Atlas Resource Partners (fka ARPJQ)

[Congo Mining]

I'm sure you heard about the opec deal.

there's an mlp that is due to make a bond payment on the 16th.
Complicated story.

take a look at MEMP they got an extension from their lenders till the 16th.

they were crimped by the reduction in their credit facility right before they had to make a 24 million bond payment.

Their EBITDA is 77 million a quarter...do the math and read the PR's and you'll see why they got the extension.

obviously you don't want to own if they don't make the payment but you might want to be ready to jump in hard when they do.

look at Market cap vs. the value of their assets.
I'm taking an very small initial position as an edjucated gamble that they'll pay.
Will sell immediately if they don't.