Stock Trading Alert for Thursday, April 27th
Budget Waste, Inc. (OTC: BDWT), Universal Property Development and Acquisition Corporation (OTC BB: UPDA), FTS Group, Inc. (OTC BB: FLIP).
Investors, have a look at Budget Waste, Inc. (OTC: BDWT), a premier full service waste hauling company in the Calgary area. Tuesday, BWI announced that the company has accelerated their strategic plan of expansion throughout Alberta to take advantage of its hot economy.
With Canada being the largest supplier of foreign oil to the United States, and most of that oil coming from Alberta, forecasters are projecting a "buoyant outlook" well into the next decade for the Alberta economy, expecting it to grow by 4.1% in 2006 and 3.5% in 2007 driven by the current development of the Alberta oil sands.
BWI said it is positioning itself to enter into the waste hauling markets in the major Alberta cities and anticipates that upon completion of the growth strategy within Alberta, the company's 2006 fiscal revenues are expected to increase by over 800%, equating to approximately $10 million in annual revenues.
Shares of Budget Waste, Inc. (OTC: BDWT) are currently trading at around 55 cents.
Other stocks to watch:
Universal Property Development and Acquisition Corporation (OTC BB: UPDA) announced Wednesday that the company's subsidiary, Canyon Creek Oil & Gas Inc., had completed the assignment of a 1/2 interest in its Starr County oil and gas field to Avalon Oil and Gas, Inc. (OTC BB: AOGS), and said it received total consideration for the interest of approximately $1,000,000 in cash and stock.
UPDA closed Wednesday at $0.178, while AOGS finished the session at $0.155.
FTS Group, Inc. (OTC BB: FLIP) announced Wednesday that the company had generated more revenue during the first quarter of 2006 than in the entire year of 2005, and said they expect to report profitable revenue of $1.62 million based on preliminary first quarter operating results, an increase of 531% over last year.
FLIP closed Wednesday at $0.091.
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Source: Market Wire (April 27, 2006 - 7:10 AM EDT)
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