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FPA Capital Comments on Atwood Oceanics
Posted by: guruhl (IP Logged)
Date: October 31, 2012 11:23AM
As one would expect in a rising market, we reduced several positions in Q3. Notably, we reduced Atwood Oceanics (ATW) due to the stock price appreciating 20% in the quarter, reflecting the prospects of stronger profitability due to robust oil prices.
From FPA Capital’s third quarter commentary.
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