jonah and Pinedale fields of Wyoming. The basics of the deal are as follows:

    A 10% average working interest on 87,000 gross acres. 113.4 million cubic feet equivalent of production per day, Of which 80% is dry, natural gas, 4% is oil and 16% is natural gas liquids. The seller, Anadarko, a major independent oil and gas producer, sold this acreage to invest in US shale plays and in the Gulf ...
Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details