Hopefully they hedged a lot at these levels. I have been buying more because the price makes no sense. I am glad to have had the opportunity to lower my average cost and to collect my distributions.
I said this morning that this makes no sense and I will continue to buy. Did you miss it and feel badly? This stock will benefit from $4+ gas.
NG prices at $4.15 January contract and yet the stock is down. This makes no sense, so I will continue to buy down here
That was exactly the point of my last topic. NG over $4 and the ability to lock in at those prices will bring us higher DCF distributions and stock price.
January contract at 3.95 and over $4 going out. If they even hit their lower 2.40 estimate for DCF going forward we should be above $25. If NG prices firm that last purchase for coal bed methane might actually look good.
I own APL ARP and ATLS as well. This has been disappointing at best for APL ARP and therefore ATLS. Each company missed expectations and the big splits aren't coming so quickly for ATLS. ARP has gone down steadily and missed DCF distributions. APL is floundering with the acquisition and growth and ATLS will not reach the big splits for a while.If ARP and APL get hit ATLS is not immune.
I think that ATLS is priced for the 2.50 DCF in 2014. It got ahead of itself with both the APL and ARP distributions below the increasing distributions for at least another 2 quarters.
It was not a good quarter as the ratio of DCF to distributions was just above 1X and a bigger loss per share than predicted. It is growing pains for now.
We may see stock appreciation as LINE is above 32 and now paying below 10% even though they were the source of an inquiry. ARP doesn't have any issue and if coverage is good we could be above 22 in no time.
They forecasted .65 and .68 for ARP. Apl was going to .68-.70 in the forecast. Instead we will get .56 then .58 with ARP and .63 or .64 for APL. Both guided lower for the next 2 distributions.
ATLS is the big loser in this, as their distributions are dependent on APL and ARP which both will not contribute the extra share of DCF. If both had been on track then ATLS would have been the big winner
ATLS can still make an announcement that they will be below guidance. This could trade at a 4% DCF as well. There is nothing written in stone about 3.5%.