posted
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!!
The Bellwether Report will continue to research all of the markets to bring you exciting opportunities!! If you are interested in receiving more information on these small or large cap opportunities as well as other features of our site, feel free to sign up for a complimentary subscription to the #1 online investment tool www.bellwetherreport.com.
Companies looking to advertise with Bellwether Report should email jlee*bellwetherreport.com with the subject line (Advertising).
All material herein was prepared by the Bellwetherreport.com, (Bellwether) based upon information believed to be reliable. The information contained herein is not guaranteed by Bellwether to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Bellwether is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter.
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.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Bellwether undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
-0-
Search for Dun & Bradstreet reports on this compa
Posts: 477 | Registered: Oct 2004
| IP: Logged |
posted
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.
Posts: 3228 | From: Michigan | Registered: Aug 2005
| IP: Logged |
posted
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.
Posts: 200 | Registered: Mar 2005
| IP: Logged |
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
Posts: 200 | Registered: Mar 2005
| IP: Logged |
posted
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
Posts: 477 | Registered: Oct 2004
| IP: Logged |
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.
Posts: 3228 | From: Michigan | Registered: Aug 2005
| IP: Logged |
posted
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)
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
| IP: Logged |
posted
how am I doing with the others- Connacher, Gulf Petroleum Exchange, Blue Diamond Ventures, Pilgram Petroleum??
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
| IP: Logged |
posted
I don't see this going below .09 Only one direction left to go and that is up. Hopefully sooner than later
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
| IP: Logged |
posted
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
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...
Posts: 477 | Registered: Oct 2004
| IP: Logged |
posted
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.
Posts: 200 | Registered: Feb 2004
| IP: Logged |
posted
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
Posts: 203 | From: Ft Collins, CO | Registered: Nov 2005
| IP: Logged |
posted
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..
Posts: 477 | Registered: Oct 2004
| IP: Logged |
posted
Madvillain, please read the last report on this...You'll see that we can get mass of $$$$$$ here while this is evaluated very undervalued! Do your own DD...You maybe try to pull this down deeper to get it cheaper...
Posts: 477 | Registered: Oct 2004
| IP: Logged |
quote:Originally posted by Impat: Madvillain, please read the last report on this...You'll see that we can get mass of $$$$$$ 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.
posted
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........
Posts: 477 | Registered: Oct 2004
| IP: Logged |
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.
posted
BuyTex- I've been trading on and off. I believe I know enough to risk a little. Thank you 10of13
Posts: 1307 | From: Pittsburgh, PA | Registered: Jun 2006
| IP: Logged |