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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: debra vogt who wrote (4424)9/30/1999 8:53:00 PM
From: Bob Walsh  Read Replies (1) of 4851
 
Hi Debra. I first bought UP in June 1996 and went through the rise and fall. If I were smarter I would have sold near the peak but at least I sold enough to give me a zero basis (wish I had done that for three other stocks). One of the past "bashers" (Elizabeth) should have been listened to but another sort of got in the way and colored Elizabeth in my mind (wrongly).

UP does appear to be on the path of steadily improving cash flow and earnings. Perhaps in a few years we will get back to the old highs (the increasing price of oil and natural gas will assist greatly).

Regards,
Bob
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