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

To: Hickory who wrote (4466)	10/20/1999 7:07:00 PM
From: ISPYOIL	Read Replies (1) \| Respond to of 4851

WAIT FOR REVERSE SPLIT AND EQUITY OFFERRING, at 1$ Canadian pesos remember not a US$, the stock will have to be reverse split or lose its listing, I think, it would in the US anyway, regardless of that negative, the bigger problem is raising equity in a falling stock that has no US listing. The Canadians are on to this and Canacord probably can't find any more Canadian suckers after bagging them at C$ 4.50 the last time. Where do you go for equity. They should have leaped at the Texaco offer!Meantime Questar will drill them right out of their working interest. (In the oil business if one partner wants to drill and the other can't come up with his share of the well cost, the poorer partner just effectively loses his asset.)