GOM Energy company like ATPG may soar next week

ATPG up 3.4% after market after house approves a new bill on deep water drilling on Friday afternoon.

1. BP is going to do static kill the well next Tuesday.

2. New bill on drilling modifies six-month moratorium on deepwater drilling, drilling could be started if it meets new safety standard. The new bill removes liability cap for oil company, but what really matters is: it only require company to demonstrate $300 million financial responsibility. So it is manageable by company like ATPG to continue its business.

3. The BP Spill: Has the Damage Been Exaggerated?

http://www.time.com/time/nation/article/0,8599,2007202,00.html


Related links:


House approves bill on drilling, oil spills:

http://news.yahoo.com/s/ap/20100730/ap_on_bi_ge/us_gulf_oil_spill_congress

Oil Companies Face Unlimited Liability in Bill Passed by House

http://www.businessweek.com/news/2010-07-31/oil-companies-face-unlimited-liability-in-bill-passed-by-house.html