Value Microcaps Junior Energy

[jwbstock]

ATPG

Back in the depths of the 2009 market plunge, ATPG was also in the 3's. The market is betting that the toxic combination of lower oil prices, mediocre (at best) management, and very high debt load may prove to be a mortal blow to ATPG. I've been in-and-out of ATPG over the last few years. Currently, I'm not invested since it's increasingly unclear to me that ATPG will survive in its current form. At some point the stock may get low enough to be equivalent to a call option.