Atlas Pipeline Partners Reports Strong Results

The recent conference call from Atlas Pipeline Partners (APL) gave estimates of distributable cash flow of between $1.90 and $3.65 for the next 4 quarters. Further remarks indicated that pending board approval, distributions could restart in early 2010.

These numbers are based on historic NGL prices in relation to $65 oil. APL has been working to deleverage their balance sheet and it is anticipated that much of the cash flow for the next several quarters will go to pay down debt.

APL stock was up 13% yesterday in a down market (ATN was down 10%). As I wrote months ago, APL will continue to be a good leveraged option on rising oil prices.

Comments

[dmz50:]

That's why I bought in at 4$, thanks.

Jun 04 01:02 PM

[notsosmart:]

little people will always lose.just look @ the %s of rich v poor.so what else is new

Jun 05 05:19 PM

[Deegan:]

In 2008 Mgmt. told us how strong the co. was. 2009 they cut the dividend pmt. Just once I wish mgmt would be honest with the shareholders and tell us upfront was going on. Instead, they continue to play the game of telling us what they want us to hear rather than the truth. They forget it is our money that supplies them with the capital to build the co. with.

Jun 07 03:20 PM

[TW143:]

I have a 1000 shares of ATN which I bought for the dividend, Someone recently mentioned we may get 3:2 dividend split, and my question is:
A/. When will the dividend be re-instated?
B/. Will there be a 3:2 split
C/. What would be better candidates for steady Dividend stream?

Jun 07 05:18 PM