I am currently going through my Watch List to ensure that each company still deserves to be on the list. Because of the number of companies on my list, I am going to try to knock out 2 per weekday.
|Company name||Atlas Pipeline Partners, L.P.|
|Live stock price||[stckqut]APL[/stckqut]|
|Confident Investor Rating||Poor|
The following company description is from Google Finance: http://www.google.com/finance?q=apl
Atlas Pipeline Partners, L.P. is a provider of natural gas gathering and processing services in the Anadarko and Permian Basins located in the southwestern and mid-continent regions of the United States; a provider of natural gas gathering services in the Appalachian Basin in the northeastern region of the United States and a provider of natural gas liquid (NGL) transportation services in the southwestern region of the United States. Its general partner, Atlas Pipeline Partners GP, LLC (Atlas Pipeline GP), manages its operations and activities through its ownership of its general partner interest. Atlas Pipeline GP is a wholly owned subsidiary of Atlas Energy, L.P, as well as the 2% general partner interest. In May 2013, Atlas Pipeline Partners LP acquired the entire share capital of TEAK Midstream LLC from NGP Energy Capital Management LLC.
Confident Investor comments: At this price and at this time, I do not think that a Confident Investor can confidently invest in Atlas Pipeline Partners, L.P. It is not possible to confidently invest in a company that is not currently profitable. I am removing the company from my Watch List.
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