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-- look at one of my compelling stocks from last week atlas pipelines that provides natural gas gathering processing and treating services.
Over the past year the stock is sort over 40%.
And its dividends are up by 50% joining me now as the company's president and CEO -- today -- congratulations first and foremost.
Why are you guys going so well.
Well thank you sir first.
Appreciate your having.
We're doing well really because the industry is doing well and we're paying attention to our business.
Well you know most CEO's who come on a city and Jersey is okay but we're doing better than the industry are you -- arrived hotels there -- -- -- A great time for everybody.
It is a great time for everybody but I think we we have done well paying attention to what we do well I think we've tried to pay attention to our customers.
We've tried to anticipate their needs and we've tried to.
Manage the business growth in a way that really we maximize return for our shareholders and I think so far the last couple years we've been able to do that.
Well let's talk about -- so macro situation that that's benefiting you and your rivals.
What's driving the business right now why is -- business so great.
Well -- the sciences improve the business quite a bit I'd say the signs on the exploration and production side and the exploration side the seismic.
Science -- improve greatly sewage drilling rig is is more productive and on the production side with the horizontal drilling in the new tracking procedures a lot more oil and gas is made.
Accessible and then it then -- eighty -- a hundred dollar oil price the liquids price the economics are right so between the signs of the economic -- it's really been a boon to the industry.
In the and we benefited from that we've benefited of course from our bloom we've got a good group of employees are decision making has been good.
And we've been able to benefit from that as our customers have.
Now an airline industry is obviously go up and down -- say everything's cyclical.
How are you managing for this boom time do you guys still anticipate this -- go on for the next couple years at least.
Yes we do -- we -- we are you know were -- realistic and we do you realize as you say that this is cyclical business so we.
We are commodity sensitive and we try to hedge out those commodities.
Were pretty much hedged.
Through the next twelve months and we hedge the value half of our commodities.
Twelve months after that's were really hedged.
Pretty well four point four month period going forward.
Now obviously you know -- it's a typical business this is this a -- tally of any industry but.
-- industry may run up against some not business issues when the political arena.
They militants -- saying I -- to your website you guys have this big beautiful pipeline.
In a sea of Green get -- all over the place.
But that's not the picture that a lot of Americans are getting beer industry.
How big longest -- really safe and that you think.
Maybe politicians to set to them.
It will anything's possible but I think the I think fracking is safe and and we operate principally in Oklahoma.
Texas and Kansas.
We have a good history with the regulators in those three states and it's our intention to operate.
Not only within the -- but in compliance with the specifics of the -- -- in this -- the -- so we're we're trying to hit stay ahead of -- of where we expect compliance in the regulations to be.
And I think so we'll have our bumps it's up to us to maintain the -- that reputation I think we're doing that and I don't see impediments.
To our future growth.
From the regulations that are coming about actually.
Well congratulations I think you were too modest you guys have been going very done very good job Jane debate CEO balance pipelines thanks for coming on.
Thank you very much for having me appreciate your time.