UPL setting up for a takeover. Dan Dicker, an oil analyst mentioned UPL on
CNBC as a major player.hang in here folks. this is a buy opportunity if you aren't in already. geez this is ridiculous as they are in a sweet spot..be patient!! strong buy on UPL Dan Dicker mentioned BHI and look what it did. he was so right!! he is saying UPL will do very well!!!
I wish you were right...but Dicker has been positive on UPL and he has mentioned the company many, many times over the past five years...and look at the result. I can only conclude that the pathetic stock performance over the past five years has lost UPL all respect. The company appears to be doing well and the future looks bright with the company's oil business booming... but no one wants the stock. I actually think the company should remain independent and simply continue to convert to an oil firm, possibly selling the Marcellus assets in order to expand their existing Uinta play. The stock is way to low and the assets are way to valuable to sell the company to a larger firm. Any sale at these levels will be a disaster.
If UPL sold the Marcellus assets and gets half the price that WRES paid today, it would get about $8.7 Billion just for that. (261,000 acres * 33324). WRES acreage is more attractive than UPLs, hence the discount.
-- WRES is paying $66648/acre for 5289 net acres in the county adjacent to most of UPL's holdings