Ultra Petroleum (UPL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ultra Petroleum (UPL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gerald Atwater who wrote (4452)	10/7/1999 12:41:00 PM
From: Hickory	Read Replies (2) of 4851

Thanks, Gerald and ISPYOIL, for the drilling reports and the news about Questar's assessment of Pinedale Anticline prospects. Yes, it is encouraging that someone else in the business thinks the prospects are good. I couldn't help but be struck with the contrast between Ultra and Questar. Questar is a 70 yr old co. that has over US$2 Billion in assets. UP valued its oil and gas assets at C$37 million in 1998 annual report. With almost US$ 900 million in revenues last year Questar had operating income of US$ 138 million. Questar sells at about $19. UP has about 2/3 the number of shares that Questar has. How long will it take for UP to reach US$ 85 million annual revenue and profits of $0.70 a share so it can sell for $19? Actually, I'd be happy if it got up to C$5 or 6 in the next five or six years. With a dearth of buyers, UP's share price keeps drifting down instead of going up. Maybe we should be asking how long it will take before it reaches $1.10. P.S. Gerald, I couldn't find the 2nd Q 1999 report at Questar's site but did find it by going, at Questar's recommendation, to prnewswire.com and then searching there for "Questar."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next