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UPLCQ - Oil Rallies But Producers Might Not Change Their Habits
Ultra Petroleum Corp. - Ordinary Shares New
Q1 earnings was just a few weeks ago, with most oil and gas companies reporting between around the end of April and the first week of May. At the time, West Texas Intermediate (“WTI”) averaged just a touch over $20.00/barrel, with many in the market fearing that storage would soon be overwhelmed and these drillers would have nowhere to store their oil. Well shut-ins, once thought to be a rare event, became wholly expected. The situation was, quite frankly, interpreted rather dire – at least in the minds of the market. The proverbial sky was