read the news and look at the chart!
Posted by ARTTEACHER on :
I took this train in January from .16 to .45!!! Hell of a ride too!
Posted by Johnwayne on :
Looks like it's gonna gap boys.
Posted by Average Joe on :
That's big news. At .102 but gapping to .107 already.
Posted by matto on :
LOL this will be a monster! hold on to your hats!!!!! i have made tons on this right art!
Posted by matto on :
MBEU also on news!!!!!!!
Posted by Johnwayne on :
Gonna have to wait for pullback, gaps too big.
Posted by matto on :
sweet huh
Posted by jigen3 on :
i got in this .103 last friday
Posted by superman7 on :
ok i am in i love the news and the chart is sweet
thanks for the heads up matto
Posted by KublaKhan on :
Only .005 from complete pullback
Posted by Alek2 on :
I was in 2 weeks ago at .115
But from what I can see, this morning it gapped at 9:30 then went down half a cent, and now its slowlllyyyy creeping back up, strange, any predictions?
Posted by LeeroyDollar on :
I like this one too. Looks like very good news, seems to be at the bottom, and natural gas and oil are up, and only going higher.
Posted by jigen3 on :
small gain today, bigger gains the rest of week
Posted by doling2005 on :
In at .109 GREAT NEWS...
Posted by Alek2 on :
nothing going on though, whats the deal, doesn't seem to want to pass .11
Posted by Madvillain on :
UPDA lookin' strong for today and most likely for the rest of the week. This stock is bein' talked about on other boards as well. UPDA seems to be creepin' up off a double bottom. My guess is oil going higher, so strong buy here IMO!
Mad
Posted by Grande on :
I was in at .118 as of 5/22 and on advice of Superman7.
Sounds like a promising company with some experienced leaders. Although, experience usually means you've made some mistakes... let's hope they do something with those 64 new wells!!!
It won't mean JACK unless they actualy do something with those new wells and start reporting a lot more revenues and delivered tankers full of petro.
Posted by Alek2 on :
any ideas to why its not moving though?
still at .11 or less...
crepes!
I want this to fly, I am in at .0115
Posted by doling2005 on :
Tried to get more at .107 no luck...up we go Posted by Madvillain on :
News today is solid, stock is oversold, comin' off a double bottom and oil going higher. UPDA will run today and quite possibly for the rest of the week, be patient!
Cheers,
Mad
Posted by Double Diamond on :
IN at 0.11
Posted by newdanny on :
I got some at 108 as it came down a lil bit. Volume already above avg.. When do you guys see this moving?
Posted by Madvillain on :
Load up!
Mad
Posted by newdanny on :
okay its stucked around 107 with vol almost 2 mil.
Posted by Madvillain on :
I expect we will move strong into the close and UPDA will most likely release another PR before the end of the week, so we should gradually trend North for the rest of this week.
JMO,
Mad
Posted by ARTTEACHER on :
quote:Originally posted by matto: LOL this will be a monster! hold on to your hats!!!!! i have made tons on this right art!
Yes sir...I remember us yapping about this in January...it's the stock that got me started in the green side of things...my first pick was a 2 bagger in a few weeks....
THIS IS PRIME TIME TO BUY IN!!! We will see movement this week IMO....just need patience..
Posted by Alek2 on :
Art Teacher, from your mouth to the MM's ears!
GLTA
!!!
I don't like real roller coasters, but I like the stock exchange ones! Posted by spetznazsmg on :
I agree this should be a good wk for UPDA
Posted by Hiker on :
No bite at .107
Posted by Hiker on :
opps....spoke too soon... .107 it is.
It's time to fly now...
Posted by Alek2 on :
either gonna be an EOD run,
or its gonna gap again tomorrow.... ?
Posted by Forrestgump on :
I am on this train too since today..So now watch this thing fall...I don't know...I lost, if I ever had it, the touch since a fews months! Don't blame me!!!!
Posted by KublaKhan on :
quote:Originally posted by Forrestgump: I am on this train too since today..So now watch this thing fall...I don't know...I lost, if I ever had it, the touch since a fews months! Don't blame me!!!!
New LoD. Good call.
Posted by doling2005 on :
got more at .102 Calling the bottom here...
Posted by doling2005 on :
I been waiting for this day.
Posted by jigen3 on :
yeah, it always goes back down to where i bought it and below
Posted by sbrcow on :
who got in at what? this gonna go below .102? anyone got L2s?
Posted by Alek2 on :
BID 6 * .101
ASK 1 * .102 2 * .103
Posted by Interesting on :
quote:Originally posted by jigen3: yeah, it always goes back down to where i bought it and below
I Know how you feel. I have been lowering my cost for about 8 months (plus) now. My cost is down to .26 now, I bought it first at .75 I would buy more but out of cash. I have unlimited patience...
Posted by doling2005 on :
BOTTOM HERE bid moved up ask moved up
Posted by superman7 on :
yes i sure hope so this stock is so due i just doubled my position a while ago
Posted by Alek2 on :
Guys, I just put a number "8" on top of my monitor.
I printed it out and taped it to the top of my monitor, and I have the UPDA chart on the screen.
hehehehe Posted by marinecorps3046 on :
looks like this has been dropping all day... glta
Posted by Alek2 on :
What news brought this stock racing up back in January?
Can't find the news that rocket launched it?
Posted by Interesting on :
Strangely enough this was the only news in January 06:9-Jan-2006
Change in Assets, Sale of Equity
Item 2.01 Completion of Acquisition or Disposition of Assets Reference is herewith made to Item 3.02 wherein the Company indicates that on December 31, 2005, it received an investment of Six Hundred Eighteen Thousand Dollars ($618,000) from Miramar Investments, Inc. pursuant to a previously executed investment agreement.
Item 3.02 Unregistered Sales of Equity Securities (I) On December 31, 2005, Six Hundred Eighteen (618) shares of Class B preferred stock were authorized for issuance to Miramar Investments, Inc..
(II) The transactions referred to above were did not involve underwriters and there were no underwriters discounts or commissions.
(III) The securities issued to Miramar Investments, Inc., were in exchange for the sum of Six Hundred Eighteen Thousand Dollars ($618,000.00) in cash.
(IV) The transactions referred to above were exempt transactions in accordance with Section 4(2) as transactions by an issuer not involving any public offering.
Posted by Alek2 on :
Are you F'ing kidding me?
That is what made this stock go to 50 cents?
HHHAHAHAHAHA WTF?
so then what is todays news supposed to do, it should make it go to $10
hahahahha
Posted by Interesting on :
The up trend started more than one week after, on the 17th January 2006, it got huge volume support on the 24th of Jan when the RSI crossed 70. Continued to run to .60 till the 28th or so.
Posted by Interesting on :
seems to me that a lot of action was going on in January,
And if history holds true, June should be a similar month.
This was some pretty big news we got this morning.
GLTA tomorrow morning cause today was crap!
Posted by Madge on :
quote:Originally posted by matto: sweet huh
Not so much!
Posted by marinecorps3046 on :
quote:Originally posted by matto: MBEU also on news!!!!!!!
mbeu closed up 38.46% nice!
Posted by Forrestgump on :
Dilution on news...hope no news tomorrow!
Posted by firefighterswct on :
This is definitly worth watching at theses levels got it on my watchlist....
Posted by Interesting on :
I studied the chart from its spike to 1.00 in Oct /05 to now, in corelation to all news. It seems to be consistent with the news of a form 8-K being reported/filed. Whenever there are news of the 8-K the volume would go up and so does the PPS. Some 8-K had more of an impact on the PPS than others.
Posted by Alek2 on :
When is the next 8-k supposed to come out?
Posted by Interesting on :
Keep in mind that this could be multiple coincidence. I think an 8-k comes out when there are any changes in assets that was not previously reported. Don't know when the next one will be out but it seems that more recent 8-k did not affect the PPS as much and that can be the result of investor confidence, dilution (if occuring) and many other factors. Here is a link on the 8-k explination: http://www.allbusiness.com/articles/Research/2307-2219-2233.html Posted by stockstar on :
Even if that was because of multiple coincidences, I still think this will run. The market will go up across the board, oil will go up and this will start to move away from the oversold area.
I'm gonna give it a few days and see where it will go.
Posted by spetznazsmg on :
Just in case some of you missed it there were some large block buys today
This one looks ready to breakout
Posted by TruthLiesWithin on :
been holding a bunch for awhile,,,,,,would like to see .30
Posted by RockLobster on :
Texas Energy, Inc. Completes Largest Acquisition To Date - Increases Well Portfolio from 17 to 81 And Acquires Promising Barnett Shale Prospect Monday June 5, 8:48 am ET
GRAHAM, Texas--(BUSINESS WIRE)--June 5, 2006--On Friday, June 2, 2006, Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) subsidiary, Texas Energy, Inc., closed on its acquisition of the Catlin Oil and Gas Field in Jack County, Texas. ADVERTISEMENT
By closing this acquisition, UPDA has completed its largest acquisition to date. The property consists of more than 30 leases covering approximately 2700 acres containing 64 producing wells. It is also in close proximity to many wells generating prolific quantities of natural gas from the Barnett Shale.
As previously reported, Texas Energy assumed control of the property on May 1 and began the process of rejuvenating the field which had fallen into disrepair since the death of the founder of Catlin Oil about three years ago. Since assuming control, Texas Energy has returned several wells to production and now has 40 wells on line.
All of the wells on the WA & WB Beggs have been brought on line, as well as the Swan lease, the McAnear and one each on the Ruth, the Carney, the Dibrell, the Woods B and the Kinder. The injection wells on the Ana Kinder and the WB Beggs leases have been restored and the flow line on the WB Beggs has been repaired.
"We have also installed curbs around the tank battery," reported Texas Energy Field Superintendent, Steve Hall. "The Railroad Commission has already reinspected and signed off on the effort. Multiple curbs were installed on the WA & WB Beggs leases as well as a lot of brush clearing. The Kinder well was repaired and new belts were installed. Several new motors and wiring boxes as well as single phase converters were repaired and installed on most of the WA & WB Beggs wells."
Hall further indicated that, "We discovered a significant leak in the main line of our gathering system which, when repaired, should increase our gas production by at least one third. We will now inspect the entire 12 miles of pipeline and 70 mile gathering system on the property and may be able to realize further significant sales increases by repairing this system. This property may have been losing as much as half or more of its gas production through these leaks which we will be repairing around the clock."
"Finally, the repairs to the water tank truck will allow us to get more oil to sales and now that we are able to put the double pole pulling unit in the field, we should be able to step up the pace of our down-hole repairs."
In addition to the lease rights, pipeline, gathering system and equipment, Texas Energy has also completed the purchase of approximately 50 acres of surface rights, 35 of those acres attached to a house on the property and 15 acres involving the shop and equipment field.
"While the work we are performing on the existing wells should generate significant short term production, we are really most excited about the Barnett Shale prospect we have acquired in this deal," concluded Hall.
Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
About Barnett Shale
According to the American Association of Petroleum Geologists, over 1 trillion cubic feet of gas has already been produced by the Dallas Fort Worth area Barnett Shale play. Current well completions average 1.5 wells per day. The Barnett Shale produces more than 50% of all shale gas produced in the United States. Using a geology-based assessment methodology, the U.S. Geological Survey, in a survey now more than two years old, estimated a mean of 26.7 trillion cubic feet (TCF) of undiscovered natural gas, a mean of 98.5 million barrels of undiscovered oil, and a mean of 1.1 billion barrels of undiscovered natural gas liquids in the Bend Arch-Fort Worth Basin Province, which is far below what many geologists working in the area have estimated.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Posted by Madvillain on :
UPDA is definitely one to watch for today and the rest of the week!
Mad
Posted by Alek2 on :
10,000 shares just bought at 0.105
looks good so far
Posted by newdanny on :
sitting at 104
Posted by Madvillain on :
I think this is ready to spike, it's definitely due for one.
Mad
Posted by Madvillain on :
It's time to load up on this one folks, we're gonna run today IMO!
Mad
Posted by Alek2 on :
nothing at all is happening, hopefully after the bell we will get some action, but from my experience on this stock, if it is to spike, it should have gapped big time by now...
Usually at around 9:25 AM the buyers come running in and at around 10:20 the train stops.
Posted by Madvillain on :
Alek,
I know what your sayin', but it's lookin' quite strong at the moment, even though a little slow.
Mad
Posted by spetznazsmg on :
I have emailed the company so we will se how they respond but, I think it wil be a good wk for them
Posted by Alek2 on :
There is mass sells at .104 and .102
Posted by newdanny on :
yupe Alek2, also not getting alotta attention
Posted by Alek2 on :
lets not jump to conclusions,
never know. maybe after the bell, we will se a reversal which may put the PPS in the .125 - .130 range
Posted by newdanny on :
I would love it.
Posted by Alek2 on :
wow 50,000 shares just bought at .105
I think we may see something, if not today, by the end of the week.
Posted by stockstar on :
It's taking a long time to get my order filled. Hopefully that is a good sign.
Posted by Alek2 on :
stockstar, get in, this is moving now Posted by stockstar on :
sweet, just got filled. ok, I'm ready to go now. Posted by spetznazsmg on :
this is gonna go within the next week.
Posted by Impat on :
Just got some 50000 sh right now. Hopefuly, this is going up ! I got lucky when bought IPRE with a +800% and then PAIV with + 1000%...Hope this will be the remake...GLTA!
Posted by Alek2 on :
Impact, your words to gods ears! Posted by stockstar on :
is this manipulation or dilution...large buys come in and it hardly goes up up small sells come in and to goes right back down?
Posted by Alek2 on :
The last time this stock went into the 9's,
it shot up to 13 after
Posted by Impat on :
I think we are on a reversal patern and that the operation sounds good! Bottom players are welcome !
Posted by newdanny on :
whats going on?
Posted by stockstar on :
I'm loading up down here...it can't get much lower.
Posted by Alek2 on :
whoooowwww nellyyy!
what a drop!
Posted by stockstar on :
lol I sure hope this thing has a good run. I have a lot of money in this thing at the moment.
Posted by The Green Demon on :
I say we see it lower before it goes higher...lots of good things going on though I am ready to jump it later this week
Posted by stockstar on :
yea, I agree. I'm thinking it will land in the low 90's before we have a run.
Posted by stockstar on :
Does anyone know if news will be coming out soon?
Posted by Impat on :
We shall go back up before the end! Great opportunity to enter right now at the low.
Posted by Alek2 on :
every time someone says this is a great time to enter, its the bottom its the low.... my stomach turns.....
I think these words should be banned on this forum! Posted by The Green Demon on :
the low is much lower then .09 IMHO
Posted by stockstar on :
quote:Originally posted by Alek2: every time someone says this is a great time to enter, its the bottom its the low.... my stomach turns.....
I think these words should be banned on this forum!
Aleks2, I agree 100% with you on that but you have to admit, this has gotten pretty low and it would taking advantage of this drop to get in around this price.
It's looking way oversold.
Posted by Alek2 on :
hahah If I had the money, I would be buying at these levels also.
I don't because I bought in at .115 hahahha
Poor me.... HAHAH
I see this stock moving up in the week, not down.
Posted by stockstar on :
quote:Originally posted by The Green Demon: the low is much lower then .09 IMHO
where do you think it's going to go.
the rsi is almost below the 30 mark and I think there will be some action when the rsi hits around 28 or so.
imho.
Posted by The Green Demon on :
I think that this stock will "hit" not stay at .07 or lower...also I think that in this market you will see the rsi hit around 20
Posted by Interesting on :
This is the lowest it has ever been not counting a few buys at .015 a month or so ago.
Posted by stockstar on :
lol oh man I hope not. But stranger things have happened.
I guess we'll have to wait and see.
glty
Posted by The Green Demon on :
I am aware of this but isn't today a new low as well?
Posted by Alek2 on :
bloody hell .095
Posted by stockstar on :
is the whole market down or is it just us?
Posted by Alek2 on :
I think its the whole market
Posted by Impat on :
Keep your shares guys, $$$$$$ are coming, check on that: bellwetherreport.com: The Bellwether Report Issues an Update on Universal Property Development and Acquisition Corporation
Jun 06, 2006 (M2 PRESSWIRE via COMTEX) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.
Universal Property Development and Acquisition Corporation focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures this morning reported that its subsidiary, Texas Energy, Inc., last week the company announced that they filed their 10-QSB for the first quarter of 2006 and the Board of Directors is pleased to announce that the company continues to thrive on all fronts.
On the financial side, their revenues tripled over the last quarter and their assets increased by more than 40%. Our liabilities decreased by one third and our shareholders equity almost doubled since the beginning of the year.
The company's revenues increased by more than 300% from $29,000 in the 4th quarter of 2005 to $106,000 in the 1st quarter of 2006. They have expanded their assets from $3.0 million to $4.3 million and at the same time decreased their liabilities to $392,000 from $650,000. In addition, shareholders' value increased by $1.6 million and our losses narrowed to approximately $475,000 from approximately $5,300,000 compared with the same period a year ago.
On Friday, June 2, 2006, a subsidiary of Universal Property Development and Acquisition, Texas Energy, Inc., closed on its acquisition of the Catlin Oil and Gas Field in Jack County, Texas.
By closing this acquisition, UPDA has completed its largest acquisition to date. The property consists of more than 30 leases covering approximately 2700 acres containing 64 producing wells. It is also in close proximity to many wells generating prolific quantities of natural gas from the Barnett Shale.
As previously reported, Texas Energy assumed control of the property on May 1 and began the process of rejuvenating the field which had fallen into disrepair since the death of the founder of Catlin Oil about three years ago. Since assuming control, Texas Energy has returned several wells to production and now has 40 wells on line.
All of the wells on the WA & WB Beggs have been brought on line, as well as the Swan lease, the McAnear and one each on the Ruth, the Carney, the Dibrell, the Woods B and the Kinder. The injection wells on the Ana Kinder and the WB Beggs leases have been restored and the flow line on the WB Beggs has been repaired.
"We have also installed curbs around the tank battery," reported Texas Energy Field Superintendent, Steve Hall. "The Railroad Commission has already reinspected and signed off on the effort. Multiple curbs were installed on the WA & WB Beggs leases as well as a lot of brush clearing. The Kinder well was repaired and new belts were installed. Several new motors and wiring boxes as well as single phase converters were repaired and installed on most of the WA & WB Beggs wells."
Hall further indicated that, "We discovered a significant leak in the main line of our gathering system which, when repaired, should increase our gas production by at least one third. We will now inspect the entire 12 miles of pipeline and 70 mile gathering system on the property and may be able to realize further significant sales increases by repairing this system. This property may have been losing as much as half or more of its gas production through these leaks which we will be repairing around the clock."
"Finally, the repairs to the water tank truck will allow us to get more oil to sales and now that we are able to put the double pole pulling unit in the field, we should be able to step up the pace of our down-hole repairs."
In addition to the lease rights, pipeline, gathering system and equipment, Texas Energy has also completed the purchase of approximately 50 acres of surface rights, 35 of those acres attached to a house on the property and 15 acres involving the shop and equipment field.
"While the work we are performing on the existing wells should generate significant short term production, we are really most excited about the Barnett Shale prospect we have acquired in this deal," concluded Hall.
Shares of Universal Property Development and Acquisition Corporation are currently trading fairly flat as this company sits at $0.10. This company has had tough times over the last 9 months as investors continue to drive this company's value down. Even though the company reported revenues of over 300% the year before, it was not enough as it will take more work then ever to get this company out of the cellar. Currently trading at $0.100, this company is a great trading opportunity as they look to regain the levels which they once stood. The BWR Research Team will continue to follow the market sentiment on this company and numerous others.
To review research on small cap companies like Universal Property Development and Acquisition Corporation, as well as many more exciting articles we encourage you to visit www.bellwetherreport.com. You can find these reports under the "Today's Articles" section. No credit Card Needed!!
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Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Bellwether may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Bellwether's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value.
Bellwether will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
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Posted by JimSC on :
Thanks, Impat, for your DD. This is a very impressive company with great management team. The pps is grossly undervalued. Did you say you wanted 10X? 3X will be good for me, but it's up to the MMs.
Posted by Alek2 on :
with all this great attention and work going on, why is the PPS still dropping?
Posted by stockstar on :
That is some great news. I'm now more sure then ever that a run will happen in the next few weeks. It's just a matter of when.
Posted by stockstar on :
quote:Originally posted by Alek2: with all this great attention and work going on, why is the PPS still dropping?
I was asking myself the same thing. But the lower it goes, the more attractive it is to new investers. At least in my point of view
Posted by Impat on :
This company was too undervalued....That's the reason ...Buy low and sale high, that's my opinion and UPDA has had a good profile for that! GLTA
Posted by JimSC on :
quote:Originally posted by Alek2: with all this great attention and work going on, why is the PPS still dropping?
The MMs like to get more cheap shares at the bottom level. When they get enough shares, they will raise the pps. Watch it.
Posted by BillP3 on :
I AM TRUSTING ALL OF YOU! 3 PAGES OF "This is going higher", and "It's ready for a run"... I'm new, and that's my 5th energy stock. I'm in * .095 (the others. CLLZF,GFPE,BLDV,PGPM)
Posted by Impat on :
Good player Bill!!! With this last report, UPDA should take off very soon!
Posted by BillP3 on :
how am I doing with the others- Connacher, Gulf Petroleum Exchange, Blue Diamond Ventures, Pilgram Petroleum??
Posted by Interesting on :
I don't see this going below .09 Only one direction left to go and that is up. Hopefully sooner than later
Posted by BillP3 on :
I am sorry if that was inappropriate to ask. Stay on point, huh?
Posted by BillP3 on :
forgive my ignorance...what are MMs?
Posted by BuyTex on :
oh my...you haven't actually started trading, have you? There's much, much info and material you need to digest before beginning to expose your capital to great risk. . .
MMs = Market Makers... the trading firms charged with, literally, making a market by supplying bid/asks. Please refer to the "edu" section on our homepage...
Posted by 10of13 on :
quote:Originally posted by BillP3: forgive my ignorance...what are MMs?
Buy Tex is right...I PM'd you some info..Hope it helps...
Posted by stockstar on :
I have 15k waiting for this to hit the bottom. Hopefully it will find it soon.
I wish other sites had this on rader too.
Posted by stocky1170 on :
What the f%$k!!!! Where the hell is the bottom already????
Posted by Impat on :
Be patient, this is not justified, and this will pop due to the recent PR very soon...I expect this around USD 0.4/sh within the next 4 weeks...
Posted by stocky1170 on :
I hope you're correct, Impat, because I'm getting really tired of avg. down and reminding myself to be patient, this is the bottom, it's way oversold. A voice of calm and reason is needed every now and then....thanks.
Posted by Interesting on :
I have been averaging down as well to the point that most of my capital is on this. If I had more money, I would buy more. The lower it gets, the easier it is to lower my average from .26
Posted by Impat on :
I agree it's oversold due to low PR, but now with the report, it's not the same as before...at least I hope so. Nothing is 100% sure, but if you want to get large profit back you need to take risks. The risk is lower when you buy at low, keep that in mind! This is huge gap between the market value and the value of that company...just waiting for the pop while the reversal pattern started! Check on charts..
Posted by Madvillain on :
This stock is a joke. I'll buy in when I see significant revenues, UPDA needs 15+ Million volume to make a nice run.
Mad
Posted by TruthLiesWithin on :
Price is not right!
Should be higher...
I'm not selling for awhile,,,,,,end of week will look better.
Posted by stockstar on :
Imo, I think with the rise in price of oil, the latest pr, and possibly a few up days for the whole market...this could have a pretty good run.
again, jmho
glta
Posted by Impat on :
Madvillain, please read the last report on this...You'll see that we can get mass of $$$$$$ here while this is evaluated very undervalued! Do your own DD...You maybe try to pull this down deeper to get it cheaper...
Posted by stockstar on :
wow, all that read disappeared fast. just goes to show you how quick this could run up.
Posted by Alek2 on :
its heading back into the 10 range
Posted by Madvillain on :
quote:Originally posted by Impat: Madvillain, please read the last report on this...You'll see that we can get mass of $$$$$$ here while this is evaluated very undervalued! Do your own DD...You maybe try to pull this down deeper to get it cheaper...
I played this stock in the past for nice gains, but the chart does not look good, it's hardcore down trending. Even if oil goes up, it may bounce for 30%, but then it's right back down. Chart is ugly and until significant revenues are produced, this stock is worthless.
JMO,
Mad
Posted by stockstar on :
closed even. Better then red.
Posted by Impat on :
Madvillain, that's why we do not agree on when buy and when sale...Please take the time to read the last report, and you'll understand why it is not the same as the whole last year........
Posted by Madvillain on :
quote:Originally posted by Impat: Madvillain, that's why we do not agree on when buy and when sale...Please take the time to read the last report, and you'll understand why it is not the same as the whole last year........
I know bro, I had a look at the report and it does sound promising, but it's obviously not promising enough for many investors, as you'll notice the low volume, low price and the ugly chart. I would like to say that this is a buying opportunity, but I'm not sure we've seen the bottom yet. If you look at the chart, look at how many times people could of thought we had bottom, but the price just kept on fallin'. I'll be watching it closely, but that's about it for now.
Mad
Posted by BillP3 on :
BuyTex- I've been trading on and off. I believe I know enough to risk a little. Thank you 10of13
Posted by Steam_Ahead on :
Bill, I don't think Buytex meant any harm, we're all in this thing together and trusting the ones that offer advice is half the battle -- watch and listen to 10of13, she's sharp as a whip.
Now where did that crystal ball I had go???
Posted by ABEX TRADER on :
A Dilution is the Solution Issue!POS that won't see the light of day for somtime!
Posted by BillP3 on :
UPDA is at it's 52week low. .10 I am glad I trusted the people here. I'm in at .095 and Happy. Everything I have read the rest of yesterday says this is about to go, and go BIG!
Posted by Alek2 on :
I still can't seem to understand why this PPS does not rise with all the great news coming out. Is it just delayed, or is there something else...
Am I missing something?
Posted by spetznazsmg on :
7-Jun-2006
Completion of Acquisition or Disposition of Ass
Item 2.01 Completion of Acquisition or Disposition of Assets. On June 2, 2006 (the "Closing Date"), Texas Energy, Inc. ("Texas Energy"), a Nevada corporation and a seventy-five percent (75%) owned joint venture subsidiary of Universal Property Development and Acquisition Corporation (the "Registrant"), completed the acquisition of certain assets pursuant to the terms and conditions of a Purchase Agreement dated April 12, 2006 (the "PA") by and between Texas Energy as the purchaser and the Caitlin Oil Company ("COC"), Virginia Catlin, Randy Catlin and the Estate of Carl Catlin (collectively the "Catlins") as the sellers. The assets so purchased by Texas Energy are described in more detail below, and in the PA which is attached hereto as an exhibit. The aggregate purchase price of the assets purchased by Texas Energy pursuant to the PA was $1,700,000 in cash.
On the Closing Date, under the terms and conditions of the PA, Texas Energy (the "Purchaser") purchased and COC and the Catlins (collectively the "Sellers") sold all of the rights, title and interest of the Sellers in certain assets collectively defined as the "Jack County Property" in the PA. The Jack County Property consists of: (i) approximately forty-seven (47) acres of real property located in Jack County, Texas, (ii) approximately thirty-six (36) oil and gas Leases on properties located in Jack County, Texas, (iii) certain equipment including, but not limited to, oil and gas wells, wellhead equipment, pumping units, flow lines, tanks, compressors, saltwater disposal facilities, injection facilities and other equipment used in connection with oil and gas exploration, development and production operations, (iv) certain tangible property including, but not limited to, furniture, tools, jigs, molds, rigs, well service units, elevators, trucks, trailers and other vehicles, and (v) certain transferable permits, franchises, approvals, and authorizations used in connection with the Leases. The aggregate Purchase Price paid by the Purchaser to the Sellers on the Closing Date for the Jack County Property was $1,700,000 in cash. In connection with the closing of the asset purchase transaction described above, Texas Energy paid a consulting and negotiating fee of $500,000 to NorTex Holdings, Inc. for its professional services in bringing the parties together and facilitating the consummation of the transaction.
While the Registrant intends for its subsidiaries to operate at a net profit, to date Texas Energy has a limited operating history and, therefore, the Registrant cannot accurately predict what its future results of operation will be, how the closing of the asset purchase transaction described above and memorialized in the PA will impact the operating results of Texas Energy, or how the operations of Texas Energy will impact the operating results of the Registrant.
The foregoing description of the PA and the transactions contemplated thereby is a summary of terms, is not intended to be complete and is qualified in its entirety by the complete text of that agreement, a copy of which is attached as Exhibit 10.1 to this Report. The reader is advised to reference Exhibit 10.1 for the complete terms of the PA and a detailed description of the assets purchased by Texas Energy on the Closing Date.
Section 9. Financial Statement and Exhibits.
(c) Exhibits.
The following Exhibits are hereby filed as part of this Current Report on Form 8-K:
Exhibit Description ------- -----------
10.1 Purchase Agreement by and between Texas Energy, Inc., Catlin Oil Company, Virginia Catlin, Randy Catlin and Virginia Catlin as Independent Executor of the Estate of Carl Catlin, Deceased, dated April 12, 2006.
Posted by Madvillain on :
This stock is a joke.
Mad
Posted by Impat on :
Nothing news with this, that's the reason why assets were upgraded by $1.7 mil.
This stock is very undervalued and will be revised soon. The steady sh volume daily traded looks like no dilution occured in the last few weeks. GLTA
Posted by Interesting on :
Another 8-K, we are sure aquiring a lot of property. Lets see if this thing runs on this most recent news. I expect a run on Friday.
Posted by Impat on :
Market Cap (intraday): 12.18M Enterprise Value (7-Jun-06)3: 15.96M
Posted by Impat on :
This stock is going to run soon, keep your shares! and check on NR!!!
Posted by BillP3 on :
Spetz....do you think the Completion of Acquisition or Disposition of Assets is the 'something else..., or the 'Am I missing something?' that Alek is talking about?
Posted by Alek2 on :
Damn it, still not runnin!
CREPES!
Hopefully soon!
Posted by spetznazsmg on :
Bill, I just post the news LOL I sent an email to the company about some things and still waiting to hear back.
Posted by stockstar on :
lol wow, just checking in and look at where the price has gone now. What a buying op.
I'm guessing that there will be one or two more down days and then the reversal will start to happen. I'll put my 15k in around then.
I don't know how big of a reversal it will be but I'm thinking it will go to .12 or above.
anyone else have any other thoughts?
Posted by stockstar on :
oh, another thought.
Looking at the end of day action yesterday, I'm thinking there is a little manipulation by the MM's to make us end even. The could be trying to get cheap shares during the day.
omho.
Posted by Impat on :
Bottom price and such undervalued.....:
Market Cap (intraday): 11.67M Enterprise Value (7-Jun-06)3: 15.96M
GLTA
Posted by Alek2 on :
Impat, what PPS do you see it being at a fair market value?
Posted by newdanny on :
do you guys see this falling below 9? I think it shouldnt, pps already down alot.
Posted by BillP3 on :
.091 X .093? WTH! thought this was done yesterday!
Posted by Hiker on :
This is obviously not a stock to make a fast buck on like so many are looking for. If you're looking for a fast in and out, get out of this one and re-start your hunt.
Posted by Interesting on :
quote:Originally posted by newdanny: do you guys see this falling below 9? I think it shouldnt, pps already down alot.
No
Posted by BillP3 on :
Because I am a newB, and don't know what the H I'm doing, I started a thread yesterday with title - UPDA won't go below .090....
I was WRONG.....the last $0.087 what's going on people??
Posted by Upward Trend on :
Press Release Source: Universal Property Development and Acquisition Corporation
UPDA Finalizes Plans to Create Wells Service Company Thursday June 8, 10:40 am ET
JUNO BEACH, Fla.--(BUSINESS WIRE)--June 8, 2006--Universal Property Development and Acquisition Corporation (OTCBB:UPDA - News) has finalized its plans to create a separate oil and gas well services company. This initiative came as a result of UPDA's recent acquisition of the Catlin Oil and Gas Field in Jack County, Texas. ADVERTISEMENT
Consistent with this reorganization, UPDA separated the assets acquired in the Catlin transaction among three companies. All lease and oil and gas wells were transferred to the Texas Energy subsidiary, the pipeline and the gathering systems to the TEI Pipeline subsidiary and all service equipment will be assumed by the new wells services company, UPDA Operators.
The creation of this subsidiary and the recruitment of personnel with oil and gas expertise will enable the company to become self-sufficient as far as work overs and drilling is concerned. The addition of this subsidiary will also allow all of the UPDA lease and well owning subsidiaries to complete their projects faster and more efficiently and at the same reduce costs.
"We took this step to complement and take advantage of our fast expansion strategy. Our subsidiaries increased their well numbers by almost 100 wells so far this year, collectively. UPDA subsidiaries now own over 155 wells and close to 7,000 acres," said Steve Barrera, Texas Regional Manager. "Through UPDA Operators, we will be able get more of the wells into production, faster, and increase the revenues we can generate as a result of the aggressive growth of our asset base."
The production from its wells will be reported by UPDA as it continues to update its website at: www.universalpropertydevelopment.com. Posted by Interesting on :
WTF is going on! I am starting to feel a little worried. Really testing my patience UPDA.
Posted by yayaba on :
Wow... down to the 8's...
Posted by Interesting on :
Who is giving away this stock?
Posted by Alek2 on :
This is horrible, I should have sold when I had the chance for 0.13
Posted by Madvillain on :
I'll buy this POS when it supports at $0.009! lol
Mad
Posted by lux aeterna on :
quote:Originally posted by Madvillain: I'll buy in at $0.01! lol
Mad
thats just mean Posted by Impat on :
Market Cap (intraday): 10.64M Enterprise Value (8-Jun-06)3: 15.96M
Posted by Madvillain on :
Oil falls below $70, so not good for oil stocks right now. That would be my guess for the drop in price, but it could also be due to the dilution that's been goin' on. Apparently UPDA is a dilution machine. I'm staying away from this stock until I see STRONG financials.
Mad
Posted by Impat on :
If dilution, you should see the daily traded volume up, but the volume is steady ....for some weeks
Posted by Madvillain on :
quote:Originally posted by Impat: If dilution, you should see the daily traded volume up, but the volume is steady ....for some weeks
I'm just guessin', I really don't know what's goin' on with UPDA.
Posted by Impat on :
In addition the 2 last NR are quite good, No explaination at all...
Posted by Interesting on :
This is where I close my computer run away for a week or two and hope for the best. LOL
Posted by The Green Demon on :
In my opinion it is falling on techs right now we still have a little ways...
Posted by LeeroyDollar on :
Seems to be picking up this afternoon.
Posted by stockstar on :
volume is up compared to yesterday at this time.
Posted by LeeroyDollar on :
Boing!
Posted by Alek2 on :
looking good right now.
Posted by Egg Inspector on :
UPDA Finalizes Plans to Create Wells Service Company Business Wire - June 08, 2006 10:40
JUNO BEACH, Fla., Jun 08, 2006 (BUSINESS WIRE) -- Universal Property Development and Acquisition Corporation (OTCBB:UPDA) has finalized its plans to create a separate oil and gas well services company. This initiative came as a result of UPDA's recent acquisition of the Catlin Oil and Gas Field in Jack County, Texas.
Consistent with this reorganization, UPDA separated the assets acquired in the Catlin transaction among three companies. All lease and oil and gas wells were transferred to the Texas Energy subsidiary, the pipeline and the gathering systems to the TEI Pipeline subsidiary and all service equipment will be assumed by the new wells services company, UPDA Operators.
The creation of this subsidiary and the recruitment of personnel with oil and gas expertise will enable the company to become self-sufficient as far as work overs and drilling is concerned. The addition of this subsidiary will also allow all of the UPDA lease and well owning subsidiaries to complete their projects faster and more efficiently and at the same reduce costs.
"We took this step to complement and take advantage of our fast expansion strategy. Our subsidiaries increased their well numbers by almost 100 wells so far this year, collectively. UPDA subsidiaries now own over 155 wells and close to 7,000 acres," said Steve Barrera, Texas Regional Manager. "Through UPDA Operators, we will be able get more of the wells into production, faster, and increase the revenues we can generate as a result of the aggressive growth of our asset base."
Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
SOURCE: Universal Property Development and Acquisition Corporation
Universal Property Development and Acquisition Corporation Bradford Moore, 561-630-2977 (Investor Relations) info*updac.com
Copyright Business Wire 2006
Posted by Egg Inspector on :
Volume 3,519,058
Posted by Alek2 on :
I think tomorrow should be an interesting day in favour of the share holders.
Posted by Egg Inspector on :
THIS THING WENT ALL THE WAY TO $.079 TODAY. Bloddy Hell!
Posted by stockstar on :
we are actually up at the moment.
Things are looking up
Posted by Alek2 on :
no volume though...
Posted by jigen3 on :
pretty slow market
Posted by Egg Inspector on :
B .084 / A .087 last: .0851 volume 226,922 change: -3.30% 10:54:09
interesting note: 1 big sale yesterday of 765,000 * .087
Posted by LearningInvestor on :
Moving??
Posted by Alek2 on :
Not yet, Learning.
Posted by Alek2 on :
If the volume is kept low today, and we still close in the green, tomorrow should be a very nice day.
Posted by LeeroyDollar on :
GRRR! This stock is starting to frustrate me. Surely this is the bottom. Then again, I thought that at .16, then at .10... The difference may be that today it closed at LOD.
I'm stubborn on this one though, not selling... I'll try to average down tomorrow morning if this price holds or goes lower.
Posted by Egg Inspector on :
well.....where's the train?
Posted by Alek2 on :
The train had a problem with the wheel, we are fixing it as we speak. Posted by jigen3 on :
geez, day 9 no positive gain, previous 10-day downward spiral yielded 30% run, the 100%+ run in january was from a 12-day downward spiral.
Posted by Egg Inspector on :
Ok....patience....
you know, you can talk about DD, P/E ratio, Earnings, timing, etc..
Egg says....
"Patience is the KEY ingredient in this game" Posted by Alek2 on :
RSI below 30 now?
Will it run any time soon?
Posted by newdanny on :
can somone stop the fall please!
Posted by The Bigfoot on :
Have you guys got that tire changed yet?
Posted by LeeroyDollar on :
Ooof! The title should have read, "Don't get hit by this run away train!" Glad I didn't buy more first thing this morning, looks like the free fall hasn't quite stopped.
Posted by Egg Inspector on :
what happened to .09 being bottom!
This is the ONE bloody stock, as a newB, I just jumped in, based on all the positive in this board. this is not sour grapes, but a couple of days ago this seemed TEFLON.
anyway, I still think all these 4-star rated traders can't be wrong...
"So I'm gonna stick around and see what happens" Posted by Alek2 on :
Egg, don't even bother looking at the stars.
Use your gut and DD take care brotha!
Posted by LeeroyDollar on :
Come on Egg, surely you don't base your buying decisions on the stars of the posters! If I did that, I'd be holding a buch of useless QBID, or some other garbage like that. DD
Posted by Egg Inspector on :
was adding some levity...
of course not... it was like
"surely all these 4-star tarders couldn't POSSIBLY be wrong!
but I did totally hear about it here....did my DD and bought :p
Posted by Egg Inspector on :
where is everyone?
Posted by The Green Demon on :
I am putting in a limit buy for the mid 6's
Posted by Grande on :
Here's my 2-cents... I think this company can go either way right now... up or down depending on if it continues to produce revenues and reduce losses... duh, right? At this time, my gut instinct tells me that leadership will continue to produce as well as seek properties capable of producing more revenues. So, I'm sticking with it and hoping that they'll use my investment to propel the company into prosperity.
Actually, I really am not a big fan of oil companies as a source for energy. It's too inefficient and polluting for everyday vehicle use when compared to alternative energy sources like hemp or other natural oils. The biggest problem here is breaking the paradigm and getting big business to move along... which is an extremely complicated process that delves into the pockets of too many princes, kings, cousins, cousins cousins... w/e.
So yeah, I look forward to this company producing results and getting out of red-book land with it's recent property acquisitions. From my perspective this is a middle range investment of my money that I had intended for short range investments... but sometimes that's the way the ball bounces.
Go LFWK
Nice knowing you INLM (wish I had known you longer than I did!) hehehehehe Now, INLM... there's a company with consistent positive moves and what seems like a strong future IMO
Posted by osoaz on :
UP 10% in first 1/2 hr. GOOOOOOO!!
Posted by Interesting on :
I am back, hanging in. With stocks like these, you need unlimited patience and a stomach lined with stainless steel.
Posted by jigen3 on :
it's gapping today, might be the day it turns around and closes up.
Posted by Alek2 on :
Guys, this stock is falling, but if you take a look at the market in general, it is horrible, most stocks follow the market unless some huge news breaks out such as a cure of SARS or something.
If you sell this stock now, you will be cutting your losses to someone that knows what they are doing and they are the ones that bought from you. Then they will stick it out and wait it out, and make 2 or 3 times what they bought it for.
I am in at 115 and I won't be selling no matter what right now because the market will turn and when it does, I will recover most if not all of my money.
Cheers!
Posted by Interesting on :
The RSI chart on this says oversold, way oversold. Posted by Interesting on :
quote:Originally posted by Interesting: The RSI chart on this says oversold, way oversold.
That's why I was waiting for it to go down to about .05 or lower to get in. Good luck to those in it. Take a profit and run.
Posted by Interesting on :
Oversold could mean that there will soon be a shortage of sellers, no more sellers to sell because they could have all sold out (possibly). When buying pressure starts, the price usually goes up.
Posted by Alek2 on :
For all that were in at 0.069, get out if it hits 0.09
Posted by Interesting on :
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