Re: UPL Announces Intention to Work With Fir Tree Partners & other significant stakeholders
I'll be very curious to see what they (may) get for their "non-core Uinta" assets. In my opinion that was the single most ill conceived, miss timed transaction that UPL did and had a significant effect on pushing them into BK, and at a price that looked ridiculously high back then, and even more so now. I wish Fir Tree the best, and hope they know that they are dealing with a holding whose management has made some seriously poor decisions over the years. Frankly, there are better gas producers around.