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ATP OİL & GAS AO Message Board

  • joeschmo_4 joeschmo_4 Jun 24, 2011 1:20 PM Flag

    The ATPG Root Canal Continues

    Part of this is concern over Europe (nothing new), fears of suddenly plentiful and cheap oil (overblown IMO) and a slowing economy.

    Tie it together with a highly leveraged balance sheet, no earnings since 1QTR 2009, uncertainty about operations and a tired low-volume trading environment and you'll get what we have today.

    My take - if you're not top heavy in ATP shares in ones portfolio - to have patience - go cut the grass, turn off the d@#m computer and don't lose sleep over what we can't control anyway.

    Despite some complaints on this board about ATP management, I've still noticed a more professional attitude from them since early Spring. Making mistakes is OK, not learning from them is not. I think they're learning.

    Cheers to fellow Longs,
    Joe

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