ATPG...Could be a nice zip code changer to the upside from today's prices (but you never know). Currently trading in the $2.20's to low $2.30's, I'm guessing this is close to the bottom, but time will tell.
(BTW, ATPG is now trading 20% lower than their 2009 lows when oil tanked to $40 a barrel).
ATPG's current market cap = $118M. They may have a mountain of debt but the company is worth more than $118M IMO at today's oil prices.
At these prices, the shorts are no doubt going to start getting the itch to cover (IMO, unless the price of oil collapses), seeing how Q3, Q4 could easily bring much needed good news to this company.
Shares short (as of 7/13/2012) = 17.3M (39% of float).
We'll see what happens.
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