And where is the SEC in all of this market manipulation scheme? It is rather obvious that Hedgeye is a shill ( as is Barrons) for playing the individual investor as suckers, taking advantage by publishing false and misleading information to move stock pricing. Those in on the inside of this game are stealing the small investor blind.
TPP - The biggest problem is the tweet came out on Monday and 48 hours later Hedgeye has published NOTHING. Only the comment about being a Ponzi scheme. Nothing misleading only a promise of info to come. Hard to defend yourself in this situation. It is like being arrested and the police telling you they will tell you in 3 days what you are charged with. Unethical!
Wells Fargo defended Outperform-rated on Atlas Energy (NYSE:ATLS) and Atlas Pipeline Partners L.P. (NYSE: APL). Earlier Hedgeye recommend shorting the stocks.
Analyst Praneeth Satish said, "APL and ATLS are under pressure today as a result of an independent research firm placing the stocks on the firm's short list (report with details to be released Thursday). The firm, which previously targeted other MLPs including LINE and KMP, cited a number of issues as part of its short thesis on Atlas including the presentation of certain non-GAAP financial measures. We believe APL is consistent with other midstream MLPs in its maintenance capital calculation (estimated to be 8% of 2014E EBITDA, which is in line with the peer group median). Additionally, APL utilizes a conservative approach to accounting for its derivative program, which includes expensing the cost of options in its DCF calculation."
"Operationally, we believe volumes in APL's West Texas region could be ramping ahead of our expectations, which could offset weakness in the partnership's Eagle Ford system. There is no change to our Outperform ratings on APL or ATLS. We continue to believe APL is well positioned to benefit over the long term from higher NGL prices tied to the buildout of LPG export capacity in the U.S. Gulf Coast," he said.