ATP Oil & Gas Corp (ATPG)

Ah, the Rodney Dangerfield of the deepwater.. some day, ATPG will know glory.

This company is interesting because it buys proven resources.

portefeuille - http://caps.fool.com/player/portefeuille.aspx

I wrote blog on top oil and gas picks in May 2009 titled “Tomorrow's Exxon Mobils” available at http://caps.fool.com/Blogs/ViewPost.aspx?source=isesitlnk0000001&bpid=189090, people were mocking on that post....giving all reasons not to invest in ATPG. ATPG has almost quadrupled in this time. I should say all those guys missed sweet rides. Recent market correction has brought opportunity to increase holdings in these stocks. Again my recommendations…. don’t miss this opportunity. Let’s see what has changed for this company in last six months after I wrote that blog.

First ATPG.....three great news for ATPG

1) Discovered approximately 250 net feet of logged hydrocarbon pay in the Gulf of Mexico at its Telemark Hub, an amount that effectively doubles its predrill estimate. Read "5 stocks reaching greatness" by Rich Duprey given at http://www.fool.com/investing/general/2009/09/30/5-stocks-approaching-greatness.aspx?source=itxsitmot0000001.

2) Best Patent Award Winner...news at http://www.fool.com/investing/general/2009/09/30/5-stocks-approaching-greatness.aspx?source=itxsitmot0000001.

3) Finalist for Platts 2009 Best Infrastructure Project Award. Results yet to be declared who knows ATPG can be winner too. For finalist list available here http://www1.platts.com/GEAWeb/resources/jsp/finalists2009.jsp.

Most of the time these awards goes to Top Energy companies worth more than 20 billion market cap. ATPG being a small company, making space in these footholds of larger companies. Sales growth in last five year 52% and earnings growth at 82%. Estimated earnigs growth for next five years 15%. EPS growth for this year 118% and EPS growth for next year 1093%. Estimated EPS for next year $2.

Now some valuation numbers
Forward P/E: 8.36
P/B: 1.89
ROE: 22.31%

Significantly undervalued and providing good returns.

My prediction is this stock will be hovering above $60 in one year and this company will be worth more than 20 billion in five years. Recent market correction has brought this stock from $21.5 to $17. I will take it as opportunity to increase my holdings. This stock has second highest proportion in my portfolio after ACAS.

Outstanding company making correct decisions for future earnings..

One day ol' Jed was shootin at some food, when up from the ground came a bubbling crude. Oil that is, BLACK GOLD, Texas tea. There is a reason people refer to oil as black gold and we are soon to find out.

Cake Dex test run

Same reason I like CKH, though this one seems to be more expensive by comparison. NG stocks have huge growth potential. I think that there will be substantial movement in these stocks in the near term.

Love this stock!!

Great oil and value play, debt issue is almost gone, mild hurricane season does not hurt the company.

top secret tip

If the avg price of gas stays above 60 for the next three years, this is going to reward the investors well. Also commodity play on dollar and inflation

Highly successful deep sea driller which has been in the tank for a while and is starting to show signs of life again. With the recent sale of their Gomez asset I believe that they now have the financial capability to continue and grow as new initiatives come on-line (primarily Telemark). Solid oil prices will help keep this one afloat and out perform the market from here.

Oil and gas. The economies life blood

Despite cutbacks in production, now oversold at under $21.

Fuel prices are going up, and I fear equities are going down this fall....

Blindly following portefeuille

Great company, undervalued.

This one is a good example that the stock price follows P/book-value or P/E and it is PREDICTABLE. At the prices of $8 two months ago, the market value was almost the same as book value, which was too low. In less than 2 months, the stock prices jumps 100% and makes me very happy since I played it for real.