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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Farmer who wrote (4199)7/30/1999 4:53:00 PM
From: Casey  Read Replies (1) of 4851
 
<< plus stock buy-back plans (you heard it here first).>>

If this is true, it is a pretty poor use for this company's cash. A stock buyback only makes sense if the company is sitting on a horde of cash that it doesn't really know what to do with. UP sure aint in that position. Their best use of cash is to finance drilling leading to production, period.
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