Since this stock has been mentioned recently, here's some info:
Business Summary:
Universal Energy Corp., an independent energy company, engages in the acquisition and development of crude oil and natural gas leases in the United States and Canada. As of December 31, 2007, it had working interest in approximately 7,095 acres of land in Louisiana and Texas, as well as in Alberta, Canada. The company, formerly Universal Tanning Ventures, Inc., was founded in 2002 and is based in Lake Mary, Florida.
Quote:
Universal Energy Corp. Announces Completion of Caviar Pipeline
Thursday July 3, 8:45 am ET
HOUSTON, July 3 /PRNewswire-FirstCall/ -- Universal Energy Corp. (OTC Bulletin Board: UVSE - News), announced today that the Caviar pipeline was completed on July 1, 2008. Work has continued over the past few days finalizing the component installation on the production barge.
"I truly feel patriotic beginning production of Caviar # 1 and Caviar #4 on Independence day weekend," commented Billy Raley, Chief Executive Officer of Universal Energy Corp. Raley continued, "In no means do I imply that production from Caviar production will change the energy markets, but if each U.S. E&P company were focused in on drilling domestic prospects as we are, it would create a damn good start."
Universal Energy Corp. is a publicly traded (OTC Bulletin Board: UVSE - News) energy company engaged in the acquisition and development of crude oil and natural gas leases in the United States. 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 Louisiana and Texas. Visit Universal Energy Corporation for more details.
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Chart:
UVSE - SharpCharts from StockCharts.com
Fundamentals:
Shares Outstanding 29.89M
Beta 3.3200
52 Week High (7/9/2007) 2.5500
52 Week Low (6/23/2008) 0.0100
Market Capitalization 0.59M
30 Day Historical Volatility 409.1500
I got in yesterday at .024, hope this will copy HTOG and bounce up next week.