The first drop down has EBITDA of $65-$70 mil.with CapEx of $3-$4 mil.and now they have only about $160 mil. debt. So the first drop down should produce an increase in the distribution way over guidance.
I think the shorts want to close their position soon,so they enlisted the help of Barrons. I am looking for a 7% drop Monday,then a quick recovery.
People think they are going to pay off some debt,buy some good upstream assets,and then manage the company well while keeping the current distribution.Too much risk for me.
Yeah,They have to pay 4Q 2013 before going monthly.
Atlas Resource Partners, L.P. (ARP) announced that its board of directors has approved the modification of its distribution payment practice to a monthly distribution program. This new policy will take effect for the month of January 2014, for which its monthly cash distribution will be paid in March 2014. Monthly cash distributions will be paid approximately 45 days following the end of each respective monthly period. A schedule of the anticipated notable dates for the next three monthly cash distributions is shown below:
January 2014 March 7, 2014 March 17, 2014
February 2014 April 7, 2014 April 14, 2014
May 7, 2014
May 15, 2014
Atlas Resource Partners, L.P. (AR