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Atlas Energy Group, LLC Message Board

  • bosox_pats bosox_pats Apr 14, 2012 5:49 PM Flag

    Morgan Stanley Report

    Morgan issued a research report on the ATLS complex. The report was lengthy and extensive. They raised their 12-month price target on ATLS from $34 to $50 per unit based on an annual distribution exit run rate of $2.39 and a 4.5% yield. Very bullish on ATLS, overweight on APL and neutral on ARP. The report was issued on April 10th. I was wondering why ATLS was marching higher in a lousy market as I was traveling.

    Interestingly, the 12-month price target for ARP was set at $32, not bad from here. They are expecting NG price to normalize at around $4 in 2013.

    ATLS IS GOING TO BE A MONSTER. This is like owning a sector oriented hedge fund with a 2% control and a 50% carried interest through the IDR. Management owns ATLS, they have done it before and they are money makers. You definitely want to own what the Cohen's own. I wouldn't be surprised if the units hit $75 - $100 late 2013. This is a win-win with this name. While gas prices are low, they can buy producing gas properties on the cheap. Then when gas prices normalize, they will benefit from cash flowing into the sector.

    Enjoy this one. I'm long 200,000 units..........

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