Universal Property Development and Acquisition Corporation is focused on exploring, developing, producing, storing, distributing as well as blending oil and natural gas. The company operates as a holding company as it owns controlling interests in energy-related businesses and provides the necessary funds to develop energy reserves and leading-edge technologies. Through this strategic plan, the Company is able to both expand and diversify its asset portfolio and operations while simultaneously broadening its knowledge base and expertise.
The Company owns controlling interests in six operating subsidiaries focused on the areas of oil and gas exploration and production, distribution, storage and trading. The Company’s business model pursues joint-ventures that expand its assets and operations and provide the services of skilled energy industry professionals and financing support while at the same time reducing operating risk. The Company’s operating subsidiaries and joint ventures include UPDA Operators, Inc., Catlin Oil & Gas, Inc., Canyon Creek Oil & Gas, Inc., Aztec Well Services, Inc., Continental Fuels, Inc. and Heartland Oil & Gas Corp.
The Company is focused on low-risk oil and gas prospects providing high net revenue interests; frequently in regions of proven production. Universal Property Development believes that risks are reduced by utilizing advanced technologies for geological interpretation, drilling, geophysics and production engineering such as 3-dimensional seismic and magnetic survey data.
The analyst who completed the report stated, “UPDA’s value is the $157 million sum of the fair values of its oil and gas trading and exploration businesses. Also taking into account the Company’s 87% ownership interest in its largest subsidiaries, we derive a $0.16 price target for UPDA shares. Accordingly, we are initiating coverage of Universal Property Development and Acquisition Corporation with a Speculative Buy rating and a $0.16 price target”
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