I have been buying the tax loss selling and accumulating . This stock price made no sense at 19 and should be higher considering NG prices are 4.50 now. The last purchase was negotiated when NG prices were between 3.4-3.60. Even if we didn't like the deal the price of NG is up a lot since the purchase. We could get a distribution of .60 with 1.2 coverage and a stock price of 23-24 in February.
Dear David, I respect your posts and knowledge of the ATLAS companies, but the price of NG was below $4 when this deal was negotiated and consummated. Merry Christmas to you and the board, and thank you for your opinions and posts
That is what Cooperman is thinking as well. This stock has never recovered from the LINE debacle and the secondary that was done at 21.75.
I own some ATLS from when it was 5 and CITI analyst was saying it will go to 20, but am now heavily invested in ARP with it's high distribution cheap price and potential. Happy New Year to all, and may this stock be at 30 next year.
ARBTRDR Maybe you cannot count but it was below 32 at one point, which is down over 6% and it occurred over a 10 minute period. To me that is a crash in any MLP when the market has been up all day.
But the crash was as I wrote that, and your criticism of you shouldn't be in the market was uncalled for. I do not need to check with you where I put my earned money.
Give it time the announcement will come and then this will be behind us.
Natural gas prices are approaching $5 and there are propane shortages with freezing temperatures down to Texas and even Florida. Next quarter earnings should be better than the last quarter .
This is the reason that the stock fell. No increase in distribution. Pioneer had problems this quarter, and the CVX pipeline fire did not help.