ATPG and CRK
Posted: Tue Apr 12, 2011 7:34 pm
Hello Dan, I will like to know your thoughts on ATPG and CRK? I have them for a long time from the earlier sweet 16s, thanks; Omar (the caribbean guy)
I haven't looked at either of them closely for several months.
ATPG is the higher risk. They have a lot of debt to deal will. They need to get approval from the Feds to get more wells on-line. The good news is that they have a lot of oil sitting out there.
CRK is heavily weighted to natural gas. I'm bearish on natural gas for at least this year.
My recommendation is that you move the money into companies heavily weighted to oil.