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User 283977 » Comments » AOG

  • Atlas Energy: Following the Money [View article]
    Hey, your right Munny... I forgot it was an MLP... Thanks!
    Jan 14 13:48 pm |Rating: +3 -2 |Link to Comment
  • Atlas Energy: Following the Money [View article]
    Yes, when I dumped CHK because of the mercurial activities of their CEO, I looked for a substitute Marcellus Shale play. I picked Atlas Energy (ATN) because of their partnership program financing. I was also intrigued with their press releases about their successful completion of seven two-stage vertical facs in the Marcellus shale, and the associated high levels of production associated with that technique. They announced all their future vertical Marcellus wells would use multi-stage vertical facs.

    The only thing that is a bit worrisome about the stock is its current dividend yield of 16.6%. Its clearly an accidental dividend yield at its current price of $14.69. My guess is if the stock price stays where its at for a bit, they are going to reduce the dividend to its normal historical range of 7% (.35 per quarter at $20 per share). I would not interpert the drop in the dividend yield particularly negatively. Oil and gas are down, and 7% is a great dividend.

    My intention is to be long on ATN, although, given today's markets, being long on anything is a somewhat relative term.
    Jan 14 10:46 am |Rating: +5 0 |Link to Comment
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