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I just added again to my UPL holding. Only one - rathar huge - metric has changed over the past several months; ie, the nat gas price falling to the $2.50 level. I calculate UPL is about half hedged at $5 this year. Their lowest cost profile unchanged, they stand out in the industry with operating margins -stil - in the green.

I'm feeling like the sage (identity forgotten) who said "Buy at the point of maximum pessimism".
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