The second thing I looked at the money pit which was Alpine High which a year ago was absolutely a disaster. Now with Waha starting to be on par with HH, it looks much better, and I think Apache is completing more wells.
If you believe high levels of activity will return to Alpine High, ALTM would be a huge beneficiary. Its current price includes its pipeline ownership positions and a small portion of its AH assets. Trading at $50, they announced a $1.50 quarterly dividend. Downside should be limited by its pipeline ownership positions.
