ATLS: Compelling Investment Opportunity in E&P

AMIR ARIF, Stifel Nicolaus (05/28/2010)
"We are adding ATLS to the Stifel Nicolaus Select List as a compelling investment opportunity in the E&P sector. With the stock trading below the price when the JV was announced on April 9, 2010, we believe that the recent market correction provides an opportunity to own a name that should double in the coming two years as it begins to develop its Marcellus asset. The development, which will be disproportionately funded by its JV partner, should help close the gap between the current stock price and our 1-year NAV of $56 and our 3-year NAV of $85. We maintain our Buy rating and our $53 target price, which essentially reflects fair value to our risked NAV."

 PRINT THIS PAGE   EMAIL THIS PAGE

Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.

Related Quotes: