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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Hickory who wrote (4565)1/3/2000 1:58:00 PM
From: ISPYOIL   of 4851
 
Equity,not Debt, no borrowing is possible to any significant extent, so any financing will have to be some form of equity, whether converts or common but all will dilute current common stockholers imho.The incorporation rule changes really should be looked at closely. A sale of the company with a large cash settlement to Watford is what I fear. virtually nothing to common shareholders but Watford gets a big severance package plus indemnity from the lawsuits.Just an opinion. Do your own due diligence.
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