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Gold/Mining/Energy : ATPG Shareholders
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To: Positron who wrote (3078)5/3/2013 3:35:49 PM
From: BuckeyeOil2 Recommendations   of 3620
 
My thoughts are based on this being a go forward company with hard assets...platforms, infrastructure, geology, equipment, leaseholds, etc that have had real dollars (couple billion +) poured into them. They become valuable once again to a cash flowing company that has had its overhead pared. They have many more possible GREAT locations should they get out of this mess. The cash would obviously come from a lender or a JV partner that could look at a scenario like this and believe that with debt at $1 to $1.5 billion at some normal rate in todays environment, the company will have $750 - $800 million in revenue to service it with.....I assume strongly ORRI holders will HAVE to make a deal........I assume strongly there will be money from BP of at least several hundred million....I assume strongly the next Clipper well comes on and flows like projected.....IF these things happen, my scenario is definetly possible......Or some variation of it......I also believe that as the DIP goes along they may WANT to stay in the game with some or all of their loans and become part of the Newco as this company has huge potential as the new platforms come that take YEARS to build.....

ANYway, just another view....I like to get the shorts all up in arms as they want people to believe there is no other way and there is....may or may NOT happen but there are possibilities with this ESPECIALLY with $3.1 BILLION suit with BP.....

PS...I am an optimist....it gets me injured now and then....But I LOVE seeing shorts BLOWN UP.....
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