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Nissa Darbonne
January 4, 2002
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A year ago, 100% employee-owned ATP Oil & Gas Corp., Houston, was preparing to sell 7.5 million shares in an initial public offering. A peer, New Orleans-based Energy Partners Ltd., had priced two months earlier and seen its stock tumble. Another independent, Denver-based Westport Resources Corp., had begun trading a couple of months earlier and its shares were performing fairly well.

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