bfras921

10 Upcoming Catalysts for ATP Oil and Gas

look,im long atpg but you are extremely bullish because you own alot of shares

first off, telemark is late, last year they said they would be producing in q3 09

2.you keep saying this thing is worth 5.0 b, will if its worth 5 billion sell off 20 % at 1 billion and pay all the debt off and stop diluting us

3. debt is out of control
4th. mgt could have bot back shares at 4. instead they issued more at 8 and some more this week. you said they would be buying back share. instead they did just the opposite, they issued shares
5. the interest on the debt is 100 m per year 1 m every 3 day's
6. when they sell of titan or innovator just means they have a new operating expense they didt have before

that like buying a bmw for 100,000 and you neeed cash so you sell the car and lease it back. he leas payment will exceed the acquisition cost

atpg spends the money first, then raises money after the fact to cover the invesment

they got it azz backwards. they should raise the money , thend spend it.

if they did that they could have sold 20 m shares at 50 and raised one billion in cash, now they are diluting everyone cause their back is against the wall

someone called it delution and i thinks thats what you are suffering from delusions of grandauer.

let say they do 600 m in cash flow next year 100 m goes to interest, 50 m to principle leaving 450 m for cap exp. they need another 1 b for octobuoy, so there is nothing for debt repayment even though production has soared

get real, please