% | $
Quotes you view appear here for quick access.

Ultra Petroleum Corp. Message Board

  • michaellcarter michaellcarter Dec 4, 2013 10:38 AM Flag

    Back to the 18's again!

    Failed miserably ONCE AGAIN at the 200 day and middle of the weekly BB only to now start breaking below the 50 day while NG moved to $4. This is such a technical piece of garbage. That's right. I was mocked for that. Only, I was exactly right. The good news is the weekly stoch is more overbought at 20.8 than it was at 22 . From a technical perspective that could suggest a bullish "set up". A correction down that slingshots higher. Just my opinion. Can easily see that happening since the stock is so broken even at $4 ng and couldn't take out the 200 day AGAIN!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • SWN is down close to 2% too. RRC is down more than 1%. So, this is not just UPL today. If we get the next 5 readings as Powerburn has predicted, we will be 450 less than last year's levels at the end of December and 150 below the 5 year average levels. This should push Nat Gas up to th 4.5 level by the end of December. Also, Oil has gone up from 92 to 97.

      UPL has now hedged about 1/6th of their 2014 gas production at 3.91,and maybe 30-40% of their oil production at 92.63 for 2014. These removes the default risk.

      People selling here are just silly.

      Jan options are pretty cheap. If we get to Nat Gas 4.5, those options will be up 300% to 400%

      Sentiment: Strong Buy

    • not so fast. This stock overreacts. It could go up in quick fashion just like it goes down. If it does go to the low- to mid-18's that's as easy a trade at $4 nat gas as you can get. So, I don't expect it to get there unless nat gas plunges again, and there's no sign of it.

      it just came up from 18's for a reason-I don't expect it to go back there so soon.

      But, time will tell.

    • It is also worth noting, that last april and june UPL went to 17.60 only to bounce and revisit those lows which might have created the big Inverse Head and Shoulders I've been pointing out for a while. IN the spirit of symmetry it is possible that the right shoulder, currently forming, will do the same thing by revisiting the low to mid 18's that it hit a short while back.

0.31220.0000(0.00%)Apr 29 4:02 PMEDT