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Ultra Petroleum Corp. Message Board

  • larrydett larrydett Feb 14, 2013 12:13 PM Flag

    Latest info on withdrawals

    Natural-gas futures extended losses Thursday after the Energy Information Administration reported a decline in U.S. inventories that was a bit less than expected. Supplies fell 157 billion cubic feet for the week ended Feb. 8, the EIA said. Analysts polled by Platts forecast a decline between 160 billion and 164 billion cubic feet. Total stocks now stand at 2.527 trillion cubic feet, down 270 billion cubic feet from the year-ago level and 348 billion cubic feet above the five-year average, the government said. March natural gas (NGH13) was at $3.19 per million British thermal units, down 12 cents, or 3.5%. It was trading around $3.28 shortly before the data

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    • Well, I am humble and admit I am long and losing big on UPL....Also have investments in other NG companies....BBG, WPX, PVA, PWE, LPG, - have been at this a long time and have built a great deal of wealth buying companies in sectors that are way out favor. NG prices remain in the dog house...Just awful...BUT it wont be there forever. I dont know when this will turn- 6 months or 3 years. But when it does many of these stocks can more than triple. This is anything but a quick buck play..Its one that will require patience and a good stomach... And yes, if your long, I admit, its been painful......As Yogi Berra would say- it aint over till its over...D

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