UPLMQ

Ultra Petroleum Corp

Energy, Event Driven/Special Sit


Presented:09/14/2016
Price:$4.21
Cap:$0.65B
Current Price:$7.23
Cap:$1.43B

Presented

Date09/14/2016
Price$4.21
Market Cap$0.65B
Ent Value$0.00B
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/S154.02M
Ave Daily Vol1,023,914
Short Int26.15%

Current

Price$7.23
Market Cap$1.43B
Ultra Petroleum Corp. is an independent oil and gas company engaged in the development, production, operation, exploration, and acquisition of oil and natural gas properties. The Company focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin of Pennsylvania. Ultra Petroleum was founded on November 14, 1979 and is headquartered in Houston, TX.

Publicly traded companies mentioned herein: Ultra Petroleum Corp (UPLMQ).

Highlights

Ultra Petroleum filed for bankruptcy protection in March after failing to secure agreements with its debt holders - a highly unusual bankruptcy in that the company ultimately filed with about $300 million in cash on the balance sheet. On the strength of its fundamentals, the presenter believes the stock likely would be one of the better performing stocks in the natural gas universe were it not mired in bankruptcy. A relatively clean bankruptcy situation, the presenter expects the company to emerge by the end of this year or early in 2017 at latest. For his part, he believes the gas thesis still has plenty of legs to it. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.