The company has been trading in a range near $6 to slightly over $7. You could accumulate the stock whenever it drops near $6, and if you want to trade it out at $7.15, you would make 16% on your money during each cycle. It might be worth holding onto a core amount of stock for whenever it moves toward $20 per share, though.
Tuesday, December 27, 2011
ATP Oil and Gas
ATPG has a lot of oil and gas in the Gulf of Mexico that they will be able to monetize sometime in the future. This company is probably worth $20 or better. If we have trouble getting oil from the Middle East due to Iran, ATP Oil and Gas may be catapulted in price by 200% sooner rather than later.
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