Ultra Petroleum Corp fka UPLCQ

[Picassa]

5 reasons Ultra Petroleum looks like a good long term investment at $34:

Ultra Petroleum is growing production rapidly. It grew output 19% in 2010, is projected to increase production by 15% in 2011 and another 19% in 2012.

UPL’s cost structure is among the lowest in E&P universe, providing it with a lower break-even threshold.
Ultra Petroleum has a forward PE of just 13, which is an over 40% discount to its five-year average.

Given its leading position in the Pinedale field in Wyoming, growing production in Marcellus Shale, and a market capitalization of just over $5B, it would make a logical and compelling pickup for a larger energy concern.

Ultra Petroleum is selling at less than analysts’ price targets. The median analysts’ price target is $47 on Ultra.