Universal Energy Corp (UVSE), an independent energy company engaged in the acquisition, exploration, and development of crude oil and gas, has recently been rated “Sector Outperform” and received a target price set to $4.39 by Beacon Equity.
Currently, the company is focused on core areas of mining in Louisiana and Alberta, Canada. Two prospects have already been drilled in Louisiana, with drilling of three additional wells to begin in mid-October.
The Company’s strategy focuses on identifying mapable geological trends in both areas and finding predictable high quality oil and gas basins. The company does not mine until 3d Seismic Surveys and technological analysis are complete, confirming the need, or lack thereof, of drilling. Because High-quality reservoirs generate the highest economic returns, the company is mainly focused on that goal at this time.
Universal Energy is also seeking to acquire working interest in various properties that provide the right to drill, produce, conduct operating activities and receive a share of production. Because Universal Energy has financial flexibility, the Company is able to take advantage of new opportunities without further dilution.
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