When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
UPL - Ultra Petroleum: Having Challenges With Its Recent Debt Exchange Offer
Ultra Petroleum Corp.
Ultra Petroleum (UPL) has not seen much interest in its latest debt exchange offer, potentially closing off that method of deleveraging. The expectations for future natural gas prices also continue to be quite weak at the moment.
Based on current strip prices, Ultra should remain in compliance with its credit facility hedges in 2019, but could face issues in mid-to-late 2020 as its hedges start providing less value. It probably needs to receive most/all of the $260 million potential make-whole litigation appeal recovery in order to avoid violating its current credit facility covenants