Wednesday, August 24, 2011

ATPG Oil and Gas might be worth a play....

Shares of ATP Oil & Gas (ATPG +6.2%) get a boost this morning, after the driller says it has successfully brought online the well at its Telemark Hub location in the deep-water Gulf of Mexico after a 16 month delay.

ATPG currently trades at 10.82.  It traded above $22 a share before the BP spill and subsequent ban on offshore drilling was instituted.

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