ATPG. Because ATP is deep-water GOM, an ATP analysis has to include the ramifications of the GOM oil spill and government's subsequent responses, such as delaying permitting or increasing inspections. There's right now some question as to which exploratory wells or production-ready wells in the Gulf are immediately affected. (ATPG may have one or more.) In my opinion, it's too soon to see exactly how ATPG will be affected by these new rules and promulgations. That said, it still seems to me ATPG's major producing platform, Titan, will continue its hookups and its planned increases in production. With this, the stock, imo, is very undervalued. The market seems to strongly disagree.
For a "nice, detailed analysis", a purely numerical one though (spreadsheet), here is:
samtibbs.com
The person developed it and posted it on Yahoo's ATP message board. |
