Beacon Equity Research Featured Company: Universal Property Development and Acquisition Corp. (UPDA.OB)
Universal Property Development and Acquisition Corporation (UPDA.OB) operates as a holding company focusing on the exploration, development, production, storage, distribution and blending of oil and natural gas. The company’s operating strategy causes it to own controlling interests in energy-related businesses while providing the funding to develop energy reserves and new cutting-edge technologies. This plan enables the company to expand and diversify its asset portfolio and operations while broadening its knowledge base and expertise. Operation by Universal Property Development and Acquisition Corp. is through six majority owned subsidiaries. One subsidiary, Continental Fuels, engages in energy trading activities while the remaining five…