GREY:BXEFF - Post by User
Post by
MetalsKingon Nov 01, 2012 5:53pm
373 Views
Post# 20552274
UPL forecast 24 month U.S. production decline
UPL forecast 24 month U.S. production decline Per todays discussion after "perhaps" flat U.S. production for the next 2 months they then forsee a 24 month production decline. Their Capex will decline next yr to about 450 mil from this years 800 mil. They are one of the lowest if not the lowest cost nat gas producer in the U.S. and will not increase drilling until nat gas gets to $5 area.
Nice read
https://seekingalpha.com/article/969751-ultra-petroleum-management-discusses-q3-2012-results-earnings-call-transcript?page=3
MK