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Atlas Pipeline Partners, L.P. Message Board

scottrussia2004 6 posts  |  Last Activity: Feb 23, 2015 6:20 PM Member since: Feb 28, 2009
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  • Reply to

    .0833 to .10

    by davidbdc2001 Jan 3, 2015 3:28 AM
    scottrussia2004 scottrussia2004 Feb 23, 2015 6:20 PM Flag

    Pretty darn good for back of envelope!

  • scottrussia2004 scottrussia2004 Feb 11, 2015 5:23 PM Flag

    Basically they are both down. The production numbers and storage numbers point to continued weakness and both NG and Oil may stay down for quite some time.

  • scottrussia2004 scottrussia2004 Feb 11, 2015 5:16 PM Flag

    Yes, and I'm about to win the lottery.

  • Reply to

    drop this morning~~

    by jamollamaman Feb 10, 2015 10:12 AM
    scottrussia2004 scottrussia2004 Feb 11, 2015 5:12 PM Flag

    It is the same entity. He's correct that this is being done to meet NYSE listing requirements. I was expecting to get 1 for 1, so in effect this is a reverse split. And note there was nothing in the SEC filing about the "expected" distribution. So I'll also conclude that means that the $1.25 to $1.10 will now be something less.

    No matter the terminology, it speaks to the situation at ARP and the bad spot it is in at these NG and Oil Price levels.

  • Reply to

    $200. a barrel.

    by coppertone03 Feb 1, 2015 9:14 AM
    scottrussia2004 scottrussia2004 Feb 3, 2015 2:14 PM Flag

    Opec is trying to talk up prices without having to resort to a production cut. Many OPEC members are already feeling the pain of $40ish pricing. So SA and others are attempting to put in a floor without having to take action. Should their efforts fail, then the June meeting will require concessions on their part to restrict supply. Have to assume that Russia and OPEC are already talking about what they both would be willing to cut. OPEC has made it clear they won't cut alone (specifically SA) so they partially put themselves in a corner.

    Do not underestimate the pain Iran, Venezuela, Nigeria and others are feeling already.

  • Reply to

    Do you know Leon Copperman? A must read....

    by udokrupp Feb 3, 2015 11:40 AM
    scottrussia2004 scottrussia2004 Feb 3, 2015 2:11 PM Flag

    He's not buying anything actually. He probably believes TRGP is a strong company and feels comfortable that he can exit that position in good shape.

    But his recent actions are all about believing that he is buying the "left-over" assets at a fraction of their price. Then the deal closes he believes those assets will be valued at $8-$10-$12 or whatever number. He will then sell and book his profits. (and that scenario may be selling TRGP and keeping the stub if indeed it pays out a buck a year).

    If he truly believed in ARP he would have bought tons of units at $8 - who wouldn't buy a 25% yield if you truly believed it is sustainable? He isn't restricted in terms of buying units. Senior management may have restrictions due to the pending sale.

    Cooperman is a rational and smart man with a lot of experience. He runs a fund (admittedly with much of his own money in it). He can afford it if an arbitrage goes wrong. You just have to ask yourself if your in the same position.

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