For the most part this really attracted income-oriented investors. Shamrock's business is relatively stable but there are some risks involved. The company depends on Ultramar and increased delivery of oil.
More Quotes from Steve Tuen:
They're both in same industry but in different line of work. ATP is affected more directly by oil and gas prices.Steve Tuen
It's a good start in the sense that they're more subdued type of offerings, so less pure speculation is involved.
Steve Tuen
The mindset has shifted from one of wild optimism to that of conservatism. The party is over and people are starting to sober up.
Steve Tuen
California's problems bring these deals even more to the forefront. There are headlines of the rising price of heating your house. This will help ATP in the sense that they are leveraged on natural gas.
Steve Tuen
The IPO market is still relatively weak. Next week there are no deals expected to price.
Steve Tuen
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