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Stock Market & Financial Investment News

News Breaks
March 10, 2014
12:30 EDTAPL, ATLS, ARPCooperman likes Atlas trio: Atlas Energy, Atlas Pipeline, Atlas Resource
News For ATLS;APL;ARP From The Last 14 Days
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March 2, 2015
07:22 EDTARPAtlas Resource Partners now sees FY15 cash distributions of $1.30 per unit
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07:20 EDTARPAtlas Resource Partners reports Q4 EPS ($7.06), may not compare to consensus 8c
Reports Q4 revenue $190.8M, consensus $283.64M. On a GAAP basis, net loss was $580.8M for Q4 compared with net income of $1.1M for Q3 and a net loss of $40.0M for the prior year comparable period. The net loss for Q4 was principally generated by non-cash expenses, specifically depreciation and amortization and an asset impairment charge on certain oil and gas properties due to recent declines in forward commodity prices. President Matthew Jones said, "Our business experienced yet another year of substantial growth and development. We believe that our diversified oil & gas asset base, cash flow from both our production and partnership management business, and the financial actions we have recently taken will allow us to add stability in the current environment."
February 27, 2015
17:24 EDTATLS, APLAtlas Energy, Atlas Pipeline Partners complete merger with Targa Resources
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February 24, 2015
07:30 EDTAPLJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 23, 2015
08:35 EDTARP, ATLSAtlas Energy subsidiary sees annualized cash distribution to be 70c-80c per unit
Atlas Energy Group, a wholly-owned subsidiary of Atlas Energy, announced that it currently expects annualized cash distributions to be 70c to 80c per common limited partner unit based on initial expectations of cash flow to its business. The current forecast includes, among other items, approximately $37.5M of cash distributions expected to be received from Atlas Resource Partners (ARP) from AEG's ownership of ARP's general partner and approximately 24.7M ARP limited partner units, and is based on ARP's current annualized distribution of $1.30 per unit.
February 20, 2015
11:46 EDTAPL, ATLSTarga Resources shareholders approve share issuance in merger with Atlas Energy
Targa Resources (TRGP) announced that the stockholders of the company approved at a special meeting of stockholders held today the issuance of shares of common stock of the company in connection with the company's proposed merger with Atlas Energy, L.P. (ATLS). Approximately 76.15% of the shares of the company's common stock that were outstanding as of the record date of January 22 approved the share issuance, and approximately 91.50% of the shares of the company's common stock that were voted approved the share issuance. A special meeting of ATLS unitholders was also held to approve the merger agreement in connection with the ATLS Merger. Approximately 52.83% of the common units of ATLS that were outstanding as of the record date of January 22, 2015 approved the merger agreement in connection with the ATLS Merger, and approximately 99.28% of the common units of ATLS that were voted approved the ATLS Merger Agreement. A special meeting of unitholders of Atlas Pipeline Partners, L.P. (APL) was also held to approve the merger agreement in connection with Targa Resources Partners LP's (NGLS) proposed merger with APL. Approximately 54.84% of the common units of APL that were outstanding as of the record date of January 22 approved the merger agreement in connection with the APL Merger, and approximately 98.21% of the common units of APL that were voted approved the APL Merger Agreement. The approvals by the shareholders of the Company and the unitholders of ATLS and APL described above satisfy three of the conditions required to finalize the Atlas Mergers. The consummation of the Atlas Mergers is still subject to certain other conditions, including the previously announced spin-off by ATLS of its non-midstream assets. Each of the Transactions is contingent on one another, and the Transactions are expected to close concurrently on February 27.
11:38 EDTATLS, APLAtlas Energy, Atlas Pipeline approve mergers with Targa, Targa Partners
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