Take a look at ATPAQ
The judge appointed a EC on this one.
No 8K regarding that the commons will be canceled.
Conservative buyers out there, and many of them for the past few weeks.
Not many speculators driving the price up. That's a good sign. Smarter investors are here at the moment.
We will all wait and see.
I am only guessing about your purpose as a hobby because I may have lost at least 1 marble. I wouldn't be shorting it either. Your options contracts could have nothing to do with this level if your options contract was issued in the past.
I would bet that there are other identities polluting our waters. I would agree with your conservative feelings. It's not as bad as it seems. Todays dogma makes your feelings believe this. Oil is the best pollution you would not want to have. It is extremely biodegradabe. Processed oil can be completely degraded within 6 months. Crude oil much quicker. A good example would be the BP disaster. They are now noticing the chemicals used to contain the oil rather than the oil itself.
So again leave your emotions out of it. Do you think the business men of the world are worried about you or me or the fishes?
The president's actions did contribute to the pain. It was a politcal knee jerk reaction. They were saying all of the fish were going to die, that it was going to cripple the economy in the area for 10 yrs, they said everybody associated in the marine world were not going to have any jobs. The shut down accomplished nothing, saved nothing, and only cost people money.
I am sure the suppliers in the GOM didn't enjoy it, but then again they have more work than they can handle.
Options perhaps. Probably shorting it or associated with those who are. Not a probably but more of a certainty.
Good luck trying to stop this one. Better warn your friends.
They have made enough money shorting this ticker already. That is why this one will move quickly when the general public starts to realize that the lein holders will be paid and the shareholders will continue. This stock has always moved quickly.
You would like to see the folks sell thier current stock and you would rather undermine investor confidence because you are or are involved in other who are shorting the stock.
I understand that is how money is made....by manipulating the fools. They have to understand that for themselves...I get it.
But your angry of somebody tries to help the fools out. I get it.
Everything is cyclical. You noticed this company back in 2006-2007 it was at it's peak and you traded the stock. Your supposed to buy low and sell high. Appears your polarity is reversed. You supported the stock at $20 plus, but will bash it now that it is .03. The company fell into hard times primarily because of the BP disaster. A few other things on top of that contributed. They got a little greedy and oil drunk and operated inefficiently. That does not erase the fact that they are very good at drilling and exploration, and at playing the game. They just acted like a kid in the candy store...drunk off chocolate.
They are no longer the independent and childish management team. The good thing is that the BK case has pulled in people who will contribute and regulate these adolescent team into healthy and strong teenagers.
You believed in them when they were at thier peak of being greedy and oil drunk. You seen what they are capable of. You probably don't understand how quickly this can turn around. The US is in a oil boom right now. Now this company is surrounded by committee advisors and general regulators. Everybody does a better job under those arrangements, and they will teach them a few things.
watch and learn
Clearly states that it is an opinion. There are only blanket general ideas that are logical but not written in stone.......currently lol
This isn't about trust. The entire oil industry is not trustworthy. The entire shipping industry is not trustworthy, ...etc. Trust is an emotion. Emotions do not belong in your investment portfolio.
This is a better time to be an oil & gas company. That is why it is hard to justify bailing these guys out. Don't worry, the judge is punishing the management by not allowing them the way out. They are going to have to sit on the sidelines for a short while and manage the properties. This is punishment. Every driller wants to explore and drill for wells. They get oil drunk and greedy. Now they have to be accountable and manage the business until they get back on both feet again. By then they bean counters will be drunk and greedy and be begging T. Paul to tell them where to drill and how to do it.
That is how they will be back in the game.
There is no reason why this one would not turn out in favor for ALL. At this point I would like to believe that the objective has now shifted. It's only good business to move forward. The comitee is fair and balanced now with multiple vested representatives supporting the preferred and common stock. The multiple lien holders will and have benefited enough to generate the next chapter. ATPG's management had always set up the first lien holders, and some additional with what they felt was the most lucrative assets. This set up transfer of these assets into the hands of bean counters and investors. People ultimately who are incapable of independently running the company. Now ATPQ management can step in to operate the business. And who better than people who know and understand the industry. Next they will manage and operate the assets for the new management contract, and operate the existing properties to satisfy the remaining royalty contract obligations. After that, things can and probably will move rather quickly. The company is going to be surrounded by investors and the roots will already be there. There's going to be room to re-grow. They will be fronting T.Paul $ to drill more wells by 2015. And they will do it with the houses money while they repay themselves with interest on the first loan. There is a perpetual wheel at hand. ATPG had a have dozen very productive wells set up to start up just before the string of bad luck. They know where to go and what to do. T. Paul knows everybody on in the neighborhood already. It's a no brainer. There is no 8K stating that the shares will be canceled. The honorable judge would have pushed that. Secondly he rejected the low-ball bid and strongly recommended that the lawyers and management adopt a solution that is fair and just. This sends a strong clear unwritten message. It also forces the management to make thier beds and deal with it instead of writing it off.
A honest and accountable message.
I think the main take home message is not to listen to other people when it comes to your personal investments. Motely Fool and Seeking Alpha probably gave you opinions that you gambled on.
Did you learn anything about companies who borrow and borrow and borrow? Can it be blamed on T Paul, the industry, or the events created by the BP disaster?
There are proven and estimated reserves. Both of which are science and speculation.
Any supplier in every industry is the same. Pay the bill and continue the relationship.
Nobody is squeezing anybody out. They will contiune to generate income and pay off debt. They wil continue to operate and manage transfered assets. As the debt burden is lifted, new chapters will be written. As technology evolves they will be able to restart abandoned wells and make them profitable.
They have to slow down and take care of loose ends first, and the judge is not going to allow them to sweep this under the rug by writting this off.
I don't know, why don't you ask him.
Get a clue and get off the glue. It is making you think about things that are not true.
The judge understands what is going on. His judgement issues accountability.
Does or would anybody under value thier reserves? This goes accross the board and beyond the oil industry.
I do not have to think or guess if anyone is going to to business with them because I prefer to deal with absolutes.
ATP management has been hired to manage much of assets recently sold. ATP debt was purchase by lenders and investment groups and they want the company to continue to manage certain assets.
Anadarko accepted the responsibilities. It is quite common in industries accross the board. You get the good with the bad. In fact it is the prime contractors who stomp out the little guys. That is how they make money..the big guys...by squeezing thier subcontractors or the other little fish. T. Paul's experience probably is at hand in that cost savings move. The courts have decided that already.
Now they say...it may be a decent entry point, but hint not to buy it because it is going down.....
They don't really want you buying it now, but just to wait more so you can get a better deal.
Sounds like the Iran deal will fall apart. Pushing the gold back up into the $1500 range. There is too much speculation in Iran now to be pushing the metal down so rapidly at this moment.
There are men who want trouble and higher gold profits. There are men who control corporations who want gold to lower and prosperity to take over. People are sick of the doom and gloom. Except that is the puppet masters specialty.
Something makes sense, but only the puppet masters know exactly what.
I can only imagine.
The price of gold goes up...then sell your gold.
It goes down.....hurry up and sell your gold.