Wondering whether there are any ATP fans out there. This company follows behind the larger companies operating in the Gulf of Mexico and the North Sea (off the UK coast), picking up the small scaps they left behind. They do no exploration themselves and thus are less risky than most other E&P companies. Other companies have used this "acquire & exploit" strategy but this is the first one that I've seen that is doing it successfully offshore.
They have had some problems in the recent past but appear to now be turning the corner. Would appreciate any comments. |
