3rd time already. Yes TRGP is the stock I expected to get in the merger and it is the stock delivered to me in the merger. TRGP magicaly appeared in my account yesterday. No one but you was confused about what they were getting. Take the hint.
Dude. TRGP is what you will get. TRGP's LEGAL name is Targa Resources Corporation.. It is what I and everyone else expected to get. It is what is sitting in my account as we speak. this isn;t rocket science. Stop trying to make things so difficult.
I added a small amount as well. I'm not buying a lot of anything energy right now. Nibbling here and there. they have a lifeline here. Don't screw it up.
Did anyone hear what was said comparing the Parker and Nettles wells in the oil window?
I almost gagged when Walker said he was spending most of his time on the UEO sale. I had flashbacks to multiple conference calls where he said he was spending all his time on the Utica Monetization.
My ATLS shares appeared before the open. My cash and TRGP shares appeared just after lunch time.
You are the only one I know of that is confused. The terms of the merger were very clear. As for the selloff, you must not follow too many MLP's or energy names.
$9.86 218,000 shrs traded Wish I was quicker yesterday and saw the sub $8.35 offers
.1809 x TRGP
.50 x ATLS (1/2 share ATLS)
ATLS.WI closed at $9.50 on volume of 1.445 million shares
That's all true. Midstream will no doubt be a taxable long term capital gain to unitholders. Any land sales, potentially could be 1031 non taxable swaps. That was always the plan anyways. No guarantee, especially with these guys..
ARP cuts their distribution. ATLS stub now projects 70-80 cents annual. That first pro-rated distribution is going to be a real slap in the face
Long time ATLS holders they've been buying heavily this past month. See Form 4 released on Friday. Cooperman had a bad year last year, but he's making a big bet on ATLS
The split is fine. 3-1 or 4-1 would have been better to me, but this is fine. ATLS unitholders will receive the full value of the stub, regardless of how many shares at whatever they price it. As for the Cohens, I'm no big fan. But I will end up with a much larger TRGP stake than I have now and I'll have a much smaller position that has the Cohens involvement. Though I don't have a lot of confidence in their management and predictions, I do think the street is mis pricing this deal, helped along by the energy crash.
I currently own both TRGP and ARCX. ARCX is very thinly traded. I wouldn't be surprised to see lightfoot lighten up it's holdings of ARCX to raise funds. It wouldn't be the worst thing for ARCX due to it's illiquidity. that would be cash to the stub for distributions or aquisitions.
The Board of Directors of the Partnership's general partner has declared a distribution of one Atlas Energy Group common unit for every two Partnership common units held at the close of business on Wednesday, February 25, 2015, the previously announced record date of the distribution. Cash will be received in lieu of fractional units of Atlas Energy Group. The distribution of Atlas Energy Group units is expected to be effective on Saturday, February 28, 2015 in conjunction with the previously announced proposed mergers of the Partnership and Atlas Pipeline Partners, L.P. (APL) ("Atlas Pipeline" or "APL") with Targa Resources Corp. (TRGP) ("TRC") and Targa Resources Partners LP (NGLS) ("TRP"), respectively. The distribution (and the related record date) is subject to the satisfaction or waiver of the conditions described below and in the information statement
I wouldn't sweat it. it was a 200 share trade where someone likely tried to put in a sell order for 97 and transposed it to 79. it happens. The trade immediately prior was an hour earlier at $96.34. That's why it pays to put in stink bids to catch errors like that (assuming the trade doesn't get busted) Put in a GTC buy order for $85. Likely never get filled. But then you might catch an order like today.