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ATPG - $38.16 - ATP Oil and Gas Corp ** Stop loss $28 **

ATP was a presenter at the conference and I was impressed with their presentation. They are undergoing a rapid increase in production that is not currently represented in their stock price. See the chart below. Q2 production more than doubled Q1 and there are more changes just ahead.

You can listen to the full presentation at the link below. Use the Windows media option to view the slides. (They will not change automatically) http://tinyurl.com/n3ffr

ATP Production increase chart

Company Info:
ATP Oil & Gas Corporation (ATP), incorporated in 1991, is an offshore oil and gas development and production company operating in the Gulf of Mexico and the North Sea. The primary objectives of the company are to develop already-discovered reserves not strategic to major or exploration-oriented oil and gas companies and to achieve a high rate of return for ATP from such low-risk developmental projects. ATPs expansion from operations on the Outer Continental Shelf into deepwater in the Gulf of Mexico and extension into the North Sea significantly increase the opportunities for the company. ATP became a public company in February, 2001 and is traded on the NASDAQ under the symbol ATPG.
ATP operates exclusively offshore and has addressed projects in Gulf of Mexico water depths from 12 feet in the Eugene Island Area to deepwater 1350 feet of water in Garden Banks; in the North Sea projects range from 50 to 200 feet of water depth. ATP understands this environment and applies advanced sub-sea technology to speed up development and lower capital costs. ATP has been frequently recognized for pushing existing technology to a higher level and is a leader of companies utilizing subsea technology and performing its operations in an environmentally sound manner.
At December 2002, ATP had leasehold and other interests in 50 offshore blocks, 29 platforms and 70 wells, including six subsea wells, in the federal waters of the Gulf of Mexico. ATP operates 55 of these 70 wells, including all of the subsea wells, and 76% of our offshore platforms. ATP also has interests in seven offshore blocks and one company operated well in the UK Sector North Sea and one offshore block in the Dutch Sector North Sea.
Buy 2009 $40 LEAP Call VCL-AH currently $11.70

Entry $38.16 (8/20)

 

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