UBRG Universal Bioenergy Inc. (PINK: UBRG) shares have risen sharply in trading today after the company’s subsidiary, NDR Energy Group signed an agreement for natural gas storage facility services.
UBRG shares rose to an intra-day high of $0.04 today, and at last check, the stock was trading 31.25% higher at $0.0210 on above average volume of 14.17 million.
Universal Bioenergy, an independent diversified energy company, said that its subsidiary signed an agreement with the largest natural gas distributor in the U.S. to generate higher revenue and profit. UBRG expects the agreement to be a major game changer in terms of generating strong potential earnings.
The Master Core Secondary Market Services Agreement was signed with the gas utility under the Park, Loan and Wheel Program.
Vince M. Guest, President of Universal Bioenergy, said that UBRG is very excited about the agreement. Guest said that NDR Energy will now add gas storage as one of its major new profit centers. He added that gas storage will position the company to generate millions in potential sales and profits from gas trading, hedging, management, options, swaps and transportation.
