The management team at oil and gas company�Atlas Energy (NYSE: ATLS ) has really taken Warren Buffett's advice to heart. Buffett's old adage to "be fearful when others are greedy and greedy when others are fearful" seems to be that team's approach. After selling its shale assets to Chevron at the top of the market, the company has been diligently acquiring natural gas assets at the market's low. That blueprint continues to be followed as evidenced by the recently announced acquisition of substantial natural gas assets via its master limited partnership, Atlas Resource Partners (NYSE: ARP ) .
Atlas' latest deal adds 466 billion cubic feet of natural gas reserves which it's purchasing from EP Energy for $733 million. These assets are located in the Raton Basin in New Mexico and Black Warrior Basin of Alabama and are currently producing about 119 million cubic feet of natural gas per day which practically doubles Atlas' current net production. Even more important is that these assets come with very low decline rates of 8%-10%, which also lowers Atlas' pro forma decline rate to 11%. That means the company needs to invest less maintenance capital to keep its production steady.
Top Oil Stocks To Watch For 2014: NORCROS PLC ORD GBP0.10(NXR.L)
Norcros plc, through its subsidiaries, engages in the design, manufacture, and sale of home consumer products in the United Kingdom, South Africa, and internationally. The company offers electric showers, mixer showers, power showers, and bathroom accessories; adhesives, grouts, surface preparation, and aftercare products for fixing ceramic and porcelain tiles, mosaics, natural stone, and marbles; and ceramic wall and floor tiles, and related products. The company engages in the retail sale of tiles and sanitaryware under Johnson, Tile Africa, and TAL brands. It operates 28 showrooms in South Africa and 1 in Namibia, as well as has 5 franchisees operating in South Africa and 1 in Mozambique. The company serves consumers, architects, designers, retailers, and wholesalers. Norcros plc is headquartered in Wilmslow, the United Kingdom.
Top Oil Stocks To Watch For 2014: Northwest Natural Gas Company(NWN)
Northwest Natural Gas Company stores and distributes natural gas primarily in Oregon, Washington, and California. The company operates in two segments, Local Gas Distribution and Gas Storage. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. The Local Gas Distribution segment distributes natural gas in Oregon and southwest Washington. This segment engages in building and maintaining pipeline distribution system, purchasing gas from producers and marketers, contracting for the transportation of gas over pipelines from the supply basins to service territory, and reselling the gas to customers. It also transports gas owned by customers from the interstate pipeline connection, or city gate, to the customers? facilities. This segment serves various industries, including pulp, paper, and other forest products; companies manufacturing electronic, electrochemical, and electrometallurgical products; companies engaged in processing of fa rm and food products; metal fabrication and casting companies; organizations that produce various mineral products, machine tools, machinery, and textiles; companies that manufacture asphalt, concrete, and rubber; printing and publishing companies; nurseries; government and educational institutions; and electric generation companies. It has approximately 674,000 utility customers comprising approximately 611,000 residential, 62,000 commercial, and 1,000 industrial customers. The Gas Storage segment offers underground natural gas storage services to interstate and intrastate customers. It holds interests in approximately 9,900 net acres of underground natural gas storage in Oregon and approximately 5,000 net acres of underground natural gas storage in California. This segment serves primarily natural gas distribution, electric generation, and energy marketing companies. The company was founded in 1910 and is headquartered in Portland, Oregon.
10 Best Stocks To Own For 2014: BGC Partners Inc.(BGCP)
BGC Partners, Inc. operates as a financial intermediary to the financial markets specializing in the brokering of various financial products. It provides electronic marketplaces, including government bond markets, spot foreign exchange, foreign exchange options, corporate bonds, and credit default swaps in various financial markets through its eSpeed- and BGC Trader- branded trading platform which can be accessed through its high speed data network, over the Internet, or third party communication networks. The company?s brokerage services include trade execution, broker-dealer services, clearing, processing, information, and other back office services, as well as cover various products, including fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commodities, futures, and structured products. It also provides financial technology solutions, market data, and analytics related to financial instruments and markets . In addition, the company offers customized screen-based market solutions, which enables its clients to develop a marketplace, trade with their customers, issue debt, trade odd lots, access program trading interfaces, and access its network and intellectual property. Further, it licenses intellectual property portfolio and software solutions to various financial markets participants; and provides software development, software maintenance, customer support, infrastructure, and internal technology services to support electronic trading platforms. The company serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, investment firms, professional trading firms, futures commission merchants, and other professional market participants and financial institutions in the United States, the United Kingdom, France, Asia, Europe, Africa, the Middle East, and other Americas. The company was founded in 1999 and is based in New York, New York.
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