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Ultra Petroleum Corp. Message Board

  • ahande ahande Oct 5, 2012 5:16 PM Flag

    It is snowing already in parts of the country

    I think today was the day to buy some UPL. We may actually start seeing natural gas heating being used the first week in October. Combine that with the lowest gas rig count in many years (around 440, down almost 500 from this time last year), Natural Gas is only going to go up from here.



    Did you see the number of Oct call options purchased in the 22 strike? It was 825 contracts. Somebody is sure betting on the cold weather over the weekend moving the UPL price up.

    Sentiment: Strong Buy

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    • It is snowing in the Rockies? OMG! Gas Traders only pay attention when it Snows on Long Island. The injection season has another 5 + weeks to fill. If you are wanting to invest for the long term, buy it all you want here. If you are looking to trade a pop, December- February draw season might get you a quick 30%+. Watch for the Alberta Clipper dropping in over Buffalo.

7.44+0.21(+2.90%)Oct 7 4:06 PMEDT