+ Watch UPL
on My Watchlist
An independent oil and gas company engaged in the development, production, operation, exploration and acquisition of oil and natural gas properties.
Not done falling... yet. But a good company in the depressed field of NG which should pop when the glut clears. I like the management and the finacials. Plus they are pulling the gas out on the cheap and able to still make money in the current conditions!
Have holdings from way back in 06 when traded for 62- still have it: sell or hold for long[er] run at this point?
Saabaad this is going to depend on your comfort level and your take on whats going to happen with NG. Personally I'd hold especially at a 62 entry point. Mainly because I'd have a hard time selling for a loss a company that I still believe is in great shape and can pull NG from the ground cheaper then 95% (not a real stat just ballpark %) of it's competition. Which at this point is a huge plus. NG might not take off next year mainly because of new recovery tech & everyone stockpiling to maximize their contracts making the glut worse. But imho NG is a must have sector to be in especially if your just getting in now and didn't ride it down (which I'm guilty of with CHK). If you do want to sell I'd think about waiting till we get a little further into winter and watch the charts volume and national NG usage.If your long term you have a huge upside if you can wait. I'm long on UPL I'd be in for really money but no divy hurts my current portfolio plan.Overall my red thumb was just for a "few weeks" time frame and after that the stock has been climbing again. To be honest I forgot to come back and adjust it.
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