MOMO'S BREAKOUT BOARD

[RyGuy]

$UPLC - Ultra Petroleum Corporation

Share Price..........$.244
Oustanding Shares....197,841,390
Market Cap...........$48,273,299
Annual Revenue.......$806,000,000

Poised to return to $1.00 land.

On Wednesday October 16th there is a hearing to determine UPLC's potential recovery from a make whole agreement from Bankrupcty proceedings in 2016.

Fifth Circuit Appeals Court reversed a decision by the bankrupcty court that could bring $260,000,000 cash back to UPLC.

https://www.davispolk.com/files/2019-01-28_fifth_circuits_ultra_petroleum_decision.pdf

https://www.morganlewis.com/pubs/ultra-petroleum-decision-holds-make-whole-constitutes-unmatured-interest-in-bankruptcy


Recently insiders have been purchasing common equity on the open market too.

https://www.otcmarkets.com/filing/html?id=13604997&guid=BmkSUeX4vAepDyh
https://www.otcmarkets.com/filing/html?id=13606721&guid=BmkSUeX4vAepDyh
https://www.otcmarkets.com/filing/html?id=13606727&guid=BmkSUeX4vAepDyh
https://www.otcmarkets.com/filing/html?id=13610335&guid=BmkSUeX4vAepDyh

UPLC has been reducing cost and generating positive cash flow. Continued capital preservation and using cash flow to paydown down can result in a significant turn around.

https://www.otcmarkets.com/stock/UPLC/news/story?e&id=1414366

A positive ruling with the bankruptcy court that sides with the 5th circuit court of appeals could result in signicant capital available to repurchase debt at a significant discount.

https://seekingalpha.com/article/4295461-ultra-petroleums-production-provides-cash-flow-support-equity-like-50-percent-yields-second