Fri, Jul 11, 2014, 2:16 PM EDT - U.S. Markets close in 1 hr 44 mins


% | $
Quotes you view appear here for quick access.

Atlas Energy, L.P Message Board

  • harehau harehau Oct 22, 2013 12:00 PM Flag

    '16 value

    Not too long ago, we were talking about a $5 dist payout in '16. I am in the camp that we will see long term interest rates at lower levels for a long time to come. And that ATLS will get back on track, the risk is the Cohens, seems they would have learned by now, but who knows. $5 in '16 at a 3% yield, not unreasonable for an expanding well managed GP MLP, $166 per unit. You could see why someone might step in with a 50% premium offer now. Not impossible. There aren't too many smaller GP opportunities out there.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I like optimism, but I see no clear path to a $5 payout in 2016.

      Next year will be our first over $2 in distributions. Two years later we'll have 250% growth?

      I hope next year brings $2.50+ followed by something over $3 the following year and $3.50 the year after that. Anything else is gravy. SO MUCH has to happen between now and then that all the analysts numbers are just that - numbers.

      Lets see how the next few quarters go before assuming we'll see that kind of growth.

      • 1 Reply to davidbdc2001
      • davidbdc2001,

        I think the ARP debacle will hurt ATLS a lot more than people realize.

        ARP was supposed to be at $2.60, instead they are at $2.24. That's a huge miss. It also hurts the leverage significantly at ATLS. High splits at $2.40. A $2.60 distribution would have meant another$.27/unit of IDR take, on 67 million units, or $18 million to ATLS, plus the LP distributions.

        Instead, we are at $.56 with APPROXIMATE 1.0x coverage, which is Cohen speak, means 1.06x

        It is going to take several years for ARP to get out of this rut. I think they have to get a much better equity price before they can make accretive deals. Otherwise, they must grow organically, and we all know how long that will take.

42.52-0.400(-0.93%)2:08 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.