Beacon Equity Research Featured Company: Continental Fuels, Inc. (CFUL.OB)
Continental Fuels, Inc. (CFUL.OB) distributes crude and refined petroleum products. The company’s primary business is purchasing, selling, storing, blending and transporting petroleum products, both in the domestic markets and international markets. Continental Fuels acquired US Petroleum Depot, Inc. and UPDA Texas Trading, Inc. in April 2007. UPDS Texas Trading, Inc. was renamed Continental Trading Enterprises, Inc. Through these acquisitions, Continental Fuels gained control of petroleum storage and terminal facilities at the International Port of Brownsville, Texas. In addition, Continental Trading has supply contracts and sales agreements with several important refineries for the purchase and sale of crude and condensate. The…