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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: ISPYOIL who wrote (4034)4/6/1999 1:23:00 PM
From: Casey  Read Replies (1) of 4851
 
ISPY..

<<LIGHTS OUT-meaning most of UP's people assets and upside will be gone by yearend,
letting the Vancouver big holders pump and dump one last time, the asset with the upside,
the Pinedale Anticline acreage, will be sold while the asset which is fully valued, the Jonah
properties, will be kept provide cash flow for the considerable corporate overhead and the
coming move to Houston to invest in assets of Watford's choice, most of the Denver
people will not be making the move, later the Jonah field will be sold and reinvested in
producing properties nearer Houston, when Bruner left, the lights may have not gone out
but they are dimming fast >>

Where do you get your information from? This seems contrary to logic. Also, the Vancouver big holders have long ago offloaded any in-the-money options or warrants, and are sitting on large amounts of way out-of-the-money options/warrants, most north of $4.00. So why would they be shooting themselves in the foot?
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