ATP Oil & Gas (ATPG -29.2%) plummets at the open on a report that bondholders are organizing...

|About: ATP Oil & Gas Corp. (ATPAQ)|By:, SA News Editor

ATP Oil & Gas (ATPG -29.2%) plummets at the open on a report that bondholders are organizing a group to represent their interests in a potential restructuring. ATPG has been battered by production delays, missed output targets and a cash crunch that jeopardized its ability to cover debt payments.