Fully reporting company
This is one of those oil companies trading well with over 400 Number of Trades and it looks to be making some moves. Its a buy in my book.
Company Information:Universal Property Development and Acquisition Corporation (UPDA) is engaged in the oil and natural gas acquisition, exploration, production, development, storage and distribution industry. It has operations in the States of Texas and Kansas. The Company operates in two segments: the petroleum products storage, resale and transportation segment, and the oil and gas property acquisition, development and production segment. Continental Fuels, Inc. (Continental) conducts the Company’s operations in its petroleum products storage resale and transportation segment. Heartland Oil and Gas Corp. (Heartland) conducts operations in the Company’s oil and gas property acquisition, development and production segment. The oil and gas properties acquisition, development and production segment is focused primarily on the development of oil and gas leases on properties located in the States of Kansas and Texas and the production of coal bed methane, natural gas and oil on those properties.
Company Contact:Address 14255 U.s. Highway No. 1
Suite 209
Juno Beach, FL 33408
Telephone (561) 630-2977
Fax (561) 630-2241
http://www.universalpropertydevelopment.com/ Press Release:Universal Property Development Receives Updated 'Speculative Buy' from Beacon Equity Research
Thursday 06/12/2008 7:00 AM ET - BusinesswireAs of 2:11 PM ET 6/23/08
Universal Property Development (OTCBB: UPDV) has been rated 'Speculative Buy' by Beacon Equity Research Analyst Victor Sula, Ph.D.
The full report is available at
http://www.BeaconEquity.com/m. Anyone interested in receiving alerts regarding UPDV research should e-mail
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with "UPDV" in the subject line.
In the report, the analyst writes, "Our $95 million value target for UPDV is the sum of the $70 million value estimate of its Continental Fuels segment and the $25 million value of HTOG current and potential future production ... Despite the Company's need to secure additional financing, we continue to think UPDV has attractive energy assets and significant growth potential. Accordingly, we are reiterating our Speculative Buy rating for Universal Property Development and Acquisition Corporation ..."
Other companies in the diversified investments industry include Nymex Holdings Inc. (NYSE: NMX), Penn West Energy Trust (NYSE: PWE), San Juan Basin Royal (NYSE: SJT) and Harvest Energy Trust (NYSE: HTE).
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of UPDV. Additionally the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon"
certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon and its affiliates have been compensated a total of seven thousand five hundred dollars directly from the company; additionally, Beacon has been compensated two thousand seven hundred fifty dollars from OTCstockZone for enrollment of UPDV in its research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
SOURCE: Universal Property Development
BeaconEquity.com
Jeff Bishop, 469-252-3505
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www.BeaconEquity.comor
Universal Property Development
Jack Baker, 561-630-2977
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