Ultra Petroleum Corp.

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Msg  35094 of 36034  at  8/5/2012 5:33:08 PM  by

RedSox10NYY3

The following message was updated on 8/5/2012 5:35:32 PM.

 In response to msg 35090 by  jvw778
ignore topicview thread,  thread start

Re: LNG exports

I emailed the company on Niobrara the day of the cc. They claimed that lab results are slow in coming due to a backlog at Core Labs. They also reiterated that they are in no hurry to release information from a competitive standpoint. I guess this is one way of holding out hope for shareholders. I just hope this is not another PDA Deep Well fiasco.

In any case I think the market is overly concerned about the second quarter numbers. The rig count continues to plummet to dangerous levels and storage inflows are running at 50% of the five year average. The wildcard of course remains the hurricane season and winter weather, but it could be that the deck chairs are stacked for a train wreck as persistent pricing below 5 bucks is going to lead to a shortage at some point.


 
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