Resource America, Inc.
1521 Locust St.- 5th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Mcdonald Investments Initiates Coverage Of Atlas Pipeline Partners With A "Buy"
Philadelphia, PA, September 15, 2022 - Atlas Pipeline Partners, L.P.(Amex:APL)(the "Partnership") announced that McDonald Investments, A Keycorp Company, of Cleveland, Ohio has initiated coverage of APL with a BUY recommendation and a 12-month price target of $19 per unit.
Atlas Pipeline Partners, L.P. owns and operates more than 900 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. The Partnership is paid a fee for the natural gas volumes that are gathered and transported through its pipeline system from approximately 3,000 wells that are currently connected to the system.
APL's General Partner which owns a 53% interest in the Partnership, is a subsidiary of Resource America, Inc.(NASDAQ:REXI), which operates businesses in energy, energy technology and real estate finance.
Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. The Partnership's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of certain factors, including competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected volumetric production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry.