tag:blogger.com,1999:blog-6009642928029215494.post8686660278441848307..comments2021-02-12T22:58:51.108-08:00Comments on North American Value Investing: ATP Oil and Gas - Imminent BankruptcyUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6009642928029215494.post-8244165422536348082012-08-21T11:44:19.358-07:002012-08-21T11:44:19.358-07:00ATP secured a $600 million-plus "debtor-in-po...ATP secured a $600 million-plus "debtor-in-possesion" loan, which will allow the company to continue operating even as it moves through the bankruptcy process.<br /><br />While there is a lot of variability between different bankruptcy cases, secured creditors will be first in line to be repaid, unsecured next, and common stock holders at or near the bottom of the pecking order, hence the current stock price.<br /><br />Visit this link for a good overview of US bankruptcy filings:<br /><br />http://www.investopedia.com/articles/01/120501.asp#axzz24CtrIUyFNA Value Investorhttps://www.blogger.com/profile/05799670868376160436noreply@blogger.comtag:blogger.com,1999:blog-6009642928029215494.post-87183864389122347042012-08-18T13:30:57.331-07:002012-08-18T13:30:57.331-07:00Very educating thread- been really interesting rea...Very educating thread- been really interesting reading the whole thing now, from high expectations to the painful fall.<br /><br />Assuming the court will aprove the filing, how do you believe ATP will go on operating with all of it's suppliers trying to cache what is owed to them?Anonymousnoreply@blogger.com