12-28-2011, 05:43 PM
Bincbanker,
I agree with your 737 analogy and previously got out of ATPG as well, but when it reach sub 7 I got back in. Yes, the risk and debt are huge, but the assets are solid and management are highly technically skilled. That along with the huge discount to PV-10 and my opinion of Oil pricing makes it a good holding, very risky, but good.
Best,
Sam
I agree with your 737 analogy and previously got out of ATPG as well, but when it reach sub 7 I got back in. Yes, the risk and debt are huge, but the assets are solid and management are highly technically skilled. That along with the huge discount to PV-10 and my opinion of Oil pricing makes it a good holding, very risky, but good.
Best,
Sam

