John Polomny

Atlas Pipelines: I'm Out of Here

I will play devils advocate. Your analysis is excellent however I am wondering with the amount of rigs being laid down, over a 50% drop in the last year and avaeraging around 45 per week, if natural gas may be putting in a bottom. The last time the rig count fell this much the gas price responded with an 86% increase over the next year. I am not suggesting that will happen again. What I am suggesting is if the price of gas and liquids were to have a serious move higher over the next year would it be enough to bail out management? What price for gas or liquids would be required in order to give them breathing room?