Universal Energy Corporation is an independent diversified energy company engaged in the acquisition, development, exploration and production of crude oil and natural gas in Louisiana and Texas. Universal Energy Corp has two subsidiaries: Universal Explorations, Inc. and Universal Services, Inc.

Universal Services, Inc. has recently engaged in activities to acquire two energy services companies; Powertown Line Construction, which provides installation, maintenance and replacement for the power lines used in the transmission and distribution of energy to end users; and Williston Crane, which provides heavy equipment used in the maintenance and construction industry.

On July 3, 2008, Universal Energy announced the completion of the Caviar pipeline in Texas. This pipeline will allow the flow of more than 4 million cubic feet of gas from Caviar #1 and # 4 drilled in 2007 to be efficiently available for commercial use.

So far, Universal has shown little revenue, but with the

Vanda Pharma (VNDA) and Titan Pharma (TTP) are a pair of biotech blow-ups which investors should avoid ahead of a July 27, 2008, PDUFA decision date for anti-psychotic drug Fanapta (iloperidone). Both stocks have lost about two-thirds of their market value over the last year and are down sharply recently on pipeline clinical trial failures. I don’t think the FDA will approve Fanapta as the anti-psychotic space already has plenty of similar options and thec agency is cracking down on the widespread, off-label use of these drugs in elderly patients.

Shares of Heartland Oil & Gas exploded in value this morning after the company released some promising news regarding its latest project. The price of company stock hit $0.021 (up from $0.015) on more than 75 million shares traded, marking its highest point since the second week of May.

The release pertained to successful pressure tests conducted on the company’s four-mile methane pipeline in Southeast Kansas, expected to double Heartland’s production in the region upon completion.

“We put the necessary pressure into the pipeline and found no leaks along its entire length,” said Augie Soto, COO of Aztec Well Services, Heartland’s contractor on the project, “The four road crossings and 2 creek crossings were our greatest concern and they held without any problems. The 8 inch main is tied into the 12 inch main and the pipeline is secure all the way to the sales meter. We will begin installation

CNBC Stock Blog: Thomas Winmill likes miner Freeport McMoRan for a “special reason.” What special reason?

One special reason Winmill likes Freeport McMoRan is its involvement in the production of molybdenum.

“It doesn’t trade in the futures market,” he pointed out.  “Molybdenum is used primarily for pipe, for drilling pipe for oil exploration, any kind of pipeline…it’s a very strong market, and a small market.”

In the models I use Freeport McMoRan (FCX -