Lee Cooperman Shows Increased Atlas Resource Partners Stake ~ market folly

Tuesday, December 10, 2013

Lee Cooperman Shows Increased Atlas Resource Partners Stake

Lee Cooperman's investment firm Omega Advisors recently filed an amended 13G with the SEC regarding their position in Atlas Resource Partners (ARP).  Per the filing, Cooperman now owns 11.1% of the company with 6,753,919 shares.

This marks an increase of over 1.9 million shares since the end of the third quarter.  The filing was made due to portfolio activity on November 12th.

Per Google Finance, Atlas Resource Partners is "an independent developer and producer of natural gas, crude oil and natural gas liquids (NGL), with operations in basins across the United States. The Company is a sponsor and manager of investment partnerships, in which it co-invests, to finance a portion of its natural gas and oil production activities."

You can view other activity from Cooperman here.


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