Ultra Petroleum Corp

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  • uploads///natural gas prices
    Macroeconomic Analysis

    Natural gas prices rally on cold weather forecasts

    The weather is the major driver of natural gas prices, so investors can get an idea of how prices will likely move in the short term.

    By Keisha Bandz
  • uploads///aeafbbeebeafdad
    Macroeconomic Analysis

    WTI and Brent Crude Oil Prices Hit 2016 High

    Crude oil prices rose by ~42% since the lows in February 2016. The major reasons were the slowing US production and the new crude oil production deal.

    By Gordon Kristopher
  • uploads///Correlation of Natural Gas With Crude Oil
    Miscellaneous

    How’s Natural Gas Correlated to Crude Oil?

    In the past year, the correlation rose between natural gas and crude oil. During August 2015 and December 2015, the 30-day correlation rose significantly.

    By Rabindra Samanta
  • uploads///NG chart
    Macroeconomic Analysis

    Natural Gas Prices Are Trading Close to $2 per MMBtu

    November natural gas futures contracts are following their long-term downward trend. Prices are trading close to the key support of $2 per MMBtu.

    By Gordon Kristopher
  • uploads///US crude oil production
    Energy & Utilities

    US Could Be the World’s Largest Crude Oil Producer by 2020

    The EIA (U.S. Energy Information Administration) estimates that the US crude oil output was steady at 10,900,000 bpd on June 29–July 6.

    By Gordon Kristopher
  • uploads///P Revs
    Company & Industry Overviews

    Denbury Resources’ Revenues Drive Its Profitability

    Revenues for Denbury Resources Inc. (DNR) have almost doubled in the six years to 2014. They rose from ~$1.3 billion in 2008 to ~$2.4 billion in 2014.

    By Manas Chowgule, CFA
  • uploads///NG chart
    Macroeconomic Analysis

    Bottom Fishing: Natural Gas Prices Could Rally

    The long-term bearish momentum could cause natural gas prices to fall, and the next support for natural gas prices could be seen at $2 per MMBtu.

    By Gordon Kristopher
  • uploads///Crude oil supply outage
    Energy & Utilities

    Global Crude Oil Supply Outages Are near a 4-Month High

    Global crude oil supply outages increased by 208,000 bpd (barrels per day) to 1,738,000 bpd in December 2017—compared to the previous month.

    By Gordon Kristopher
  • uploads///Iran
    Energy & Utilities

    How New Sanctions on Iran Could Affect Crude Oil Prices

    On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran.

    By Gordon Kristopher
  • uploads///NG and ung march
    Company & Industry Overviews

    Natural gas at $2.65 levels seems more likely than $2.75 levels

    Natural gas April futures trading on NYMEX closed at $2.732 per MMBtu on March 10, 2015. This was the fifth up day in the past ten days.

    By Gordon Kristopher
  • uploads///NG  month  Apr
    Company & Industry Overviews

    Natural Gas Is Trading Flat due to a Warm Weather Forecast

    Natural gas futures for May delivery settled unchanged at $2.51 per MMBtu on Tuesday, April 13, 2015. Warm weather estimates curbed the demand for natural gas.

    By Gordon Kristopher
  • uploads///abcbeecccaaab
    Macroeconomic Analysis

    Crude Oil Prices Rise: Could It Be Short-Lived?

    November WTI crude oil futures contracts trading in NYMEX rose by 1.80% on September 29, 2015. Crude oil prices rose despite the huge inventory buildup data.

    By Gordon Kristopher
  • uploads///ng production
    Macroeconomic Analysis

    Blame Canada: Why Natural Gas Supplies Rose

    Market intelligence company PointLogic reported that natural gas supplies rose by 0.6% to 80.2 Bcf (billion cubic feet) per day between June 16 and June 22.

    By Gordon Kristopher
  • uploads///ng production
    Macroeconomic Analysis

    US Natural Gas Production Makes History: What’s Next?

    US natural gas production hit a record of 73.3 Bcf (billion cubic feet) per day in February 2016.

    By Gordon Kristopher
  • uploads///ng prices
    Energy & Utilities

    Natural gas prices rebound to their “pre-injection” levels

    Natural gas prices started the week by falling almost 3% as an arctic blast, which boosted prices last week, gave way to warmer temperatures. Prices closed at $4.15 MMBtu on Monday.

    By Keisha Bandz
  • uploads///p
    Energy & Utilities

    Top Upstream Gainers in the Trailing Week

    On November 12–19, upstream stock Concho Resources (CXO) gained the most on our list of upstream energy stocks.

    By Rabindra Samanta
  • uploads///NG inventory
    Energy & Utilities

    US Natural Gas Inventories: Lowest since 2014 This Time of Year

    On June 7, the EIA reported that US natural gas inventories rose 92 Bcf to 1,817 Bcf from May 25 to June 1.

    By Gordon Kristopher
  • uploads///image
    Energy & Utilities

    US Natural Gas Consumption Could Hit a Record in 2018 and 2019

    US natural gas consumption fell 14.4% to 102.6 Bcf (billion cubic feet) per day on January 4–10, 2018, according to PointLogic.

    By Gordon Kristopher
  • uploads///UPL Q Post Analysts
    Miscellaneous

    What Analysts Are Saying about Ultra Petroleum after Its 4Q16

    Currently, only one analyst has provided a recommendation on Ultra Petroleum (UPL) (UPLMQ). This recommendation is a “hold.”

    By Nicholas Chapman
  • uploads///UPL Q Post Cash Flow
    Earnings Report

    Did Ultra Petroleum Generate Positive Free Cash Flow in 4Q16?

    Ultra Petroleum (UPL) (UPLMQ) reported 4Q16 operating cash flow of ~$137 million, ~31% higher than its cash flow of ~$104 million in 4Q15.

    By Nicholas Chapman
  • uploads///UPL Q Post Production
    Earnings Report

    Ultra Petroleum’s Production Fell to a 2-Year Low in 4Q16

    Ultra Petroleum (UPL) (UPLMQ) reported 2016 production of 281.8 Bcfe (billion cubic feet equivalent), which was at the lower end of its production guidance range of 281–284 Bcfe.

    By Nicholas Chapman
  • uploads///UPL Q Post Revenue
    Earnings Report

    Analyzing Ultra Petroleum’s 4Q16 Revenue

    Ultra Petroleum (UPL) (UPLMQ) reported 4Q16 revenue of ~$216 million, ~1% better than Wall Street analysts’ consensus estimate of ~$213 million.

    By Nicholas Chapman
  • uploads///UPL Q Post EPS
    Earnings Report

    Ultra Petroleum Turns Last Year’s Loss into 4Q16’s Profit

    Ultra Petroleum announced its 4Q16 earnings before the market opened on February 22, 2017. Ultra Petroleum reported a lower-than-expected profit of ~$97 million.

    By Nicholas Chapman
  • uploads///NG consumption
    Energy & Utilities

    US Natural Gas Consumption Rose for the Sixth Time in 7 Weeks

    PointLogic reported that US natural gas consumption rose by 2% from July 14–20. Natural gas consumption rose for the sixth time in the last seven weeks.

    By Gordon Kristopher
  • uploads///NG inventory
    Basic Materials

    US Natural Gas Inventories Could Pressure Natural Gas Prices

    The larger-than-expected rise in US natural gas inventories weighed on natural gas prices on July 14 and July 15.

    By Gordon Kristopher
  • uploads///India demand
    Energy & Utilities

    India’s Crude Oil Demand Growth Is at Its Highest in 10 Years

    India’s Petroleum, Planning, and Analysis Cell reported that India’s crude oil consumption was at 48.5 million tons between April 2016 and June 2016.

    By Gordon Kristopher
  • uploads///NG consumption
    Energy & Utilities

    Why Did US Natural Gas Consumption Rise?

    US natural gas consumption rose 1% for the week ending June 29, 2016, from the previous week.

    By Gordon Kristopher
  • uploads///Natural Gas Outperform the SP  and Crude Oil
    Miscellaneous

    Natural Gas Keeps Outperforming Broader Markets and Crude Oil

    For the week ended June 24, 2016, July natural gas futures (UNG) (FCG) rose by 1.5%.

    By Rabindra Samanta
  • uploads///The Weather Ahead
    Miscellaneous

    How Does the Weather Drive Natural Gas Prices?

    In the week ended June 24, 2016, temperatures were higher than forecasts for the week. Warmer weather boosted natural gas prices.

    By Rabindra Samanta
  • uploads///India demand
    Macroeconomic Analysis

    Demand Side of the Crude Oil Market: India Is a Bright Spot

    OPEC’s monthly report highlighted that India’s crude oil demand rose by 0.6 MMbpd in March 2016, 15% higher than in the corresponding period in 2015.

    By Gordon Kristopher
  • uploads///China crude oil production
    Macroeconomic Analysis

    How Will China and India Impact the Crude Oil Market in 2016?

    China’s crude oil production fell to the lowest level in four years. It fell by 5.6% YoY (year-over-year) to 16.6 metric tons in April 2016.

    By Gordon Kristopher
  • uploads///US cushing crude oil stocks
    Macroeconomic Analysis

    Cushing Crude Oil Stocks Could Put Pressure on Crude Oil Prices

    Data intelligence company Genscape stated that Cushing crude oil stocks rose by 1.5 MMbbls (million barrels) for the week ending April 22, 2016.

    By Gordon Kristopher
  • uploads///india oil demand
    Macroeconomic Analysis

    Why South Korea and India Are Bullish Forces for Crude Oil

    In this part of the series, we’ll look at some more bullish drivers for crude oil prices over the long term.

    By Gordon Kristopher
  • uploads///Does Weaker Dollar Supporting Natural Gas Rally
    Macroeconomic Analysis

    Natural Gas Recovery: Will the Dollar Index Play a Crucial Role?

    Natural gas should be negatively correlated with the US Dollar Index. A stronger dollar implies more expensive natural gas for consumers in other currencies.

    By Rabindra Samanta
  • uploads///non opec
    Macroeconomic Analysis

    Slower Non-OPEC Production and Other Bullish Forces for Crude Oil

    The IEA (International Energy Agency) estimates that crude oil production from non-OPEC producers could see the biggest decline in 25 years.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    Did US Crude Oil Production Fall for the 12th Consecutive Week?

    Weekly US crude oil production has fallen by 7.5% from the peak level of 9.7 MMbpd from October 17, 2014.

    By Gordon Kristopher
  • uploads///india oil demand
    Macroeconomic Analysis

    India’s Crude Oil Demand Will Likely Drive the Crude Oil Market

    The EIA reported that India produced 1 MMbpd (million barrels per day) of crude oil in 2014 and 2015. It’s expected to increase marginally in 2016 and 2017.

    By Gordon Kristopher
  • uploads///oil producers
    Macroeconomic Analysis

    Why Did WTI Crude Oil Prices Rise Almost 6%?

    US benchmark WTI (West Texas Intermediate) crude oil futures contracts for April delivery rose by 5.8% and closed at $38.46 per barrel on March 16, 2016.

    By Gordon Kristopher
  • uploads///crude oil inventory
    Macroeconomic Analysis

    Will EIA Crude Oil Inventories Affect Crude Oil Prices?

    US crude oil inventories are 100 MMbbls more than the five-year average.

    By Gordon Kristopher
  • uploads///US crude oil production
    Macroeconomic Analysis

    US Crude Oil Production Remained Flat: What Does It Mean?

    The EIA (U.S. Energy Information Administration) reported that the weekly US crude oil production remained flat at 9.1 MMbpd for the week ending March 4, 2016.

    By Gordon Kristopher
  • uploads///crude oil price forecast
    Macroeconomic Analysis

    Crude Oil Price Forecast for 2020: Will It Be Higher or Lower?

    Crude oil prices rose more than 40% since the lows in February 2016. They entered into the short-term bull market. They’re still under a long-term bearish trend.

    By Gordon Kristopher
  • uploads///NG chart
    Macroeconomic Analysis

    Will Natural Gas Prices Hit New Lows?

    Cold winter weather could drive natural gas prices higher. But on the other hand, record natural gas stocks will push natural gas prices lower.

    By Gordon Kristopher
  • uploads///Net Income
    Company & Industry Overviews

    EOG’s Net Income Falls after Reaching a High in 3Q14

    The net income margin, or net income as percentage of revenue, fell sharply to -8% in 1Q15. In comparison, the net income margin was 16% last year.

    By Alex Chamberlin
  • uploads///Natural gas rigs
    Macroeconomic Analysis

    US Natural Gas Rig Count Drop Decelerated Last Week

    In the United States, there were 221 natural gas rigs operating in the week ending June 12, one less than the previous week.

    By Alex Chamberlin
  • uploads///Nat gas rig count
    Macroeconomic Analysis

    US Natural Gas Rig Count Drops by 3 Last Week

    The decline in the natural gas rig count slowed down in the past four weeks. Four rigs went offline in the preceding four weeks, and 43 went offline in the four weeks before that.

    By Alex Chamberlin
  • uploads///Nat gas rig count
    Macroeconomic Analysis

    Are Natural Gas Rigs Stabilizing Again?

    Since the beginning of this year, the number of natural gas rigs in operation dropped by 103. Natural gas rigs seem to have stabilized in the past two months.

    By Alex Chamberlin
  • uploads///Vollumeand Price
    Earnings Report

    Encana’s 1Q15 Production Falls despite Liquids Production Surge

    Encana’s (ECA) 1Q15 production decreased compared to production in the same quarter last year. Its overall crude oil equivalent production volume decreased by 20%, down to 430.1 Mboebpd.

    By Alex Chamberlin
  • uploads///Volume and Price
    Earnings Report

    Why Did Continental Resources’ 1Q15 Production Surge?

    In the Bakken Shale in North Dakota and Montana, Continental Resources’ 1Q15 production averaged 135.5 Mboepd, a 39% increase over 1Q14.

    By Alex Chamberlin
  • uploads///Oil and gas rigs
    Macroeconomic Analysis

    Oil and Gas Rig Count Down 52% in 12 Months

    The oil and gas rig count signals how confident producers are about drilling for oil and gas. Falling rig counts indicate a decline in upstream activity.

    By Alex Chamberlin
  • uploads///Volume and price
    Earnings Report

    Pioneer Natural Resources’ 1Q15 Production Up, Realizations Down

    In 1Q15, Pioneer Natural Resources implemented high-grade horizontal drilling programs in the Spraberry/Wolfcamp in the Permian Basin and in the Eagle Ford Shale.

    By Alex Chamberlin
  • uploads///Nat gas rig count
    Macroeconomic Analysis

    US Natural Gas Rigs Decreased Last Week

    In the US, there were 222 natural gas rigs operating in the week ending May 1, 2015—three fewer than the previous week.

    By Alex Chamberlin
  • uploads///Oil and Gas rig count
    Macroeconomic Analysis

    Oil and Gas Rig Count Drops and Takes Total US Count Down

    In the last 12 months to May 1, the total US crude oil and natural gas rig count dropped by 949, or 51%. The number of active oil rigs decreased by 848, or 56%.

    By Alex Chamberlin
  • uploads///UNG VS NG
    Company & Industry Overviews

    Why UNG Lags Natural Gas Returns

    The United States Natural Gas Fund ETF (UNG) was down marginally by 0.16% and settled at $12.59 on April 13, 2015. UNG consists of natural gas futures contracts.

    By Gordon Kristopher
  • uploads///UPL vs NG
    Company & Industry Overviews

    Ultra Petroleum and XOP Trend Higher

    Ultra Petroleum has a market capitalization of $2.39 billion. It has an average volume of 1.67 million shares. It surged almost 4% in yesterday’s trade.

    By Gordon Kristopher
  • uploads///P PriceRatios
    Company & Industry Overviews

    Do Denbury Resources’ Price Ratios Mean It’s Cheap?

    Looking at Denbury’s price ratios, it currently trades at a trailing 12-month PE of 4x. Similar peers trade at TTM PE multiples of ~5x, ~4.3, and ~4.9x.

    By Manas Chowgule, CFA
  • uploads///Top NG production mix
    Company & Industry Overviews

    Natural Gas Producers: Tracking Prices Today, but Divergent Lately

    XOP diverged from natural gas prices. It rose 1.41%—mainly tracking oil. Both commodities’ long-term fundamentals continue to be extremely weak.

    By Gordon Kristopher
  • uploads///P CFI
    Company & Industry Overviews

    Denbury Resources’ Growth Engine: Cash Flow from Investing

    Denbury’s (DNR) cash flow from investing rose from just less than $1 billion in 2008 to $1.6 billion in 2011. Then it eased to almost $1.1 billion in 2014.

    By Manas Chowgule, CFA
  • uploads///P BS
    Company & Industry Overviews

    What Does Denbury’s Balance Sheet Tell Us about the Company?

    Denbury’s (DNR) balance sheet shows that assets have grown 3.5x, from $3.6 billion in 2008 to $12.7 billion at the end of 2014.

    By Manas Chowgule, CFA
  • uploads///dry gas prod
    Macroeconomic Analysis

    The EIA’s latest STEO: Predictions for natural gas production

    The EIA’s February STEO projects total dry natural gas production to grow by 5% to 73.9 Bcf in 2015 and by 2% to 75.38 Bcf in 2016.

    By Keisha Bandz
  • uploads///NG prices
    Macroeconomic Analysis

    Weekly recap: Natural gas prices bounce up and down

    Inventory build was hefty, but markets still speculated about high production that has curbed whatever pressure cold weather had on natural gas prices.

    By Keisha Bandz
  • uploads///dry gas prod
    Macroeconomic Analysis

    Will Rising Dry Natural Gas Production Pressure Prices in 2015?

    Dry natural gas production declined 0.4% over the week prior, but it was still 8.3% higher than levels reported in the corresponding week last year.

    By Keisha Bandz
  • uploads///ng prices
    Macroeconomic Analysis

    Natural Gas Prices Decline on Balmy Spring Weather

    Boosted by an upbeat inventory report, prices continued their rally on Thursday, increasing ~2.6%, to $2.841.

    By Keisha Bandz
  • uploads///ng march
    Company & Industry Overviews

    Natural gas prices held above the key resistance level

    The consensus of bullish inventory withdrawals supported the rise in natural gas prices. These factors could steer natural gas prices during this week of trading.

    By Gordon Kristopher
  • uploads///ng prices
    Macroeconomic Analysis

    Weekly recap: Natural gas prices

    The weather is the major driver of natural gas prices, so investors generally have an idea about how prices are likely to move in the short term.

    By Keisha Bandz
  • uploads///NG prices
    Macroeconomic Analysis

    Why cold weather forecasts support natural gas prices

    The weather is the major driver of natural gas prices. So, investors can get an idea of how prices will likely move in the short term.

    By Keisha Bandz
  • uploads/// Day Movement in Natural Gas Prices
    Macroeconomic Analysis

    Whither the weather go natural gas prices

    Natural gas prices rebounded on Wednesday after forecasts turned colder. Below-normal temperatures in some parts of the eastern US were expected.

    By Keisha Bandz
  • uploads/// Day Movement in Natural Gas Prices
    Macroeconomic Analysis

    Cold weather and bullish inventory don’t revive natural gas prices

    Natural gas prices started the week on a grim note, plummeting to a new two-year low. A mild December and record production has limited natural gas prices.

    By Keisha Bandz
  • uploads/// Day Movement in Natural Gas Prices
    Macroeconomic Analysis

    Natural gas prices finish the year with first annual drop since 2011

    Natural gas prices capped the year with a first annual drop since 2011, falling 6.6%. It’s the lowest in almost two years.

    By Keisha Bandz
  • uploads/// Day Movement in Natural Gas Prices
    Macroeconomic Analysis

    Why the weather hasn’t been able to support natural gas prices

    After falling into a bear market last week, natural gas prices continued to fall on December 22. This is because weather forecasts are still mild. Also, production has been surging.

    By Keisha Bandz
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