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Atlas Energy Group, LLC (ATLS)

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Last Post: 3/23/2020 12:04:30 PM - Followers: 22 - Board type: Free - Posts Today: 0

Atlas Energy Group, L.L.C. is a master limited partnership which, subsequent to the spin-off of Atlas Energy, L.P.'s non-midstream assets, will own the following interests: all of the general partner interest, incentive distribution rights and an approximate 28% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.; the general partner interests, incentive distribution rights and limited partner interests in its private E&P development subsidiary; and a general partner interest in Lightfoot Capital Partners, an entity that invests directly in energy-related businesses and assets.

 

All of the incentive distribution rights, an 80.0% general partner interest and a 2.1% limited partner interest in Atlas Growth Partners, L.P. (“AGP”), a Delaware limited partnership and an independent developer and producer of natural gas, crude oil and NGLs with operations primarily focused in the Eagle Ford Shale in South Texas;

 

 

A 12.0% limited partner interest in Lightfoot Capital Partners, L.P. (“Lightfoot L.P.”) and a 15.9% general partner interest in Lightfoot Capital Partners GP, LLC (“Lightfoot G.P.” and together with Lightfoot L.P., “Lightfoot”), the general partner of Lightfoot L.P., an entity for which Jonathan Cohen, Executive Chairman of the Company’s board of directors, is the Chairman of the board of directors. Lightfoot focuses its investments primarily on incubating new MLPs and providing capital to existing MLPs in need of additional equity or structured debt. See Note 2 for further disclosures regarding Lightfoot;

A 2% preferred membership interest in Titan Energy, LLC (“Titan”), an independent developer and producer of natural gas, crude oil and NGL with operations in basins across the United States. Titan Energy Management, LLC, our wholly owned subsidiary (“Titan Management”), holds the Series A Preferred Share of Titan, which entitles us to receive 2% of the aggregate of distributions paid to shareholders (as if we held 2% of Titan’s members’ equity, subject to potential dilution in the event of future equity interests) and to appoint four of seven directors.


In connection with the closing of the first portion of Lightfoot’s Proposed Transaction in December 2017, we acquired a 1.8% ownership interest in Zenith Energy Terminals Joliet Holdings, LLC (“Joliet Terminal”) for $3.3 million

At March 31, 2018, we have a membership interest in Osprey Sponsor, which is the sponsor of Osprey. We received our membership interest in recognition of potential utilization, if any, of our office space, advisory services and personnel by Osprey. On July 26, 2017, Osprey, for which certain of our executives, namely Jonathan Cohen, Edward Cohen and Daniel Herz, serve as CEO, Executive Chairman and President, respectively, consummated its initial public offering. Osprey was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business transaction, one or more operating businesses or assets. The initial public offering, including the overallotment exercised by the underwriters, generated net proceeds of $275 million through the issuance of 27.5 million units, which were contributed to a trust account and are intended to be applied generally toward consummating a business combination. Our membership interest in Osprey Sponsor is an allocation of 1,250,000 founder shares, consisting of 1,250,000 shares of Class B common stock of Osprey that are automatically convertible into Class A common stock of Osprey upon the consummation of a business combination on a one-for-one basis. Additionally, another 125,000 founder shares have been allocated to our employees other than Messrs. Cohen, Cohen and Herz.


In connection with the Second Lien Credit Agreement, on April 27, 2016, we issued to the Lenders, warrants (the “Warrants”) to purchase up to 4,668,044 common units representing limited partner interests at an exercise price of $0.20 per unit. The Warrants expire on March 30, 2026 and are subject to customary anti-dilution provisions. On April 27, 2016, we entered into a registration rights agreement pursuant to which we agreed to register the offer and resale of our common units underlying the Warrants as well as any common units issued as in-kind interest payments under the Second Lien Credit

 

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PostSubject
#1960   Atls oil is hedged at 52.00 barrel lexus400001 03/23/20 12:04:29 PM
#1959   Atls soon to be debt free! lexus400001 03/23/20 12:01:52 PM
#1958   Triple bottom! lexus400001 03/23/20 12:00:00 PM
#1957   Cash flow positive! lexus400001 03/23/20 11:59:07 AM
#1956   24 million float lexus400001 03/23/20 11:58:22 AM
#1955   Lean mean fighting machine! lexus400001 03/23/20 11:57:53 AM
#1954   We have ticking time bomb and its called ATLS lexus400001 03/23/20 11:57:35 AM
#1953   OTC needs to wake-up? ATLS undervalued & manipulated lexus400001 03/09/20 10:28:24 AM
#1952   Positive cash flow! lexus400001 03/09/20 10:26:36 AM
#1951   Outstanding 32 million lexus400001 03/09/20 10:26:09 AM
#1950   Low float 24 million lexus400001 03/09/20 10:25:52 AM
#1949   CashcCowMoo you need think over your strategy. lexus400001 03/09/20 10:25:20 AM
#1948   Atlas up 20% lexus400001 03/09/20 10:24:08 AM
#1947   Oil down 20% lexus400001 03/09/20 10:23:49 AM
#1946   Atlas has oil hedged at 52 barrel lexus400001 03/09/20 10:23:27 AM
#1945   Atls is lean mean fighting machine. lexus400001 03/09/20 10:22:53 AM
#1944   Not looking good for ATLS good thing I CashCowMoo 03/08/20 06:48:03 PM
#1943   ATLS/MLP energy on the other hand is cash lexus400001 03/06/20 09:49:02 PM
#1942   Every oil/gas company is on the verge of lexus400001 03/06/20 09:46:57 PM
#1941   Will a share of stock in ATLS become CashCowMoo 03/05/20 11:14:07 AM
#1940   How much more does OTC traders need to lexus400001 03/05/20 10:00:07 AM
#1939   Float 24 million lexus400001 03/05/20 09:56:43 AM
#1938   Sub penny! 32 million outstanding. lexus400001 03/05/20 09:56:13 AM
#1937   Triple bottom formed, last week. lexus400001 03/05/20 09:53:55 AM
#1936   Low float! lexus400001 03/05/20 09:53:07 AM
#1935   What? Open your eyes. lexus400001 03/05/20 09:52:46 AM
#1934   No gas here. No nothing CashCowMoo 03/03/20 05:32:09 PM
#1933   Triple bottom. lexus400001 03/02/20 12:12:09 PM
#1932   ATLS moves fast. Don't miss out! lexus400001 03/02/20 12:11:56 PM
#1931   1.5 million bid support. lexus400001 03/02/20 12:09:40 PM
#1930   Resistance .0160 then go north to .0450 lexus400001 02/19/20 07:48:52 PM
#1929   Wake up? We have technical triple bottom. lexus400001 02/19/20 07:44:23 PM
#1928   Double bottom! Add some ATLS lexus400001 02/12/20 06:19:35 AM
#1927   Nice pop on low volume! lexus400001 01/14/20 09:40:55 AM
#1926   Low fuel light has been on forever here. CashCowMoo 01/10/20 05:06:22 PM
#1925   Ready to pop lexus400001 01/06/20 08:23:11 PM
#1924   That’s kinda sad CashCowMoo 01/06/20 10:22:31 AM
#1923   Buy the Rumor / Sell the News lexus400001 01/06/20 10:18:25 AM
#1922   The whole OTC market lives off of fake news! lexus400001 01/06/20 10:16:33 AM
#1921   Atlas has never/rarely reports news lexus400001 01/06/20 10:15:18 AM
#1920   Common sense! lexus400001 01/06/20 10:14:26 AM
#1919   Going back up to test .0164 lexus400001 01/06/20 10:13:22 AM
#1918   I dunno the company seems pretty dead at CashCowMoo 01/06/20 10:13:19 AM
#1917   Chart is flashing strong buy lexus400001 01/06/20 10:12:28 AM
#1916   26 million float lexus400001 01/06/20 10:07:31 AM
#1915   Buying pressure easily sends this unit north of .05 lexus400001 01/06/20 10:07:05 AM
#1914   Too bad there is no news. CashCowMoo 01/06/20 09:46:37 AM
#1913   Resistance at .0164 then .04 lexus400001 01/01/20 10:41:53 AM
#1912   Buying pressure we go north of .05 lexus400001 01/01/20 10:40:39 AM
#1911   Wake-up OTC severely undervalued unit. lexus400001 12/30/19 03:25:09 PM
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