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You Are Here: Home > Articles > Stock Picks > Atlas Energy keeps distribution the same

Atlas Energy keeps distribution the same
Jan 28, 2009

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Tim Plaehn

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Atlas Energy Resources - News and Press Releases.


Atlas Energy Resources (ATN: 14.45 +0.97 +7.20%) has announced the 4th quarter distribution will be 61¢ for shareholders of record on February 9, 2009. The distribution is the same amount as the previous two quarters. Even after today’s price bump the stock is still sporting a yield near 17%.

ATN is well hedged through the rest of 2009 and into early 2010. They are  positioned to continue to grow their well numbers and production even at the current low natural gas prices. If past practices hold they should release year end result in a couple of weeks.

ATN is a component of this site’s hypothetical Opportunities Portfolio and a personal holding.

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