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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Gerald Atwater who wrote (4608)5/20/2000 2:07:00 PM
From: LowtherAcademy  Read Replies (1) of 4851
 
Gerald, just thought I'd comment on your statement"So, for the first time Ultra will not be dependent on weak juniors ".
Of course this is true, but, the real reason IMHO for the
$40m LOC was that UP couldn't find a junior to partner with
if they were giving away free carnival glass with with each
JV! UP's reputation, based on it's business dealings, pretty much precludes anyone partnering up with them.
Always enjoyed your intelligent and well informed post, just
thought I'd add a little different view to your comment at
the end.
Regards, and best of luck,
Lew
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