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Atlas Energy Resources (ATN) 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 yesterday’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. It is positioned to continue to grow its well numbers and production even at the current low natural gas prices. If past practices hold they should release year end results in a couple of weeks.

Filed under: Other issues, Products and services, Competitive strategy, Chasing Value, Oil, Atlas Energy Resources (ATN)

As many of you know, I have been a longtime fan of the Atlas family of companies.  For those that are interested you can find a brief write up of mine of the parent company, Atlas America (ATLS) here.  Of the Atlas America subsidiaries, Atlas Energy Resources (ATN) has been catching the eye of members of the investment community of late.  One of its more vocal proponents has been Jim Cramer.  

I have had Atlas Pipeline Partners (APL) as a component of my Income Portfolio since the first of the year (2008) and the dividends have been outstanding, paying 93¢ (Q4,2007), 94¢ and 96¢ so far this year. On the recent earnings release the company is projecting $2.00 to $2.20 for the next 2 quarters and $4.25 to $4.50 for 2009. The share price is down significantly from around $43 to start the year, but I believe the market has this one wrong and the income growth should continue.