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


To: LowtherAcademy who wrote (4612)5/21/2000 1:28:00 PM
From: Gerald Atwater  Read Replies (1) | Respond to of 4851
 
Thanks Lew. And even you(!) are expressing the possibility that times may get good for NG companies, even Ultra. In Little Joe's post just prior to yours he stated that Ultra was poised to move to 2, and possible even higher. I have NEVER in the last three years doubted the future for natural gas OR the amount of it that existed in the Green River Basin. Any doubts I had (plenty) were centered on Ultra's ability to deliver. My optimism now is based on the price of NG continuing to increase, the amount produced in the GRB increasing many fold (with the involvement of large, very credible majors--i.e. BP, Questar, AEC), and increasing stability of Ultra, which ought to make it possible for Ultra to participate in the good times. If I am right the current price for Ultra stock may be the bargain of the year. Also, remember that over the past year the money poured into the dot.coms and other tech stocks. Now it isn't. Where will that money go!

Gerry Atwater