Anyone interested in receiving alerts regarding UPDV research should e-mail members*beaconequity.com 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.
BeaconEquity.com Jeff Bishop, 469-252-3505 press*beaconequity.com www.BeaconEquity.com or Universal Property Development Jack Baker, 561-630-2977 info*updac.com
Source: Business Wire (June 12, 2008 - 6:06 AM EST)
posted
In late yesterday at .0032, UPDV has lagged the movement of HTOG and UPDV owns HTOG, so I'm expecting some coattail effect here on the heels of HTOG's success.
-------------------- I may be wrong, but I don't think so....
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posted
If you like HTOG you will like UPDV which is a majority owner of HTOG. .007 is the level HTOG broke out from. It looks ready here seems like so many concentrating on HTOG they are forgetting who owns them.
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