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Atlas Resource Partners, L.P. Message Board

  • jberns2421 jberns2421 Feb 14, 2014 11:38 AM Flag

    New Acquisition

    What do we think about this 107 million dollar acquisition that was a made today in Wesr Virginia?

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    • I don't know any of the details but the headlines certainly suggest the type of deal we should be doing.
      Small, close to other production, and accretive immediately.

    • Well, with the limited data provided, it certainly looks like the kind of deal that most of us expected/hoped they would be making. Looks to be priced competitively, overlaps with an existing area of operations (think synergy) and isn't terribly large (lower risk, easier to integrate).

      Accretion is probably minor but hey, every bit helps.

    • ifishnski Feb 14, 2014 12:23 PM Flag

      I am a newbie to this stock...been buying from the 19's on up to 21.49...will they do a SPO to pay for this like a BBEP would?

      • 1 Reply to ifishnski
      • One would think the risk of an SPO increased. They didn't mention anything how they would pay for it in the press release, so I would look to the SEC 8-k filing to see. Typically, MLPs borrow from their credit lines initially and then do an spo to pay down the credit line. They also may be waiting until they announce their earnings in the next few days in the hopes that there is good news there that will boost the stock price and allow them to do an offering at a better price. With all of these deals and distribution increases, they really haven' t been able to raise the stock price that much which is a key to doing more accretive deals.

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