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There is too many shares outstanding here (Over 8.4 Billion shares). I would like to see a 100:1 reverse split. This will make the shares more attractive.
Also who knows whats going on with Cheveron. Every now and then there is a posting containing Cheveron. Whats all that about?
Heatland Oil Company in Denver is not HTOG.
We are Heartland Oil and Gas Corp.
TWO DIFFERENT ENTITIES. I know because I spoke to Denver several months ago and left a message telling this to everyone, once before.
UPDV still has 2 things with HTOG.
1) They own 52% of HTOG Stock
2) They own convertable bonds issued by HTOG that will bring the stock ownership up to 70%.
I looked at that web site showing the production for HTOG. Look at bottom of page, below the chart. They clearly state that it info prior to 2007. That is before UPDV took them over and stop issuing information. What we need is 2010 data. Does anyone know who is managing these wells. I'll give that person a call since no one else is trying. Last week I call Heartland Oil and Gas Company. I was told by them that they are not HTOG as HTOG is known as an Inc. and not company (Funny I always thought they ment the same). The company is incorporated in Colorado and the Inc. is incorporated in Texas.
I did not write off UPDV. The unique diff of UPDV is that it actually owns 52% of HTOG and with HTOG convertable bonds it increase its hold to 70%. So even though UPDV is no longer traded, ownership is still there which means UPDV has assets. I own all together 550,000 shares of UPDV. Hey maybe you and I can get together, with our shares combined, write a letter to SEC and see if we can take controll of UPDV. After all a good case can be made that the current officers are inept for not following SEC guide lines.
As I had stated several times earlier this year. In 2008 with five start deal UPDV purchased 829 million shares from HTOG so that HTOG doesn't have to pay back loans back then. This represented 52% of HTOG. UPDV also purchased convertable bonds from HTOG, where once converted,UPDV will have 70% of the stock. When UPDV took over in 2008, they merged one of their other Oil Division into HTOG (I think it was Catlin Oil). Later that year they let go of all of HTOG Admin staffandthe admin staff of CNFU (anither UPDV Sub), in the intent of saving money, they would have UPDV take care of all admin work. In mean time UPDV stop funding Aztec Oil (an other sub) and this sub was forced to close its doors in earlier 2009. Also at this time CNFU was stealing Oil out of Mexico, was caught and officers were indited. Back in 2008 when UPDVtook over they stop giving news and also stoped filing 10Q for all of their companies. SEC investigated the non filing, issued papers for them to file, but those papers were returned to SEC because UPDV had moved. So SEC delisted UPDV. However UPDV still owns 52% of HTOG. In mean time, last time I saw HTOG official wb site (Which I no longer find), shortly after UPDV was delisted. The web site showed HTOG as the parent company and UPDV as a sub
UPDV has 52% of the stock and convertable bonds that would bring ownership % to 70%. Even if UPDV is no longer listed, they have controlling interest in their major subsidiary. I don't think they will get rid of it. Whats is needed is a law suit out against UPDV to force them toput out info.
Follow up: Don't get me wrong, some 2-3 years ago, when Bruce just stopped filing, I asked everyone to complain to both SEC and Ontario Exchange and nothing was done by either. If yours does work, all I see is a delisting, which willmean this board will also stop.
A similar situation happened with me and an oil company called "UPDV". SEC sent letter out, unaware that UPDV moved. Letter came back undiliveral. So SEC delisted UPDV for not filin 10Q for 2 years. Which means all the stock holders are left with nothing. This is what going to happen to us and Bruce wins.
Another Article published 10 days later (Same Magazine).
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October 30, 2010
Obama's Katrina -- Hurricane Rahm
By Bruce Thompson
President Obama's former chief of staff, Rahm Emanuel, is notorious for saying, "You never want a serious crisis go to waste," specifically with regard to energy policy. To fully understand the context of his comment, you need to watch the video. He also said, "For a long time, our energy policy came down to cheap oil" (see 0:23 to 0:26).
The BP Deepwater Horizon oil spill gave the administration its chance to put its words into action with catastrophic results for the economy of the Gulf States. The proof of this can be seen in the New York Times article "Should BP's Money Go Where the Oil Didn't," which details the imbalance of claims submitted to the BP fund Administrator Kenneth Feinberg between the states of Louisiana and Florida, with Florida outpacing Louisiana by 35,000 to 31,000 despite the fact that not one drop of oil washed ashore on the Florida peninsula (exclusive of the Panhandle). The article details the downturn in Florida's $60-billion tourist industry this year.
For a sense of the scale of this economic disaster, consider that the Florida legislature put the value of its four-year hurricane-insured losses from nine hurricanes at $31.3 billion. A key difference is that a hurricane comes and goes, leaving damage in its wake. The BP oil spill dragged on for months and would have gone on even longer had the administration been allowed by public opinion to rely on its ultimate solution, the relief wells. Having sold their "solution" to the media, the administration proceeded to use their Alinsky-style tactics to demonize BP, not help it "plug the damn hole." It was only under the pressure of Democrats such as James Carville that Obama deigned to allow BP to use a direct intervention technique, the "Top Kill." That is the essence of the problem with the government response, which was characterized by bureaucratic reactive, punishing behavior versus the necessary proactive interventions necessary to obtain results.
Containment vs. Intervention
In a rare moment of truth -- contrasting with the normally feckless behavior of the oil executives seeking to curry favor from the government regulators -- ExxonMobil's CEO captured the essence of the problem when he characterized the government's response this way:
"The lowest risk and lowest-chance-of-success options were chosen first," Exxon Mobil chief executive Rex Tillerson told a government forum on oil spill response last month. "At the end, what was done to contain (the well) - it's possible it could have been done in the beginning" (emphasis added).
The most clear-cut means to understand Mr. Tillerson would be to review the government's response to the Deepwater Horizon incident assuming that all the equipment provided under the $1-billion Marine Well Containment Company (proposed Finding 11 of the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling - Subcommittee on Offshore Drilling) had been in place on April 20, 2010.
ExxonMobil, Chevron, and Shell have taken the lead in forming the Marine Well Containment System with the details shown on Exxon's website.
This ought to look familiar to those who followed the Deepwater Horizon response; the consortium cribbed what BP actually did while playing holier-than-thou in public. You will notice the risk-averse preferences of the government in what was their containment and collection strategy. They built what was in effect a de facto production platform. They would have been ready to have BP collect the oil. But the collection could not proceed until BP cut off the broken riser. Remember all those intervening steps: the cofferdam, the RITT, the aborted Top Kill and Junk Shot? The government fiercely resisted severing the riser while bleating loudly that such an act would increase the pollution. It raises the question: in any future incident, will the National Incident Commander have the gumption to overrule the scientists and let the flow increase temporarily to stop the flow permanently?
The Exxon-Valdez Lesson Left Unfunded
Much has been made by the government about the size of the spill relative to the previous record-holder. The Center for Strategic and International Studies brought together some industry experts to lay out a reasonable course forward. Frank Verrastro discussed the economic devastation caused by the drilling moratorium. Lloyd Guillory discussed the formation and operation of the Marine Well Containment Company. But the star of the show was Albert "Alby" Modiano. His "get a rock" story is priceless. But what ought to play a big part in the evaluation of the government's role is his experience as Director the Minerals Management Service during the Exxon-Valdez incident. He was a government regulator close to the situation, but safely observing it from the peanut gallery as the Coast Guard took the heat as the lead agency. For the Deepwater Horizon incident, these positions were reversed, and Elizabeth Birnbaum took the fall for the administration. As Mr. Modriano pointed out, a key lesson learned was the early deployment of in situ burning of the oil.
The Kuwaiti oil fires spilled more oil per day (6 million barrels) than the exaggerated total gulf oil spill of 5 million barrels over three months. Burning the oil lessened the environmental impact of that spill, confirming the usefulness of in situ burning. How well did the Coast Guard learn that lesson? A key deficiency of the spill response was the lack of fire boom. Congress had not funded the purchase of the fire boom by the Coast Guard in the intervening decades, so the Coast Guard was caught totally unprepared. Deployment of adequate fire boom took months.
The "Wizards" of the National Laboratories
We have already discussed Energy Secretary Steven Chu's abortion of the Top Kill when it had just stopped the flow of hydrocarbons into the Gulf. What about his other "achievement" -- bringing to bear a gamma ray source strong enough to image (similar to an x-ray) the blowout preventer? Did that really help? If they had a good enough image to "see" inside the blowout preventer, they would have known whether there was a tool joint in the drill string caught in the blind shear ram preventing it from cutting the drill pipe and closing fully. That would have influenced the drive to require two blind shear rams so as to ensure they missed the tool joint. Would it surprise you to learn that Daun Winslow of TransOcean was successful in closing the blind shear ram and severing the drill pipe on April 22 using the "hot stabbing" intervention? Now that the blowout preventer has been recovered from the sea floor, it is possible to take a visual tour and see that the ram is closed, though the elastomeric seals were eroded away, allowing reduced flow past the ram. All the flow went through those two eroded channels visible at about 1:59 on in the YouTube video. Could it be that the "missing oil" never flowed out of the well in the first place? Where is the recognition of that erosion in the flow estimates being used by the administration to bully BP into creating the $20-billion slush fund?
Do you trust the Obama administration to tell you "the truth, the whole truth, and nothing but the truth"?
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Here is an article written by Bruce this past Oct. Published in American Thinker (Look at Authors Name).
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October 20, 2010
Crisis and Presidential Management Skills: Obama and Chile's Piñera
By Bruce Thompson
Fate has provided an opportunity to compare President Obama's crisis management skills with those of another democratically elected president. Obama and Chilean President Sebastián Piñera each faced a major crisis recently, and their leadership styles have been put on public display for all to judge.
Obama faced the unprecedented blowout of BP's deep-water Macondo well in the Gulf of Mexico; Piñera faced the rescue of 33 miners trapped deep underground in a gold and copper mine. Ultimately, both situations were brought under control.
The Macondo well stopped flowing after BP's "static kill" operation succeeded, and the Chilean miners were rescued by capsule via a well drilled using a percussion hammer drill made by Center Rock Inc. of Berlin, Pennsylvania. In both cases, international teams of engineers using the most advanced technologies resolved the problems well before the initial projected dates for completion. The Macondo well was declared cemented shut on July 15, a month before the official projected date for the "final solution" relief well. The last Chilean miner was brought to the surface on October 13, also a month before projections.
It is there that the similarities end. It is useful to contrast the responses of the two presidents for insight into effective crisis response. Here is a brief summary.
Scientists and Lawyers versus Engineers
Each president chose to rely on trusted advisors to manage the problem. Obama chose an array of scientists and lawyers; Piñera chose his mining minister, Laurence Golborne, a civil engineer. Obama's choice to put his "boot on the neck of BP" was Interior Secretary Ken Salazar, a lawyer by trade. Obama also put his "Nobel Prize Winning Physicist" Secretary of Energy Steven Chu, a scientist, in charge of the scientific team. He quickly sent his Attorney General Eric Holder, a lawyer, to the scene to investigate any potential criminal behavior.
Advantage: Piñera
Primary Goals
Each president chose a primary goal for the operation. Obama used his daughter Malia's cogent advice and picked "plug the damn hole." Piñera chose a multi-track plan with Plans "A", "B," and "C." But Obama's plan had divided leadership responsibilities, with BP tasked with sub-sea operations and the Coast Guard with surface containment duties. For its part, BP developed a host of options, too: the "Cofferdam," the "Top Hat," the "Top Kill," the "Junk Shot," the "Lower Marine Riser Package," the "Static Kill," and the "Relief Well." Obama subordinated overall command to his National Incident Commander, former Commandant of the Coast Guard Thad Allen, and then used Steven Chu as his (micro-)management conduit.
President Piñera chose personal responsibility; President Obama chose plausible deniability. The resulting confusion as to who was in charge is amply documented in Allen's report on "Decision-Making within the Unified Command."
Advantage: Piñera
Implementation
President Piñera took charge and put the resources of his nation to finding and paying for the world's best technological resources. He had clear lines of responsibility. Obama did not. Allen's report details the mess on pages 14 and 15.
Though the Coast Guard may not have been highly involved with containment efforts, it was not the only government agency contributing to the containment efforts after the first few days, even though it had (again, at least in theory) final approval authority for all actions. Deputy Secretary of the Interior David Hayes became involved in the efforts early on.72 Near the end of the first ten days, the White House asked the Department of Energy National Laboratories to participate in the containment efforts. Secretary of Energy Steven Chu, a Nobel Prize-winning physicist, went to BP headquarters in Houston, along with other scientists from the National Laboratories.73
The participation of the federal science team in early containment efforts was limited, and they were unclear on their role. Before the failed cofferdam attempt, the federal science team was assisting in diagnostics and general testing, but was not playing an authoritative role.74 As the scientists became more familiar with the situation, and as it became clear that BP's containment efforts were not working, the team's role became more comprehensive.
At some point in late May or early June, 2010, around the same time as the "tripling" directive, the White House, through the National Incident Commander, requested more engagement in source control by the federal science team. The team began to play a larger part in decision-making.75 BP began working on containment action plans with the federal science team, seeking its approval before sending the plans to Admiral Allen for permission to take action.76
Despite their eventually active role, neither the Department of Energy in general, nor Secretary Chu and his scientific team, were functioning within the NCP structure. When responders looked around in the government for specific expertise on well blow-outs, including in the military and in the scientific agencies, they found little to none. The oil and gas industry is the main source of expertise in dealing with blow-outs, and the government eventually turned to experts from other companies as a result77 [emphasis added].
Later staff work will consider the question of whether BP's leadership made the source control and response efforts any less effective than they could otherwise have been. While this paper does not answer that question, it is plain that BP's leadership role affected public perception of who was in charge. Much of the public, watching the ROV video of oil gushing from the ground, was focused on the effort to stop and contain the flow of oil from the well, over which BP exercised far more actual control than it did over spill cleanup and response.
[related footnotes]
72 Deputy Secretary Hayes went to the Gulf the morning of April 21, 2010. The White House Blog, The Ongoing Administration-Wide Response to the Deepwater BP Oil Spill, http://www.whitehouse.gov/blog/2010/05/05/ongoing-administration-wide-response-deepwater-bp-oil-spill
73 See John M. Broder, Energy Secretary Emerges to Take a Commanding role in Effort to Corral Well N.Y. Times (July 16, 2010) On May 7, 2010, U.S. Geological Survey director Marcia McNutt also went to Houston, at the direction of Secretary of the Interior Ken Salazar, to help coordinate the efforts of federal and BP scientists. Press Release, Deepwater Horizon Incident Joint Information Center, Secretary Salazar and Secretary Chu to Meet with Scientists and Engineers at BP Houston Command Center (May 12, 2010).
74 See, e.g., Joshua Green, Exclusive: How Steven Chu Used Gamma Rays to Save the Planet, THE ATLANTIC (May 13, 2010), http://www.theatlantic.com/technology/archive/2010/05/exclusive-how-steven-chu-used-gamma-rays-to-save-the-planet/56685/ (transcribing an interview with Secretary Chu, who noted that BP was "taking the lead" but to "the extent BP wants it, we can give advice on how to think through" various options).
75 See Broder, Energy Secretary Emerges to Take a Commanding Role in Effort to Corral Well; The Ongoing Administration-Wide Response to the Deepwater Horizon BP Oil Spill, RESTORE THE GULF (MAY 28, 2010), http://www.restorethegulf.gov/release/2010/05/28/ongoing-administration-wide-response-deepwater-horizon-bp-oil-spill.
76 Coast Guard documents.
77 Interview with government official.
Advantage: Piñera
Unexplained Mysteries
Three months after the flow of oil was stopped from the Macondo well, there exist two great mysteries. Why did the "Top Kill" fail, and what is the "fate of the oil"? John M. Broder's July 16, 2010 article in the New York Times (referenced in footnotes 73 and 75 above) stated that
[By] late May, [Sec. Chu's] confidence had grown and he was giving orders to BP officials, including his demand to stop the top kill effort even though some BP engineers believed it could still succeed.
"A lot of us said 'don't start it,' and he was the one who said 'stop,'" said a BP technician who was granted anonymity because he was not authorized to speak for the company. "But having done all we had already done, I thought we should have completed the final two operations. He was not keen to listen. BP people said, 'Let's try these last two steps,' but he said, 'No, stop.' "
This was after Admiral Allen had announced on Good Morning America with George Stephanopoulos on May 27, 2010 "They have managed to stop the hydrocarbons from coming up the well bore." The Allen report to the Commission finesses the question as to why the "Top Kill" failed.
The second question as to "The Amount and Fate of the Oil" has seen repeated claims by government scientists that much oil remains in the Gulf. That contradicts the latest assessment from the federal on-scene coordinator, Coast Guard Rear Admiral Paul Zukunft, and science adviser Steve Lehmann, as reported by Chris Kirkham in the New Orleans Times-Picayune on October 19, 2010.
Nearing the six-month mark after the Deepwater Horizon explosion, the federal government's top responders to the Gulf of Mexico oil spill are reporting on-the-water findings that couldn't have been imagined at the height of the crisis four months ago: very little recoverable oil still in the water or on the bottom, barely even trace amounts of dispersant chemicals and no samples of contaminated seafood in open water or in the marshes. [Snip]
But the federal response officials pointed out that aside from a few areas of lingering oil, responders are not finding significant or even measurable amounts of oil or dispersants in the water column or in sediments on the water bottom.
Advantage: Piñera
Politics and PR
Private enterprise solved the problems for both presidents, but only President Piñera admits as much.
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Here i something I found about Bruce:
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1350 Eye St., NW Suite 510
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The American Exploration & Production Council is a national trade association that represents large United States independent natural gas and crude oil exploration...
Mr. Bruce Thompson
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PRO_OCT2010_RC002.b.3[02]
OK. I'll try again as soon as I have time. Since I quit my job last year, I now have 3 Part Time Jobs as well as looking for a full time job. I have little time for myself. I will be taking this coming monday off, so I will try then.
Think about it. 9 Million shares at .0007 is only $6,300.00. For a rich man who gambles, this is pocket change.
Greg:
How about giving Bruce a call.
Over 2 years ago. When they announced that they will have one staff doing the administrative work for UPDV, HTOG and CFNU. Shortly there after Kamel was indited by SEC, CNFU stole and sold Mexican Oil and no news from HTOG or filing of SEC required Documents since then.
This company has over 8.4 Billion share out standing. The only thing that would really help us is a reverse split (say 10:1). Also they shouldn't issue anymore shares before or after the reverse split. In the long run, it should make the company more actractive to other investors.
What criminal activity are you referring to?
Can anyone explain the connection of Arped Energy with Qoil?
With 8.4 Billion shares O/S and they can issue another 7 Billion shares, I am going to look for a reverse split. It's the only way to make this stock attractive.
Does this company really have 8.4 Billion shares O/S and can still issue another 7 Billion Shares?
As much as I would like to give you an answer, I can't. There hasn't been any news from HTOG or UPDV since they announced the combination of business offices of UPDV,HTOG AND CNFU (Aztec was closed in early 2009 and Catlin Oil was merged into HTOG after UPDV took hold (I wonder how many shares was issued to Catlin shareholders for this merger)), and this news did not state what the company had done or were doing. So we are really without any news for over two years. There is no way I can give an opinion on HTOG. The only thing I will say, was that back in 2008 HTOG was the main asset holder of all the subs. But again, even though UPDV registration was pulled by SEC, UPDV is still the main stock holder of HTOG.
Here is some proof that HTOG is a Sub of UPDV, which may or may not be now known as UPDA (I'll look into this tomorrow) Below is a posting as of 06/28/10. Note: One of the Sub. Catlin & Oil and Gas was merged into HTOG shortly after UPDV got 52% interest.
Universal Property Development and Acquisition Corporation (UPDV) - Financial and Strategic Analysis Review
Universal Property Development and Acquisition Corporation (UPDV) - Financial and Strategic Analysis Review - new company profile and swot report published
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2010-06-28 17:25:03 - Universal Property Development and Acquisition Corporation (UPDV) - Financial and Strategic Analysis Review - a new market research report on companiesandmarkets.com
Universal Property Development and Acquisition Corporation (UPDV) - Financial and Strategic Analysis Review
Universal Property Development and Acquisition Corporation (UPDA) is a Florida based energy company. The company is engaged in acquisition, production, development, storage, distribution of oil and natural gas. UPDA operates as a holding company and holds controlling interests in six energy businesses. The company operates through six subsidiaries,
which are Canyon Creek Oil & Gas, Inc., Catlin Oil and Gas, Inc., Aztec Well Services, Inc, UPDA Operators, Inc., Heartland Oil & Gas Corp, and Continental Fuels, Inc. The company´s areas of operations are across the Jack County, Palo Pinto County, Dallas county, Coleman County, Bexar County, Harris County, Cameron County in United States.
This comprehensive SWOT profile of Universal Property Development and Acquisition Corporation provides you an in-depth strategic analysis of the company?s businesses and operations. The profile has been compiled to bring to you a clear and an unbiased view of the company?s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
This company report forms part of the ?Profile on Demand? service, covering over 50,000 of the world?s leading companies. Once purchased, the highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Universal Property Development and Acquisition Corporation, including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days (excluding weekends).
The profile contains critical company information including*,
- Business description ? A detailed description of the company?s operations and business divisions.
- Corporate strategy ? Analyst?s summarization of the company?s business strategy.
- SWOT Analysis ? A detailed analysis of the company?s strengths, weakness, opportunities and threats.
- Company history ? Progression of key events associated with the company.
- Major products and services ? A list of major products, services and brands of the company.
- Key competitors ? A list of key competitors to the company.
- Key employees ? A list of the key executives of the company.
- Executive biographies ? A brief summary of the executives? employment history.
- Key operational heads ? A list of personnel heading key departments/functions.
- Important locations and subsidiaries ? A list and contact details of key locations and subsidiaries of the company.
- Key manufacturing facilities ? A list of key manufacturing facilities of the company.
- Detailed financial ratios for the past five years ? The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
- Interim ratios for the last five interim periods ? The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.
Note*: Some sections may be missing if data is unavailable for the company.
Yes: There are assets, right now I can't give where to look because my computer is doing strange things, I can't understand. But first go to Qoil web site, it should state what they have. Try to find the B&B purchase, this will also state what B&B had. Lastly, bout a month ago, I read somewhere Qoil was negociating to purchase additional wells. I have no idea if it went through. Also look for news about Qoil on any brokers web site. I hope to have my computer problems fixed by next week.
I don't know if this is a dog or not. Again what I see happened, when Qoil purchased B&B for stock exchange. All of the owners of B&B put their stock up for sale, bring the price down, down, down. But Qoil gained assets with out laying out any money, which in the long run, should help them. I'm just concern that their negociation to purchase additional wells, may drive the price of the stock even more down.
Ig: Your just you just don't want to accept the fact that HTOG issued another 852 Million shares in 2008 to UPDV in the five star deal. Also your FACTS ARE BASED ON PRIOR TO THE FIVE STAR DEAL. The five star deal was written about several times, so go and redo your D&D. If you don't want to say your wrong, then don't, but don't look to make me wrong, because I'll come right back at you. I'v owned this stock for 4 years before I sold it, so I know what happened. Your just a Jonny come lately, using outdated info. Go back and redo your research, this time look into updv taking controll of HTOG in 2008. Don't forget the combination of administrative offices with CNFU. Also look into the CNFU stealing and selling the Mexican Oil back in early to mid 2009, it was all over the news at the time. Whats that Jonny come latlely dosen't know anything about that (Some D&D your doing).
Please explain how and why, it hasn't been in .01 in over 3 years.
GO back to 2008 posting, READ POSTING 13519 and POSTING 13548. Five star deal, which caused UPDV to get 52% was 852,000,000 million shares. Simple math 52% = 852,000,000 shares than for 100% shares you'll get 1,638,461,538 shares O/S. Convertable bonds that UPDV has of HTOG will bring controlling interest to 70%, or an additional 262,158,646 shares issued (bring it up to about, and I always said ABOUT, 2 Billion Shares).
Ig: as I said before, I'm tired of this, This is second time I'm proving you wrong. You are basing your facts on old info, prior to Five Star Deal (and that was back in 2008). AND we all know that no news was issued since UPDV took over. So if you don't want accept the facts as is, than you make your decisions based on 900 million shares, while the rest of us will base it on about 2 Billion shares. I stronly thing you should go back to posting 13519, back in 2008 and read all the posting after that and through 2009, so this way you'll get a better idea of what has happened.
Buell: I see you being reading all of the arguments I had with Ig, however when I said "good try", I meant on your D&D, just like my D&D shown on message 16258 about Heartland Properties. Were all doing our own D&D and many of these names are similar and easy to get confused. What I agrued about with Ig was I fealt he was giving false info. to bring stock price up so that he can sell and leave everyone else holding the bag (Like I am with UPDV). If he wants to sell, then sell, but don't give false hope with wrong info (There about 2 B shares out there of HTOG not 900 M as Ig stated).
You know in a way your right, I think they should also buy for stock. Let those people sell for the cash, bring the stock down even more and then do a buy back. They will be able to pick up the stock for a 10th of what they paid for the wells (and so will I).
I looked up your Heartland Energy Development Corp. Although the name is similar to HTOG and UPDV, it is not the same company. These people are based out of Colorado and have been in business for 15 years. Good Try.
I have no idea if the board will ever consider a buy back. But it can be real. Right now Archer Daniel Midland is buying back stock (since last August the stock has gone up between 7-8 dollars a share). So it can happen, but most likely not for a while. First they got to cut back expenses, build up funds before they can do a buy back. However during this time, if I was on the Board and I see I can gain more active wells, I will use the monies to purchase the wells and hold off buy backs. I just don't want a purchase for shares again!
I been doing this for about 35 years now and I know from experience of people like you. Your the one who is giving false positive info, useing out of date number (Remember HTOG has not filed 10Q or given out any info for over 2 years). My info is a least more recent than your, like about the 2 B Shares O/S verse your numbers showing only 900,000 M shares O/S. Which would make your RM numbers incorrect.
Again the Five star deal alone represented UPDV gaining 52% control by aquiring 852,000,000 shares. This was back in 2008. I believe your using number from 2007. Your giving everyone false hope.
When David P was moderator, he showed how many shares were O/S and the last I remembered it was about 2 B Shares.
Now this is the last I'm going to say about this, but if you keep giving out false hope, I will state my peace.
Lastly I sold all my HTOG stock, but I still have 550,000 of UPDV stock. Since UPDV is the parent company, I still have a vested interest in HTOG.
Yes I purchase stock that lost money and at same time I purchased stock that made money, just like any other active investor over past 35 years.
The last phone number I had for Bruce was 604-838-2294. Call him using Rocky Mountain Standard Time.
Its high since Qoil purchased B&B over the summer (This was a stock for stock exchange (at what percentage of exchange, I don't know)). I believe the stock holders of B&B are selling to get as much money as possible (thereby bring the stock price down)). I hope when this levels off that Qoil will do some buy back of stock to protect its stock holders. However I understand that they are in negociations to buy some additional wells in Texas. This could mean another dilution of stock. Time will tell.
Everyone Notice hoe Ig didn't answere any of my questions. I proved to him how there is about 2 B shares O/S (in response to his question), how does he respond, by trying to make me look like I don't know whats going on. Yet he is the one who clearly stated there was only 900 M shares O/S. It seems more like he doesn't know what going on.
Hey Ig: This is the third time I'm asking you, prove to us that this is a RM company. Oh take into account this time that there is 2 B shares O/S.
Where do you guys get delisted from? You get delisted if your in bankruptcy or for not filing 10Q for couple of years. Even then, SEC must first investigate.
Hey Ig:
You state HTOG is authorized 900,000,000 shares. Then explain this.
On post 13519 in the five star deal (Where UPDV got 52%), they got 852,000,000 shares. In post 13548 Slamen Salmon stated he has 10,000,000 shares (This was back in 2008) if you do a proportion of 52% over 852,000,000 you'll get a min of 1,638,461,538.46 share O/S not including Salmon sahres and then throw in every one elses shares, what do you get, about 2 B shares O/S. This is from numbers back in 2008.
Do a better job of D&D.
Hey Salmon; Earlier this year you said you were part of a group trying to take over HTOG, you told us to hold on for a few weeks, it's now a few months, if your still out there, can you tell us whats happening.
I see that you can't read. I stated that the last monetorator had posted, that there was almost 2 B shares O/S. You want to see it, ask Investor hub who he was and then contact him and ask him where he got his numbers from.
In mean time you haven't proved a thing about this being an RM candidate. While I stated that SEC will most likely pull registration certificate for not filing a 10Q since 2008 (Just like they did with UPDV, the company that own 52% of voting stock and an addition convertable bonds to make it 70% of HTOG). Once registration is pulled, we'll have to go to pink sheets to see the trade (By the way, it's already set up on the pink sheet, so expect SEC to pull registration soon).
You just trying to get us to buy the stock so that you can sell at a higher price and leave us holding the bag!
You know what you are, actually everyone knows what you are. Your telling everyone that this is a R/M candidate (#16261), when in reality your trying to get everyone else to buy so that you can sell high and leave everyone else holding the bag.
HTOG is under investigation by SEC for not filing 10Q for over 2 years. There has been no news from HTOG for over TWO yes. But you state your D&D shows this or that and then telling people to buy. Why don't you show your so called D&D.
SEC will pull registration away from HTOG for not filing, like it did with UPDV, the parent of HTOG (This happened in April of 2010).
No I'm not scaring everyone, I'm telling it like it is. As for my info. Prior to Alaskenwarrior being monetorator, there was some else. He showed on regular basis how much O/S was out there and it was, close to 2 B Shares. Your info is based old info prior to UPDV coming into play. In other words all your basing your so call D&D info was writen prior to 2009. Yea alot of help that would do!
I was a stock hold of HTOG when it was at .03 a share. When UPDV came into play, they got rid of all of HTOG board within one year and at this time UPDV got 52% of stock and convertable bonds bringing its controlling interest to 70%.
GO BACK AND REDO YOUR D&D!
PS. It's funny that HTOG no longer has a web site and neither does UPDV.