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Ultra Petroleum (UPL -7.3%) closes near its lows for the day after BMC initiates the shares with...

Ultra Petroleum (UPL -7.3%) closes near its lows for the day after BMC initiates the shares with a tepid hold rating, saying the lack of near-term positive catalysts doesn't provide an attractive growth story compared to several other Marcellus names in its coverage group.
Comments (1)
  • showmethefacts
    , contributor
    Comments (45) | Send Message
     
    UPL is now ridiculously cheap. It is trading at a forward PE (2012 earnings) of under 10. But it is growing at 15 to 20% a year. That is unsustainable. It looks like the market is treating Ultra as an oil stock (it's not) and is basing things on charts... Odd. This company has the lowest cost of production of any domestic natural gas producer and is making money, paying down debt even in the worst imaginable price environment. When the price of natural gas picks up, UPL will skyrocket.
    4 Oct 2011, 08:44 AM Reply Like
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