Upper Lake Oil and Gas
Hello there guest! Want to join in on the conversation? Login or register for a forums account by visiting this link.
Posted: Friday Jul 4 7:20:03AM 2008
+.50 to C$1.75 UP.to Shale mania hits again. Fundamentals are better on this one. 2400boepd and solid cashflow. Someone must know this private company and want in. Bobwins
Posted: Thursday Jul 3 8:37:07AM 2008
UP.to +.20 to C$1.04 on 620K volume. Obviously market likes this deal. I was mistaken in my previous post. They say the offer is contingent on an app for TSX listing.
Guess investors like the many Montney targets the new merged company will have. 2400boepd is a good solid number and should give the new company good cashflow to drill out these targets. Also solves the one glaring problem for Upper Lake, which was short reserve life.
Posted: Thursday May 22 12:44:03PM 2008
Posted: Friday May 9 11:15:13AM 2008
I saw those results this morning and bought some at $0.74. I was only expecting cash flow of about $7 million this year but they are running annualized about $10 million now.