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Ultra Petroleum (NYSE: UPL ) has been pretty quiet on the acquisition front recently, but that changed this week when the oil and natural gas producer made a $680 million purchase in the Uinta Basin. Not every purchase is perfect, so in this video Fool contributor Tyler Crowe takes a look at three ways you can look at this deal.
If you are looking at this from a bearish standpoint you should be concerned about takeaway capacity. The region offers a very limited crude pipeline and only 63,000 barrels per day of refining capacity from two refineries owned by Tesoro (NYSE: TSO ) and HollyFrontier (NYSE: HFC ) . Tune into the video below to see the other ways investors can view this recent move.
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