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Gold/Mining/Energy : Ultra Petroleum (UPL) -- Ignore unavailable to you. Want to Upgrade?

To: Farmer who wrote (4199)7/30/1999 4:53:00 PM
From: Casey  Read Replies (1) | Respond to of 4851
 
<< plus stock buy-back plans (you heard it here first).>>

If this is true, it is a pretty poor use for this company's cash. A stock buyback only makes sense if the company is sitting on a horde of cash that it doesn't really know what to do with. UP sure aint in that position. Their best use of cash is to finance drilling leading to production, period.



To: Farmer who wrote (4199)8/2/1999 12:16:00 PM
From: Hickory  Respond to of 4851
 
Sounds like the Edmonton broker bought a bunch of UP recently when it was down close to Cdn$1 and now has it for sale at Cdn$1.20.


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