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EnvestorFirst (< 20)

ATPG Oil and Gas: Playing Hard Ball



March 22, 2012 – Comments (1) | RELATED TICKERS: ATPAQ.DL , BNO , USO

ATPG reported their earnings earlier this week. What did they report? Seems like all good news on our end. Here are the important numbers brought to you by Seth Jayson.

"Revenue details
ATP Oil & Gas notched revenue of $177.7 million. The four analysts polled by S&P Capital IQ hoped for a top line of $171.1 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter’s $141.7 million.

EPS details
EPS came in at -$0.56. The three earnings estimates compiled by S&P Capital IQ forecast -$0.62 per share. GAAP EPS were -$0.56 for Q4 compared to -$4.06 per share for the prior-year quarter."

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1 Comments – Post Your Own

#1) On March 23, 2012 at 12:19 AM, awallejr (34.58) wrote:

ATPG really is a 3rd quarter story now.  They got hurt hard by the BP oil spill.  But with Telemark production increased and eventually Clipper coming online, this company should become cash flow free positive.  Shorts can try to be greedy, but really BK is off the table.  Great entry point for new longs right now.

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