Ultra Petrol (UPL): A Great Natural Gas Play - Cramer
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Jim Cramer spoke with Ultra Petroleum (NYSE: UPL) CEO Mike Watford recently. The natural gas producer's stock is up over 14,560% in the past ten years.
Watford says that the company has seen tremendous production growth over the past ten years, and that the cash flow margins remain at 70%.
He continues that the Marcellus shale in Pennsylvania is expected to exceed the companies margin expectations. Ultra is bullish on Marcellus because the company has a lower tax rate and better resale market then the Western part of the U.S.
Watford continues that the company is very aware of their impact on the environment and that the new techniques that they are employing will mean no chance of pollution.
The CEO also believes that natural gas is the best choice for energy independence in the U.S.
Cramer believes that the growth story of UPL is not over yet, but viewers may need to think about the long-term with this company. Shares of UPL are down 0.4% to $52.61 in morning trading.
Watford says that the company has seen tremendous production growth over the past ten years, and that the cash flow margins remain at 70%.
He continues that the Marcellus shale in Pennsylvania is expected to exceed the companies margin expectations. Ultra is bullish on Marcellus because the company has a lower tax rate and better resale market then the Western part of the U.S.
Watford continues that the company is very aware of their impact on the environment and that the new techniques that they are employing will mean no chance of pollution.
The CEO also believes that natural gas is the best choice for energy independence in the U.S.
Cramer believes that the growth story of UPL is not over yet, but viewers may need to think about the long-term with this company. Shares of UPL are down 0.4% to $52.61 in morning trading.
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