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Atlas Resource Partners, L.P. Message Board

  • davidbdc2001 davidbdc2001 Dec 6, 2012 3:54 PM Flag

    $22 is attractive price

    I bought some additional units today. Given the expected distributions next year its over a 10% yield. And I fully expect there is at least one more deal to be done for ARP in the next month or two.

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    • I have a gtc order in to buy at $21.80. Almost got a fill today. I will buy more if it heads into the 20's. The distribution increase will support a higher price.

      Sentiment: Buy

    • Only according to Ed Cohen.Secondary mishandled and now represents overhead.!

    • Agreed. Picked some up a little higher than current price. I think they are going after Pionner's and/or Quicksilver's Barnett assets. They already have done business with Pioneer on the APL side. Just like they did business with DTE years ago when they bought the Antrim business from DTE.

      The drilling partnership business brings in $40-$50 million via up front mark up fees, administrative fees, working interests and acreage sales. The real beauty of ARP relative to many of the other E&P MLPs is they are getting a carried interest in the $300 million a year that they raise in private funds.

      They also are buying gas assets at very attractive prices which should give them a lot of upside. Being able to buy assets that are low in the PDP range gives them an advantage over other MLPs that seek high PDP. ARP can sell off that acreage to the partnerships and prove it up.

      Is this one going to, not likely any time soon...but I do expect a slow and steady recovery back into the high $20's over the next year as the distribution gets bumped upwards.

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