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ATP Oil & Gas Corp. Message Board

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  • betabundle betabundle Apr 11, 2005 9:29 AM Flag

    What basis

    If Gomez comes on as expected, the stock should be on the way to or already past the 40's.

    A cash flow rate of over $8 per share and the prospect of building a super balance sheet over the following year will attract much
    additional institutional support.

    And much more to come.

    BTW I too did some partial profit taking, just to make my position bullet proof.

    bab

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    • yes, thats a possibility..but i don't think so. Your asking for almost 100% appreciation in 8 months.

      What more information is going to come out by then except a completion exercise at Gomez? Yes they have some very good looking N/Sea prospects moving forward but the catalyst is in the Gulf. Reserves adjustments will not be known till 2006. I think the bell curve peaks more at 30 then 40. Drilling will keep production steady till Gomez comes online but that still takes time to result in Sales..there always the possibility of cash flow out the sector too given flows of oil into the country. I think oil could drop in price over the coming months..I love the sector, don't get me wrong and I am not bashing ATPG which i bought when it was under $4 a share but 40?

      Dale

 
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