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ATP OIL Message Board

  • delayma02 delayma02 Aug 24, 2012 10:45 AM Flag

    Is this real??

    If I read this correctly - "Chapter 11 petition showed $3.6 billion in assets and $3.5 billion in debt", this means that company is still not in very bad shape? Definitely, the company is listing all assets and liabilities at face value and fair price?

    Does it mean, if the company can buy some time to get the drilling started again and sell some assets, they may be in good shape.

    Only serious investors need reply.

    TIA

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