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Ultra Petroleum Corp. Message Board

  • neiljneil neiljneil Jul 17, 2014 1:28 PM Flag

    on the brighter side...

    UPL is the lowest cost producer. Therefore some other companies may need to slow down output or suffer losses. Hopefully this production jugernaut can be slowed down.

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    • I think most producers, especially those in the Marcellus are in debt up to their eyeballs. Many have private rich guys (banks) backing them and they want production up, at any price. Glut in the market is the least of those Investors' concerns. That will keep the chokes opened up, and the Injections to the East at a record pace. 65BCF injection to the East Region in the last three months is crazy. Watford knows this well, and that is why he opted out of Shells ambitious drilling plans two+ years ago. We need another long, Arctic Winter

    • Note that even at $3.50 NG UPL makes good money. This stock is getting way oversold (IMHO).

 
UPL
7.77-0.07(-0.89%)Sep 3 4:01 PMEDT