Atlas Energy Resources (ATN)


Price/Share*:

$15.02

Annual Dividend:

$2.44

Dividend Yield:

16.25%

Pay Date:

11/14

Ex-Dividend Date:

11/06

Record Date:

11/10


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Company Profile & Recommendation

Company Profile Company Profile

Atlas Energy Resources- (ATN)- develops and produces natural gas and oil principally in northern Michigan's Antrim Shale and the Appalachian Basin covering Kentucky, Maryland, New York, Ohio, Pennsylvania, Virginia, West Virginia, and Tennessee. It owns interests in approximately 10,719 gross wells, of which the company operated approximately 8,829 wells; and an interest in a joint venture that gives right to drill approximately 212,000 acres in Tennessee. As of December 31, 2007, the company had proved reserves of approximately 666.8 billion cubic feet of natural gas equivalents. It also involves in the well construction and completion, administration and oversight, well services, and gathering operations. Atlas Energy Resources is based in Moon Township, Pennsylvania.


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** Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.