How much will ATLS collect on the IDR's from APL in the next year? Answer is very little. 2% plus whatever shares they own plus very little until after .70 . This is why ATLS went from the high 50's to 41. They will get IDR's once ARP goes over .60, but they also fell short of the .65 they promised 2 quarters ago. In order to get APL above .70 and ARP above .60 we will see just a little upside in ATLS with the distribution increase……..
As ARP and APL issue more shares ATLS buys those shares on the offering and it has to pay to keep the same 37% in ARP's case. So they buy 37% of the 5.5 million shares and collect the distribution for their shareholders. APL shares do not kick in their IDR's until .70 as they give back half between .60 to .70. Right now APL will not be distributing to ATLS for at least a year. ARP will not be giving more than a few cents per quarter as well for the next year. ATLS got way ahead of itself as both companies failed to deliver as promised
It is not going up so quickly. They just issued 5.5 million shares at 21.18. The stock will not break out from here in the next few weeks.
There was over 7 million shares traded yesterday, which is half of the float on the open market. Those 5.5 million had to be included in that number. Sorry that they did a secondary at such a low price, even if the purchase was a great one.
Did the shares get issued today and were they trading as part of the 6 million+ shares traded? It was climbing slowly and steadily all day from the open and then plunged at the end of the day. What happened in the last few minutes?
It seems good. They reached 150 million in capital raised for the drilling program. There wasn't any blow ups like we saw at APL. Any thoughts, from Bosox, David, Liz, or Arbtrader?
This is a golden entry point for someone who is not knee deep into the market. APL is yielding over 8% and is growing the business. Dubay is going to help grow the business as they coordinate the new company purchases. Within the year it will be in the high 30's
We couldn't be hedged on the gas assets that we just bought unless we have to honor previous agreements. We are also not 100% hedged so the 20% of unhedged gas is fetching higher prices than we thought.
WE should have a tremendous quarter with NG prices averaging around $5 and a good small acquisition that was dated back to Jan 1 2014. How do we retroactively buy assets?
There was a 5 million dollar loss for the weather and it would have been 51.7 million but was actually 46.7 million. It is confusing because they are trying to be deceptive. Enjoy your caffeine!
They were over a 2.80 exit rate and over $3 in 2014. Does anyone know what the 43.9 million charge is for? Will it repeat in the next quarter? Hopefully not!
They lost 48.7 million dollars for the quarter. How many quarters will it take to go bust at that rate despite DCF. If they pay us 7.5% for next year and the stock goes to 10 because they are down 200 million over the next 12 months, they will be in big trouble. Let me rephrase that, we are all in big trouble!
They expect to exit 2014 with at least a $2.60 distribution rate. This is very different from what they said last year for exit 2013. I hope that this estimate is the conservative one that Cohen should have provided us with last year. Maybe he learned something. What is the 43.9 million dollar charge for? ATLS won't see much from APL in 2014, as they return money to APL until that target is reached.
We know all of the negatives! The price of the stock already reflects what they will announce. The fact that they have not raised the distribution speaks for itself. They set this date on purpose knowing that the market would be closed. GLTA