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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Gerald Atwater who wrote (4705)8/27/2000 4:17:39 PM
From: A. Wayne  Read Replies (1) of 4851
 
Hi Gerald, This company is in much, much better shape than when it was $9+/share. So, I think $9-$10 is possible within the next year. Real tough to try to forecast beyond that. Who knows where Natural Gas prices will be in a year or two. Everybody must be scrambling now to find and drill for natural gas.

There's a group of three companies (including Murphy) trying to get permits to drill for NG 20 miles off the coast of Florida. Florida is fighting it, saying the minimum should be 100 miles off the coast.

Wayne
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