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Vanguard Details 4Q Results; Outlook for 2016
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Vanguard Natural Resources, LLC reported financial and operational results for the full year and fourth quarter ended December 31, 2015.
Mr. Scott W. Smith, President and CEO, commented, "2015 was a challenging yet exciting year for the Company. We negotiated and closed two impactful mergers, the results of which include a 30% increase in our production, additional hedges on oil, natural gas and natural gas liquids and a quality group of employees that will allow us to successfully manage our expanded asset base and position us for future growth. Notwithstanding these positive events, the challenges we face as a result of the continued collapse in commodity prices necessitate we take further actions to strengthen our balance sheet by retaining our cash flow. Our recently completed debt…
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