Atlas Pipeline Partners (APL) and Atlas Holdings (AHD) are down nearly 3 points each with Atlas Holdings (AHD) the bigger percentage loser. There is some sort of citi-group report on the yahoo board saying that Citi is downgrading Atlas Pipeline Partners (APL) to a sell due to the price of crude dropping below 60 dollars could put the distribution at risk.
Now here is the Yahoo profile
Atlas Pipeline Partners, L.P. and its subsidiaries engage in the transmission, gathering, and processing of natural gas. The company primarily provides natural gas gathering services in the Anadarko, Arkoma, Golden Trend, and Permian Basins in the southwestern and mid-continent United States and the Appalachian Basin in the eastern United States. It also offers natural gas processing services in Oklahoma and Texas, as well as provides interstate gas transmission services in southeastern Oklahoma, Arkansas, and southeastern Missouri. Atlas Pipeline Partners owns and operates a 565-mile interstate pipeline system that extends from southeastern Oklahoma through Arkansas and into southeastern Missouri; 7,870 miles of active natural gas gathering systems located in Oklahoma, Arkansas, and Texas; and 1,600 miles of active natural gas gathering systems located in eastern Ohio, western New York, and western Pennsylvania. Atlas Pipeline Partners GP, LLC serves as the general partner of the company. Atlas Pipeline Partners was founded in 1999 and is based in Moon Township, Pennsylvania.
No where in here do is see any mention of crude oil exposure unless he means the the drop in crude will keep nat gas prices low. Anyone have light on this can please share it. It would be appreciated.
MLPS approaching the 220 level up 7 and some change. Thats where they got turned around the last time.
Magellan (MMP) is up 3. Natural Resource (NRP) Energy Transfer (ETP) Sunoco Logistics (SXL) Hiland (HLND) Copano (CPNO) Oneok (OKS) all up 2 or more.
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