UPL needs $3mcf minimum to stay alive, however current strip prices indicate that Ultra will probably fall short of realizing $3mcf for at least the next 2 years.
Marker:
Ultra Petroleum Corp (UPL)
0.1982 down -0.0187 (-8.62%)
Volume: 3,767,372
FD: Monitoring only for an unexpected change in nat gas should it happen. I do not own nor plan to own UPL shares at this time. Currently this has all the signs of another nat gas bankruptcy in the making.
The highest ideal a person holds, consciously or unconsciously, that's their "god". - Jordan Peterson quoting Carl Jung a Swiss Psychologist of the 19th & 20th century