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No dilutive MM's on L2. This is going to run big time next week.
OS=20mil, float is going to be locked soon
This is def a gapper Tuesday morning. This is still flying under the radar. DD over the weekend will bring many new traders here.
Over 6 million shares traded so far today! The OS is only 20mil. No wonder why this low floater moves so easily.
Time to start slapping the ask! .02+ close would be sweet going into the weekend. I got some funds set aside for power hour.
$LFAP the next 30 min will help decide how this closes today. Either bounces off the EMA/MACD or crosses through it
$LFAP the next 30m will help decide oh this closes today. Either bounce off the EMA/MACD ot cross under it pic.twitter.com/Uo8n4izfiw
— NOTE (@Solana_NOTE) May 27, 2016
Picked up some shares here! Strong continuation after yesterday's PR. Great volume today, especially for a friday right before a holiday weekend!
ARCA on the ask now...
Low volume on Friday before a holiday weekend spooked me. I'm watch for now, plan to re enter before today's close or Tuesday morning. Still very bullish here IMO.
<< BackAtlas Energy Group, LLC Reports Operating and Financial Results for the First Quarter 2016
PHILADELPHIA, May 16, 2016 (GLOBE NEWSWIRE) -- Atlas Energy Group, LLC (OTCQX:ATLS) (“Atlas Energy”, the “Company” or “ATLS”) today reported operating and financial results for the first quarter 2016.
ATLS received approximately $0.6 million in management fees and cash distributions during the first quarter 2016 from its E&P development subsidiary, Atlas Growth Partners, L.P. (“AGP”). AGP recently had its Form S-1 for its continuous $1 billion public offering declared effective by the Securities and Exchange Commission on April 5, 2016.
ATLS received $0.5 million in cash distributions in the first quarter 2016 fromArc Logistics Partners, LP (NYSE:ARCX), a master limited partnership of which approximately 16% of its general partner interest and approximately 12% of its limited partner interest is owned by ATLS through the Company’s interest in Lightfoot Capital Partners. In April 2016, ARCX announced a quarterly cash distribution of $0.44 per common unit for the first quarter 2016, unchanged from the fourth quarter 2015.
Atlas Resource Partners, L.P. (NYSE:ARP), Atlas Energy’s E&P subsidiary, paid common unit cash distributions totaling approximately $0.025 per limited partner unit for the first quarter 2016. On May 5, 2016, ARP announced that the Board of Directors elected to suspend monthly common unit distributions, beginning with the month of March 2016, as well as Preferred Class C distributions, due to the continued lower commodity price environment.
Atlas Energy’s Distributable Cash Flow, a non-GAAP measure, was approximately $0.5 million(1), or $0.02 per common unit, in the first quarter 2016, compared to $(0.1) million, or $(0.00) per common unit, in the fourth quarter 2015.
On a GAAP basis, net loss was approximately $1.3 million for the first quarter 2016, compared with a loss of $297.4 million for the fourth quarter 2015 and net income of $53.5 million in the prior year comparable quarter. The year over year decline in net income was due primarily to lower mark-to-market derivative gains recognized from ARP’s financial hedge positions. ATLS owns 100% of ARP’s general partner Class A units and incentive distribution rights, and an approximate 23% limited partner interest in ARP. ATLS’ financial results are presented on a consolidated basis with those of ARP. Non-controlling interests in ARP are reflected as an adjustment to net income in ATLS’ consolidated statements of operations and as a component of unitholders’ equity on its consolidated balance sheets. A consolidating statement of operations and balance sheet have also been provided in the financial tables to this release for the comparable periods presented. Please refer to the ARP first quarter 2016 earnings release for additional details on its financial results. (1) A reconciliation of GAAP net income (loss) to Distributable Cash Flow is provided in the financial tables of this release. Please see footnote 1 to the Financial Information table of this release.
ARP’s First Quarter 2016 Highlights
Average net daily production for the first quarter 2016 was 237.0 million cubic feet equivalents per day (“Mmcfed") compared to 270.8 Mmcfed in the first quarter 2015. The decrease in net production from the prior year quarter was due primarily to temporarily shutting in older, mature production across ARP’s footprint, in response to the continued weaker commodity price environment.
ARP's net realized price for natural gas including the effect of hedge positions was $3.41 per thousand cubic feet (“mcf") for the first quarter 2016, compared to $3.42 per mcf for the fourth quarter 2015. Net realized oil prices including the effect of hedge positions averaged $77.16 per barrel for the first quarter 2016, compared to $85.26 for the fourth quarter 2015.
Investment partnership margin contributed $3.0 million to Adjusted EBITDA for the first quarter 2016 compared with $5.0 million for the previous quarter. The $2.0 million decrease in investment partnership margin was due to lower amounts of capital deployed during the first quarter 2016 due to scheduled changes in well drilling activity.
During the first quarter 2016, ARP was approximately 76% hedged on its net natural gas production and approximately 99% hedged on its net oil production. During the quarter ended March 31, 2016, ARP received approximately $48.7 million of cash from realized natural gas and oil hedge positions.
AGP’s First Quarter 2016 Highlights
AGP had net daily production of over 7,800 thousand cubic feet equivalent per day (“Mcfed”) in the first quarter 2016, compared to average daily net production of approximately 6,600 Mcfed in the fourth quarter 2015. AGP connected two additional wells in the Eagle Ford shale during the first quarter 2016. AGP recently had its Form S-1 for its continuous $1 billionpublic offering declared effective by the Securities and Exchange Commission on April 5, 2016.
Corporate Expenses
Cash general and administrative expense, excluding amounts attributable to AGP and ARP, was $0.6 million for the first quarter 2016, compared to $1.4 million for the fourth quarter 2015. The decrease in expense from the prior quarter was due primarily to the timing of certain seasonal costs.Cash interest expense was $1.5 million for the first quarter 2016, compared to$1.7 million for the fourth quarter 2015. ATLS had approximately $70.6 millionof debt on its balance sheet at March 31, 2016, and a cash position of approximately $4.4 million.
ATLS will be discussing its first quarter 2016 results on an investor call with management on Tuesday, May 17, 2016 at 9:00 am Eastern Time. Interested parties are invited to access the live webcast of the investor call by going to the Investor Relations section of Atlas Energy's website at www.atlasenergy.com. For those unavailable to listen to the live broadcast, the replay of the webcast will be available following the live call on the Atlas Energy website and telephonically beginning at approximately 12:30 p.m. ETon May 17, 2016 by dialing 855-859-2056, passcode: 10307133.
Atlas Energy Group, LLC (OTCQX:ATLS) is a limited liability company which owns the following interests: all of the general partner interest, incentive distribution rights and an approximate 23% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P.; a general partner interest, incentive distribution rights and limited partner interests inAtlas Growth Partners, L.P.; and a general partner interest in Lightfoot Capital Partners, an entity that invests directly in energy-related businesses and assets. For more information, please visit its website atwww.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.
Atlas Resource Partners, L.P. (NYSE:ARP) is an exploration & production master limited partnership which owns an interest in over 14,500 natural gas and oil wells, located primarily in Appalachia, the Eagle Ford Shale (TX), theBarnett Shale (TX), the Mississippi Lime (OK), the Raton Basin (NM), the Black Warrior Basin (AL), the Arkoma Basin (OK) and the Rangely Field in Colorado. ARP is also the largest sponsor of natural gas and oil investment partnerships in the U.S. For more information, please visit its website at www.atlasresourcepartners.com
$ATLS is moving to dow jones suggest a few on Twitter. Anyone have reputable source with confirmation?
More insiders selling... what a joke...
Nice bid support. 20k @ .57. Going to see another power hour push to close HOD @ .6250? Chart is set up to test .70 tomorrow. A break through that turns .70 into the new support and next major resistance point isn't until 1.00
Great looking chart! Looking to test .70 tomorrow if momentum continues!
$ATLS
— NOTE (@Solana_NOTE) May 26, 2016
Beautiful bottom bounce chart! Looking to test .70! pic.twitter.com/6w7cRhn72a
Nice HOD close. Could be a multiday runner here
PPS heading back up to .72 this week?
Agreed, and once the resistance at .0030 is broken, the PPS jumps right back up to .0050. This low floater is thin as air.
If Costco Canada really sold all 300k units like the CEO stated, the next financial report is going to send the PPS back up over .03. Then when Costco USA rolls out, I don't see why this should be under .10. Low floater with potentially huge revenue increase.
If $KGNX only makes $5 profit on each unit sold, that is still $1,500,000 profit on 300k units!
KollagenX Releases Corporate Update on Manufacturing of 300,000 Units, Costco Packaging and Jessica Alba Using NanoGold Product
CHINO, CA--(Marketwired - Jan 11, 2016) - KollagenX® Corp. (OTCQB: KGNX) CEO Rondell Fletcher covers 2016 with Donald Baillargeon of MoneyTV on company's direction focused on retail outlets with over 300,000 units manufactured, new packaging for Costco and Jessica Alba posting picture using NanoGold Technology.
Please view video at https://vimeo.com/151090630
Costco Canada sold out of kollagenx. Over 300,000 units were shipped there just a few months ago. This stuff isn't cheap and they are selling out fast! Next production run is said to be for the Costco USA launch!
2,250,000 on the bid for over a hour. When is this massive dump beginning? Been accumulating shares under 0030. Off to the races when this breaks through that resistance. We have all seen how easily this low floater moves.
Looking at L2 it doesn't look like dilution. Must have been a short attack and/or just selling on news last friday. There is over 2 million on the bid, time to start ask slapping.
Check out these chart settings. I use them for my daily settings to find stocks on an uptrend. A close above .0031 will turn that resistance into support. A close above the BB at .0037 would be very bullish.
http://stockcharts.com/h-sc/ui?s=KGNX&p=D&yr=0&mn=1&
The chart is looking strong! 4d EMA crossing over the 10d EMA, MACD positive histogram, MACD line crossed over the signal line. DI + > DI -. 4/4 buy indicators that many swing traders look for!
This low floater is going to lock up soon. Pending Costco news will create an epic short squeeze.
Let their CA license go because they are now incorporated in NV. Next...
When was it suspended? Obviously not needed if business is still operating as usual. $KGNX incorporated in NV and has a current NV business license...
Ok, when did it expire then?
Agreed, $KGNX let their CA business license expire once they filed with the state of NV back in 2009. They are now incorporated through the state of NV and have been doing business for 7 years with no problems. Some are just spreading misinformation.
From the CA SOS: C3209149 05/15/2009 SUSPENDED KOLLAGENX RONDELL FLETCHE
How did they generate $160k in revenue last year if their much needed ca business license has been expired since 2009? Obviously it isn't needed now that they are incorporated in NV and have had a current NV business license since 2009.
They let their CA license expire how many years ago? Obviously it isn't needed, now that they have their business incorporated in NV. Wouldn't have been able to but or sell products in CA since 2009 according to your logic.
http://www.otcmarkets.com/stock/KGNX/profile
The company is Incorporated in NV, their business license is current through the state of Nevada SOS. No need for a CA business license because they are not incorporated in CA anymore... you don't need a business license in every state you ship your product to.
Open an account with TD Ameritrade for free L2. Also Fidelity Active trader pro has free L2
Right!? The company cannot answer any specific questions anyways. Sounds like Costco Canada sells are doing great from the interview and Costco USA should begin carrying KollagenX products soon. Probably going to put Jessica Alba on the new packaging. Load up these cheapies and make $$$
People are getting desperate to keep the PPS down. First spamming false information about the business license and now false information about contact details.
Time to stop bid sitting and start slapping the ask before Costco USA roll out and Costco Canada sales update news is released!
3 months ago this was trading at .03. I bet we see those levels again very soon. Next 10 bagger IMO.
They have their current business license through Nevada SOS....