The following video is from Thursday's Digging for Value, in which host Alison Southwick, Motley Fool analyst Micael Olsen and Fool.com contributor Tyler Crowe dive deep into the top stories for today's energy sector investors.The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
In this segment, Michael breaks down Ultra Petroleum's (NYSE: UPL ) $650 million acquisition of oil assets in the Uinta Basin. While the market may not like this deal because of the lack of infrastructure in the region and the questionable economics of the deal, Ultra has a long track record of making lemonade out of lemons in some of the more out-of-favor oil and gas plays in the United States. Tune into the video below where Michael breaks down why Ultra has a good shot of making it work in the Uinta.
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