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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Hickory who wrote (4275)8/24/1999 1:27:00 PM
From: Hickory  Read Replies (1) of 4851
 
The market currently is valuing Key West (which bought out Colt) at about 10 times projected annual earnings.

When will UP have EARNINGS that will attract INVESTORS rather than wishful thinkers? And at what multiple will INVESTORS value UP's earnings when they do come (should I be writing "IF they come?")?

I'm glad for the tidbits of good news. They sure are better than getting whomped with bad news. But, as Elizabeth and Gerald point out, we're a long way from a self-sustaining and EARNINGS-generating drilling program.
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