The conference call was incredibly bullish. Morgan Stanley piled on by raising 12 month price target to $55. Important as MS has the biggest broker network in US. The 2013 distribution guidance of $1.70 - $2.00 is based on current assets. Additional assets acquired by ARP/APL will only add to the distribution at ATLS. In any case, if we go out at $2 for 2013, probably annualizing around $2.40 at year-end.
These units are headed much higher!! Enjoy the ride!
Actually the MS analyst assumed 270 million in 2013 acquisitions at ARP, but they did 700 million last year and Cohen indicated that they would do do more than that this year in the call. So agree MS analyst is being conservative and agree there is reason to be very bullish on ATLS. Thanks for all of your comments on this name