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ATP Oil & Gas Corp. Message Board

  • shixundan shixundan Aug 9, 2011 1:37 AM Flag

    ATPG beat estimate +$0.14

    If you look at the yahoo estimate and actual earning for Q1, it is -$0.96/shr, not -$2.34/shr since some items were not included in the estimate. For Q2, same story. "Several items analysts often exclude from their published estimates. Those items include impairment expense of $45.7 million, workover expenses of $17.3 million and $1.2 million of drilling interruption costs associated with the Gulf of Mexico moratorium.", If account for that, the real earning is +$0.14. The street knows this.

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    • JP Morgan who has a sell on the stock has the Q2 estimate at -$1.55 vs consenus $.32. Their CFPS esitate is $.07 vs consensu $1.32. I don't know how the market will react to earnings but the Company is now trading at levels in Summer 2010 when it seemed possible that deep ocean drilling in the Gulf of Mexico could be banned. WTI Oil is back to 2008 levels so it seems that much is factored in.

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