Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: upultra who wrote (4125)	5/27/1999 12:48:00 PM
From: Hickory	Read Replies (3) \| Respond to of 4851

At first glance (we don't have access to the details), it seems like UP paid a stiff price for a bit of cash. Of course, UP didn't have much choice. Our company was over a barrel, unable to pay creditors and had to pay pretty much what those cos. with cash wanted in exchange for a bit of their cash. A partial interest in only 9 new wells in one year is not going to give UP much of a lift. Looks like, if UP ever does make it, it's going to take a long time to get there. Unless we sell out, for the next several years our money is going to be tied up in a very iffy company languishing at around a buck a share or less.