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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: Dennis Roth who wrote (4843)2/21/2008 12:16:47 PM
From: cyesp   of 4851
 
GS alway impresses me with their research. I think they are right on with UPL, although I personally risk the possible reserves much higher and therefore have a much lower DCFNPV. The improvements in drilling time are remarkable and that will reduce the development costs adding NPV to my model.
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