Ultra Petroleum Corp fka UPLCQ

[ThenameisnotBond]

I bought this today at .09

[ice trader]

It would be foolish to buy this company. It will soon disappear is my guess.

[ice trader]

A huge glut of gas inventory, Massive debt, no cash flow for production. Lowest natural gas prices in history I give this company 6 months before they file 2nd bankruptcy GET OUT WHILE YOU STILL CAN!

[samplescave]

...seriously? UNLIMITED A/S ??? There’s no way
anyone could ever Trust this Self-Aborting Garbage!

UPLC SECURITY DETAILS

Share Structure

Market Cap Market Cap
41,051,812
12/05/2019

Authorized Shares
Unlimited
08/01/2019

Outstanding Shares
197,840,056
10/31/2019

Restricted
Not Available

Unrestricted
Not Available

Held at DTC
Not Available

Float
118,972,033
08/01/2019

Par Value

No Par Value

omg
I’m going back to sleep...

[ice trader]

Not bad news at all on latest court battle

[ice trader]

Got it . This may not stay under a buck for long

[surfer44]

Executives buying stock under $1. UPLC is way under $1. I thought only penny stock traders buy under $1.

[ice trader]

What does this have to do with ultra petroleum if I may ask ?

[ice trader]

What does this have to do with ultra petroleum if I may ask ?

[surfer44]

Chesapeake Energy’s CEO, chairman buy stock on the dip below $1

Published: Nov 11, 2019 7:07 a.m. ET

30
Chief Executive Doug Lawler spent $47,000 and Chairman Brad Martin paid $213,000 to buy more shares

Chesapeake Energy Corp.
CEO Doug Lawler (L) and Chairman Brad Martin
Author photo
By

TOMI
KILGORE
REPORTER AND EDITOR

Shares of Chesapeake Energy Corp. bounced briefly Thursday after the oil and natural gas company’s top executives bought a total of 125,000 shares on the dip below $1 a share.

The stock CHK, -9.90% rose as much as 7.7% in intraday trading, before pulling back to close down 0.1% at 90.63 cents, a day after the stock plunged to close at a 20-year low.

In a Form 4 filing with the Securities and Exchange Commission late Wednesday, the company disclosed that Chief Executive Doug Lawler paid $45,740 to buy 50,000 Chesapeake shares at an average price of 91.48 cents.

The filing said the shares purchases were executed in multiple trades at prices ranging from 91.475 cents to 91.48 cents. The stock traded in an intraday range Wednesday of 79.00 cents to $1.30, before closing at 90.69 cents.

The purchase leaves Lawler, who has been CEO since June 2013, with 5,133,298-share stake in the company, or about 0.3% of the shares outstanding.
X
See Also
Your MarketBrief for the week of November 11th 2019


Chesapeake said in a separate Form 4 filing that R. Brad Martin, who has been non-executive chairman since October 2015, paid $213,000 to buy 250,000 shares at an average price of 85.2 cents.


The shares were bought in multiple trades at prices ranging from 85.01 cents to 85.49 cents. The buys leave Martin with 1,222,881-share stake. He also owns another 75,000 shares indirectly through a trust.

FactSet, MarketWatch
Lawler’s and Martin’s purchases came as the stock plunged 29% on Wednesday to close below $1 for the first time since March 1999, after the company issued a “going concern” warning in its quarterly filing with the SEC and reported third-quarter results that missed expectations for a third-straight quarter.

Don’t miss: Chesapeake Energy stock dives after ‘going concern’ statement, earnings miss again.

On Thursday, the stock was up as much as 7.7% at an intraday high of 97.59 cents, then was down as much as 1.9% at the intraday low of 89.00 cents, before closing down just 0.1%.

The stock has plunged 57% year to date, while the SPDR Energy Select Sector exchange-traded fund has gained 6.3% and the S&P 500 index has climbed 23%.

[ice trader]

Totally agree looking to pick up more shares holding a pretty good chunk now still stuck in a scam dilution cow called kgkg

[RyGuy]

I don't think they were bad at all.

$.08 EPS for the Quarter and the stock is trading at $.22.

I know there is a lot of work still yet to do. But they legitimately have a chance to make it espcially with a few other high profile E&P possible failures looming.

If they win the make whole court case, which seems very possible based on the appeals court ruling. Being flush with cash to buy back their debt, and less production from smaller E&P's failing. This could be an enormous turnaround.

[ice trader]

Looks like investors were hoping for a little better numbers,but I thought they weren’t too bad company has a good chance of turning it around. And this thing will explode if gas prices go up just a little bit.

[ice trader]

Only the beginning I believe nice volume as well

[RyGuy]

Little bit of Green today

[ice trader]

This thing is going to explode upward With the power outages in California the high demand for natural gas through generator use way up no doubt other uses the was at least a four hour wait to fill up natural gas and propane the other day.

[RyGuy]

fingers crossed

[ice trader]

I am told earnings will be way up do that all the cuts within the company including drilling and layoffs

[RyGuy]

I’ll venture to guess the results will be positive.

[RyGuy]

https://www.otcmarkets.com/stock/UPLC/news/Ultra-Petroleum-Corp-Announces-Timing-of-Third-Quarter-2019-Earnings-Call?id=244465

Ultra Petroleum Corp. Announces Timing of Third Quarter 2019 Earnings Call
Press Release | 10/28/2019
ENGLEWOOD, Colo., Oct. 28, 2019 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (OTCQX: UPLC) announces the timing for its third quarter earnings call.

The Company will host a conference call November 7, 2019, at 10:00 a.m. Mountain Time (12:00 p.m. Eastern Standard Time) to discuss the Company’s third quarter 2019 results. There will be prepared remarks from the Company’s management, followed by a question and answer session.

Investors and analysts are invited to participate in the call by dialing 877-371-5742, or 404-537-3406 for international calls, and using Conference ID: 9576414. Interested parties may also listen over the internet at www.ultrapetroleum.com. A replay of the call will be available on the Company’s website.

About Ultra Petroleum

Ultra Petroleum Corp. is an independent energy company engaged in domestic natural gas and oil exploration, development and production. The Company is listed on OTCQX and trades under the ticker symbol “UPLC”.

For further information contact:
Investor Relations
303-708-9740, ext. 9898
Email: [e-mail]

[ice trader]

Any new news out there?

[ice trader]

Thank you for the clarification. Picked up another 15 000 around 17 today

[RyGuy]

I believe I understand that to be the exact opposite. Unless I have totally confused myself. Which happens quite often.

I believe the appeals court ruled that the creditors should not have received the make whole judgement from the lower bankrupcty court.

So UPLC should be getting this money back.

Again, unless I have totally confused myself.

[ice trader]

So I take it your saying put a fork in this baby.

[RyGuy]

Hmmm...


The vast majority of courts of appeals decisions are final, and they are binding on lower courts within the same circuit. In addition, federal appellate courts hear cases that originated in state courts when they involve claims that a state or local law or action violates rights guaranteed under the U.S. Constitution.


https://www.uscourts.gov/statistics-reports/appellate-courts-and-cases-journalists-guide

[Chronic The Hemp Hog]

The judicial website was changed/updated to a Status Conference now. Looks like we wait a little longer.

https://www.txs.uscourts.gov/content/honorable-marvin-isgur-1st-week-tue-hearings-calendar

10/15/2019 02:00 16-32202-11 1793 Ultra Petroleum Corp.
Official Committee of Unsecured Creditors Status Conference

[ice trader]

Very possible.

[RyGuy]

I’m thinking that a lower bankruptcy court would take higher federal appeals courts rulings into consideration.

Hopefully this happens and UPLC is flush with cash and can purchase their debt back off the open market, and create an incredible turnaround.

[ice trader]

If court day produces pos news this thing will Hit 40 plus they have cash flow 57 million last quarter.

[RSuave25020]

Good job finding the court date

[Chronic The Hemp Hog]

Might have a settlement finally in the making for the make whole claim.

10/15/2019 02:00 16-32202-11 1793 Ultra Petroleum Corp.
Official Committee of Unsecured Creditors Motion for Entry of an Order Authorizing and Approving the Settlement Agreement

https://www.txs.uscourts.gov/content/honorable-marvin-isgur-2nd-week-tue-hearings-calendar

[TrendTrade2016]

32c target met as mentioned sell sell $$$$ it was a bottom play, not
A long as per chart

[ice trader]

You have been awfully quiet of late

[ice trader]

Good read

[ice trader]

This may well be one of the few pinks that actually make it back to dollar land. Generated 57 million in cash flow in a down gas market.

[surfer44]

Ultra Petroleum Corp. Proactively Enters into Amended Credit Facility to Remove Maintenance Covenants, Suspends Drilling Program, Substantially Increase Free Cash Flow Generation and Announces a Fall Borrowing Base Redetermination of $1.175 Billion and Commitment Amount to the Credit Facility of $200 Million

GlobeNewswire•September 16, 2019

ENGLEWOOD, Colo., Sept. 16, 2019 (GLOBE NEWSWIRE) -- Ultra Petroleum Corp. ("Ultra Petroleum" or the “Company”) (OTCQX: UPLC) announces that it has received unanimous approval from the lenders for its revolving credit facility (the “Credit Facility”) and entered into an amendment that, among other items, removes the financial maintenance covenants from the Credit Facility. This amendment provides flexibility for the Company to suspend drilling in the Pinedale field while natural gas pricing remains near multi-year lows and preserve its highest value inventory for future development locations to be developed under more favorable commodity pricing conditions. In connection with the approval of the amendment to the Credit Facility, the fall borrowing base redetermination has been established at $1.175 billion, including $200 million of the commitment allocated to the Credit Facility.

[ice trader]

So please tell me why you think this company that is about to declare bankruptcy for the second time in 5 years
And do not believe they can do a restructure again is a gemstone?

[surfer44]

Just spotted this jewel in the OTCMarkets monthly newsletter. Took a starter position today. GLTA

[ice trader]

With attack on oil fields I will have to agree more likely to hit 35 cents this week.

[TrendTrade2016]

Nice call

[TrendTrade2016]

Watch and learn.

[ice trader]

My prediction this hit 19 cents next week

[ice trader]

It’s ok ok the prediction was a bold one nice try.
This will go bankrupt soon very soon is my prediction

[ice trader]

We shall see

[TrendTrade2016]

UPLC see 32c monday!!

[ice trader]

Who you call n son ?this stock was once a hundred bucks and soon all share Will be worthless ,there only remaining drilling rig from once 19 drilling rigs is in my town Pinedale wy so stop sucking in people with your pump Game this company and stock had ruined more people including my friend and neighbor than you can imagine
Son. So take your 10 cent per share profit son and go find another pump and dump game son

[TrendTrade2016]

what is up is the PPS lmao!!

[TrendTrade2016]

UPLC boom who’s your daddy

[TrendTrade2016]

Boom. Pay attention kid. U will learn a few skills.

[CashCowMoo]

I knew this was going to bounce up well when it got down to 10 cents