ATLS

Atlas Energy Group LLC

Energy, Event Driven/Special Sit


Presented:09/20/2016
Price:$1.23
Cap:$0.03B
Current Price:$0.01
Cap:$0.00B

Presented

Date09/20/2016
Price$1.23
Market Cap$0.03B
Ent Value$1.47B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S26.03M
Ave Daily Vol172,108
Short Int4.01%

Current

Price$0.01
Market Cap$0.00B
Atlas Energy Group LLC is an energy management company. It is focused on the development and growth of energy enterprises. The company acquires and develops upstream and midstream oil and gas assets. Atlas Energy Group was founded on November 5, 2014 and is headquartered in Pittsburgh, PA.

Publicly traded companies mentioned herein: Arc Logistics Partners (LP), Atlas Energy Group LLC (ATLS), Targa Resources Corp (TRGP), Titan Energy LLC (TTEN)

Highlights

The presenter is long shares of Atlas Energy Group (ATLS) because the prospects for bringing Atlas Growth Partners (its private E&P subsidiary) public are good, and its other GP interests and investments should provide support to the stock at currently depressed levels (~$1, or a $35 million fully diluted market cap). While the stock has been extremely volatile since bottoming out in the $0.10 - $0.20 range, the risk/ reward remains quite favorable because “what investors are really buying is ATLS’ - and the Cohen family’s - ability to raise money for the new MLP”. This is something they have executed previously, and the way the incentive distribution rights (IDRs) are structured could result in ATLS receiving a meaningful common equity stake in Atlas Growth (in the 5% - 10% range) and >$50 million of annual revenue. This should lead to substantial upside for shareholders willing to take a 3 - 4 year view on the stock.

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Idea Discussion

Commentor 1 - 2 weeks ago

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