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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Donald Lickman who wrote (4568)2/9/2000 10:34:00 AM
From: Alan Brezin   of 4851
 
Salvation for UP investors?Hi Donald,
I haven't looked in here for a long time but it appears the admonishments you posted were correct.

Perhaps with your heightened credibility the readers here will listen to a recommendation from you on TransGlobe Energy TSE symbol TGL and BB symbol TGLEF. As you know this company with its partner Vintage Petroleum (NYSE symbol VPI) is about to drill its prize exploration block with a $20 million exploration cost carry by VPI, 25% of the S1 in Yemen, this week and has 10% of another commercial block, the B32 in Yemen, slated to go into production this summer. The company has no debt and is cash flow positive now on the basis of North American gas and oil production. trans-globe.com

I know your biggest gripe with TGLEF is the conservative- no hype promo policy of its CEO, Ross Clarkson. This negative might appeal to UP shareholders at this point. When Clarkson does do PR you can at least believe it, imo.
TGLEF has an active board on Raging Bull: ragingbull.com

Alan Brezin
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