{"id":29214,"date":"2012-06-17T12:57:00","date_gmt":"2012-06-17T12:57:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/atp-oil-gas-shares-rally-atpg\/29206\/"},"modified":"2012-06-17T12:57:00","modified_gmt":"2012-06-17T12:57:00","slug":"atp-oil-gas-shares-rally-atpg","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/atp-oil-gas-shares-rally-atpg\/29214\/","title":{"rendered":"ATP Oil &amp; Gas Shares Rally (ATPG)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2012\/06\/ATP-Oil-Gas.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-29215\" title=\"ATP Oil &amp; Gas\" src=\"https:\/\/storage.googleapis.com\/smw-news-wp\/2012\/06\/ATP-Oil-Gas-300x182.jpg\" alt=\"\" width=\"300\" height=\"182\"><\/a><\/p>\n<p>Shares of ATP Oil &amp; Gas Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=ATPG\" target=\"_blank\" rel=\"noopener\">NASDAQ: ATPG<\/a>), a Houston, Texas-based company engaged in the acquisition, development and production of oil and natural gas properties, surged in trading on Friday.<\/p>\n<p><span id=\"more-29214\"><\/span><\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>ATPG shares rose to an intra-day high of $6.16 on Friday. The stock ended the day 29.78% higher at $5.23 on above average volume of 12.81 million.<\/p>\n<p>ATP Oil &amp; Gas shares rallied after the company filed a lawsuit against the U.S. government for suspending offshore drilling following the Gulf of Mexico oil spill in 2010. ATPG is seeking over $68 million in damages from the U.S. government. The company alleged in the lawsuit, which has been filed in the U.S. Court of Federal Claims in Washington, that the U.S. government\u2019s moratorium on all offshore drilling was improper and illegal. The company also accused the government of unlawfully delaying the issuance of permits once the moratorium was lifted.<\/p>\n<p>ATP said in the complain that it had to incur substantial financing costs to obtain working capital in order to replace revenue it lost due to delayed production.<\/p>\n<p>Earlier in the week, ATP Oil &amp; Gas also announced that it resumed production at the ATP Titan platform, which serves the company\u2019s Telemark Hub.<\/p>\n<p>Earlier this month, ATP Oil &amp; Gas announced that Matt McCarroll replaced T. Paul Bulmahn as CEO. Bulmahn continues to serve as the Chairman of ATP Oil &amp; Gas.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20120619172825\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fthestockmarketwatch.com%2Fstock-market-news%2Fatp-oil-gas-shares-rally-atpg%2F29214&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/stocks-extend-gains-on-fed-hopes\/29376\">\nStocks Extend Gains on Fed Hopes<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/global-expansion-fuels-marriott-earnings-growth-mar\/29357\">\nGlobal Expansion Fuels Marriott Earnings Growth &#8211; MAR<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/belden-inc-bdc-commenced-its-offer-to-acquire-all-of-the-outstanding-common-shares-of-miranda-technologies-inc\/29358\">\nBelden Inc. &#8211; BDC &#8211; Commenced its offer to acquire all of the outstanding common shares of Miranda Technologies Inc.<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/kkr-co-l-p-kkr-to-acquire-prisma-capital-partners\/29359\">\nKKR &amp; Co. L.P. &#8211; KKR &#8211; To Acquire Prisma Capital Partners<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/praxair-and-midrex-sign-strategic-alliance-to-commercialize-technology\/29360\">\nPraxair (PX) and Midrex Sign Strategic Alliance to Commercialize Technology<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/brookfield-office-properties-bpo-to-acquire-portfolio-of-office-buildings-in-city-of-london\/29361\">\nBrookfield Office Properties &#8211; BPO &#8211; To Acquire Portfolio of Office Buildings in City of London<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/zumiez-inc-zumz-acquires-blue-tomato\/29362\">\nZumiez Inc. &#8211; ZUMZ &#8211; Acquires Blue Tomato<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of ATP Oil &amp; Gas Corporation (NASDAQ: ATPG), a Houston, Texas-based company engaged in the acquisition, development and production [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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