Atlas Resource Partners (a MLP) Prices a Tiny Preferred Offering

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Oil and gas producer Atlas Resource Partners (ticker:ARP) has priced a new preferred offering at 10.75%–wow.  This is a tiny offering of only 255,000 shares (with overallotment of 38,250).  Obviously they don’t want to issue more than is necessary at that coupon.

ARP has over 14,000 operating wells and they are natural gas focused. We may have an interest in this issue at this rate.  While we are not fans of perpetuals if the financials are right we would be willing to take a small chance on this one at 10.75%

ARP has 1 other issue outstanding at a current yield of 10.34%.


Details of the issue are here.

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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