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FPA Capital Comments on Atwood Oceanics

October 31, 2012 | About:
Holly LaFon

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.


Rating: 3.0/5 (7 votes)

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