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2morrowsGains

07/27/12 9:23 AM

#7098 RE: littlejohn #7095

ATPG...30% is probably close but gas prices were lower 2 months ago at the time of ATPG's last cc and there was nothing that indicated BK in managements remarks during the conference...
http://phx.corporate-ir.net/phoenix.zhtml?c=123846&p=irol-audioarchives
BTW, Shimshon is an interesting gas property that could easily double the size of ATPG's total reserves and gas prices are much higher in that part of the world. Should hear more on that before y/e.
Anyway, based on managements remarks in the cc there are several events that could take place over the next couple of months that could help ATPG.
Time will tell what happens from here, but the $1.30's this morning look attractive IMO, and it could go lower.
I agree w/ researcher, it's certainly going to be interesting to watch developments.
Earnings should be out in a couple of weeks and will probably not be pretty, but what will be more interesting is where they're at on developments.
Market cap is down to approx $69M this morning!! (based on $1.33 share price).

ATPG's latest presentation from April...
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTM0ODUzfENoaWxkSUQ9LTF8VHlwZT0z&t=1