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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: upultra who wrote (4050)4/16/1999 2:31:00 PM
From: Hickory  Read Replies (2) of 4851
 
Upultra and others,

I can't see why you think Watford is such as asset to the UP. Basically, he raised a lot of capital for Nuevo in an environment of rising oil and gas prices, when Wall Street was jumping on the bandwagon. That was a rather easy task.

Watford built a company that is losing money. Wow!! great accomplishment!!! Sure hope he isn't similarly successful with UP.

I am still long UP, haven't sold any of my holdings. It has huge holdings with what I believe is great potential. But UP can only tap that potential if it can get enuf capital to pay for expensive wells. And it can't get that capital by selling shares--not at less than US $1.
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