Do you read SEC filings? ATLS only owned 80%. The public owns the other 20% of Atlas Growth Partners!
From the Atlas Growth 10-K filed 3 weeks ago:
"Atlas Energy Group, LLC (“ATLS”), a Delaware limited liability company, manages and controls us through its 2.1% limited partner interest in us and 80% member interest in our general partner. Current and former members of ATLS management own the remaining 20% member interest in our general partner."
ATLS has nothing left! That 80% and 2.1% limited partner interest was all they had, and now it is gone, swapped for the debt. This is not a difficult concept to understand.
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