We have shorted UPL stock at $1.35 and simultaneously bought 2018 unsecured bonds at $8.80. In base case scenario, unsecured bond owners will have a larger share in the new company relative to current equity holders. If UPL …
In a chat with ET Now, Deven Choksey, MD, KR Choksey Investment Managers, says a corrective downside in UPL price could be the best opportunity to buy the stock and play a little contra buy at this point of time. Edited excerpts Give me …
Take the case of Ultra Petroleum (UPL) for instance. Ultra Petroleum Corp (UPL) has gone from being a $50 stock in 2011 and a $15-20 stock last year to being a ~$0.50 stock today. The company received a recent share price deficiency …
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UPL Ltd : UPL acquires 26 percent strategic stake in Weather Risk Management Services Private Limited for about 100 million rupees in cash .
The last trade for the "old" UPLMQ on April 11 was $7.23 ($13.86 on the new stock basis.) Shareholders received 0.521562 new UPL shares and 0.068258 rights per old UPLMQ share. Many credit the CEO, Michael Warford, for getting …
On a per-share basis, the Houston-based company said it had profit of 24 cents. Earnings, adjusted for non-recurring costs, were 28 cents per share. The independent oil and gas company posted revenue of ...