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Atlas Energy Investing Question
Posted on 12/5/14 at 11:11 am
Posted on 12/5/14 at 11:11 am
I just received an invite from my Financial Services firm to hear about Atlas Resources Series 34-2014. I have no experience with energy investing. Is this legit? Something I should consider going to? Atlas is hosting the event and the unit cost is $25000 per.
1
Posted on 12/5/14 at 11:14 am to TXTIGERTAIL
Atlas Resources is a MLP. Maybe they are offering new units? It's probably legit, might be neat to go hear a presentation directly from them.
Posted on 12/5/14 at 2:42 pm to LSUFanHouston
An MLP that is being bought by Targa.
Posted on 12/5/14 at 5:14 pm to Duck
Atlas is a drilling program where you invest money. You get a direct tax write off of around 85% of your investment for IDCs. You then receive royalty checks as long as the wells produce. It is a decent deal if you have a lot of income and you want to offset taxes.
Posted on 12/5/14 at 5:15 pm to Janky
I think atlas pipeline is the MLP. I am pretty sure they are not the same.
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