“ATP Oil & Gas Corp. (NASDAQ: ATPG) is joining the bankruptcy crowd. The oil company in the Gulf of Mexico filed a voluntary Chapter 11 bankruptcy petition in order to undertake a comprehensive financial restructuring.”
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“OK, so the guy we appointed to sell the carcass? He quit after a week. So we have to throw some bones to the bondholders, but once that’s done, we can still turn the lips and asshole into some tasty summer sausage!”
– (Not really the) actual minutes from an ATPG board meeting.