Pritchard Capital Initiates Coverage on Atlas Energy (ATLS) with a Buy; Best Way to Play Marcellus Shale
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Pritchard Capital initiates coverage on Atlas Energy, Inc (NYSE: ATLS) with a Buy.
Pritchard analyst says, "ATLS's substantial presence in the Marcellus Shale combined with its unparalleled hedged position and recent transition to a C corporation from a MLP supports our view that ATLS is one of the best ways to play the Marcellus Shale. ATLS Rapid production growth in 2010 (34% expected) and 3.8 Tcf of risked probable reserves give us confidence in this Marcellus shale leveraged name."
To see more analyst ratings on ATLS Click Here.
Atlas Energy, Inc. operates as an independent natural gas and oil producer principally in Pennsylvania, Michigan, and Tennessee.
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