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ATPG looks like good oil/gas play long term

ATPG  an oil/gas play has had a good growth profile with all of its property in the gulf of Mexico and offshore U.K very safe areas.  The company reports today.  The company is generating huge piles of cash, and looks like a good take over target given it’s low valuation. I did not buy ahead of earnings; but, think it might be a decent play. A good play with a longer term out look.  The company is replacing 200% of reserves as of recent quarter, and has expansion under way for production.   The company has hedged is oil production at $65 which at this point was dumb, and I think is hurting the stocks upside.  Here is a link to a web cast of recent developments http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=123846&eventID=1744012

entertainment purposes only 

February 29, 2008 - Posted by | Uncategorized

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