Friday, June 11, 2010

Nat Gas update: VNR

Vanguard Natural Resources LLC
Thursday, June 3, 2 pm Eastern: 21.24
Friday, June 11, close: 22.52
Gain: +6.03%
Candlestick analysis: "Buy Confirmed" today at 22.18 (American Bulls)
Summary: Margins, returns, all down, but overall not too bad. Revenues of $56.9 million with debt of $131 million. I don't like that total cash is miniscule ($117K) and that a company with so little revs and cash pays its CFO $2.37 million. They don't even list what the CEO is paid. Those facts make VNR a major red flag. 

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