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The GOM disaster has created a great buying opportunity in ATPG. The shares have been hit hard and insiders have been buying up in hords. I doubled down today.

Categories: Updates
  1. June 9, 2010 at 9:29 am

    Those are stock grants (restricted stock). Only two of those buys (which are small) are real buys with personal money.

    • parasd
      June 9, 2010 at 9:35 am

      Agree. I didn’t see the footnotes until after I posted.

  2. Aaron
    July 25, 2010 at 8:44 am

    any comments on atpg currently? stock is is heavily shorted , 35% of the float.

    • parasd
      July 25, 2010 at 12:22 pm

      There is still much uncertainty related to how the government will act to the oil disaster, what regulation will come out of it, and how it will impact the deep sea drillers. ATP will likely trade at a huge discount until the MC941 #3 well is in production or some clarity comes related to any new regulation for drillers. The well was suppose to be in production by end of July. So we should have some update in a week or so.

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