Stock Guru Profile Universal Energy – Blog – News
UNIVERSAL ENERGY CORP – UVSE
Oil Prices Rise Above $84 a Barrel on Winter Supply Concerns and Conflict Between Turkey and Kurds
It’s a great time to be in the good old fashioned oil business!
With two wells ready to begin generating revenue and seven more to come online UVSE delivers a solid business plan where risk is managed and diversified.
FIRST: UVSE made the decision to drill the most likely cash flow positive wells first and build on that. DONE. Two wells will begin delivering revenue in October and November.
NEXT: The potential for serious revenue comes with their next well in Cameron Parish, Louisiana. This is a higher risk well with a higher pay off. PLUS to sweeten the outcome … UVSE went beyond the cutting edge 3d seismic testing here. Confidence abounds.
BUT, talk about sweeting the outcome: oil prices have extended their rise after closing at a record high to end last week amid worries that supplies are insufficient for coming winter demand and on concerns over the conflict between Turkey and Kurds in northern Iraq.
Crude inventories are falling. Stock Guru warned of this last Tuesday (see blog) and as predicted: the U.S. Energy Department reported that U.S. oil supplies declined in the week ended Oct. 5, while the International Energy Agency said that oil inventories held by the world’s largest industrialized countries have fallen below a five-year average.
This is what it is like when the planets align in your favor! UVSE is clearly the favorite son!
Stock Guru interviewed Billy Raley, CEO, and Dyron Watford, CFO/CPA of UVSE on Friday morning.
The podcasts will be released next week.
Billy and Dyron lay out a well formulated plan.
CONTACT:
Universal Energy Corp.
Billy Raley, CEO, (800) 975-2076
braley@universalenergycorp.info
Email: Dyron M. Watford, CFO – dwatford@universalenergycorp.info
Website: www.universalenergycorp.info
30 Skyline Drive
Lake Mary, FL 32746
Phone: (800) 975-2076
Fax: (800) 805-4561
Source: Universal Energy, Reuters, Wall Street Journal, Bloomberg
About Universal Energy Corp. Universal Energy Corp. is an energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States and Canada. We pursue oil and gas prospects in partnership with oil and gas companies with exploration, development and production expertise. Our prospect areas consist of lands in Alberta, Canada, Louisiana and Texas. Visit www.universalenergycorp.info for more details.
Safe Harbor Statement: All statements, other than statements of historical fact, included in this press release are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. The forward-looking statements, including statements about the company’s future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) are subject to assumptions and beliefs based on current information known to the company and factors that are subject to uncertainties, risk and other influences, which are outside the company’s control, and may yield results differing materially from those anticipated. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration opportunities being fewer than currently anticipated. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company’s public announcements and filings.
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