Ultra Petroleum (UPL -4.2%) dips after Stifel Nicolaus cut its rating on the shares to Hold,...


Ultra Petroleum (UPL -4.2%) dips after Stifel Nicolaus cut its rating on the shares to Hold, citing a diminished outlook for natural gas prices. The firm notes that 96% of the company's volumes are in natural gas, so it's likely management will have to cut spending plans if prices remain near or below current levels.

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Comments (2)
  • JBAND3
    , contributor
    Comments (14) | Send Message
     
    The natural gas market reminds me of the gold market when it was 200 an oz for years. No one wanted it, except those now very wealthy investors who kept buying it. Nat gas is being ignored due to the coal and railroad lobby. One day we will all wake up to the "Crude" reality that we have made a mistake by not developing nat gas in the U.S. The question for a company like UPL is whether it can survive.
    17 Jan 2012, 10:11 AM Reply Like
  • maudie
    , contributor
    Comments (488) | Send Message
     
    I always find myself remembering a quote from a Chinese energy policymaker: "If China had the natural gas pipeline infrastructure and production the U.S. has, we would be adopting natural gas transportation as quickly as possible." No other country on the planet would be under-utilizing such a tremendous economic advantage over all other countries.

     

    http://seekingalpha.co...
    19 Jan 2012, 08:53 PM Reply Like
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