Jul 22, 2019 Connor Doyle

Rich’s Picks | Stocks to Invest in 2019 – Universal mCloud Corp

Today Rich takes a break from talking about cannabis stocks because he’s excited about an up-and-coming company in the tech sector. Universal mCloud Corp. (TSXV:MCLD) (OTCQB:MCLDF) is a leading assets management firm with some recent, game-changing news that hasn’t affected its stock price yet. This puts the company at the top of Rich’s picks for 2019.

Universal mCloud’s Big News

After purchasing Autopro Automation Consultants just a few weeks ago, Universal mCloud has already used that acquisition to solidify its place in the oil and gas industry. It adapted technology originally developed at Autopro for client support services, and introduced that technology into its AssetCare solutions platform. Now, MCLD announced its first AssetCare deployments for oil and gas customers. 

“The early customer response we have received around AssetCare for Smart Oil & Gas has been tremendous,” said Dr. Barry Po, mCloud’s Chief Product Officer in a press release. “As part of our efforts to bring the mCloud and Autopro teams together, the plans for rolling out AssetCare to customers have been in the works since the acquisition was originally announced. The fact we are seeing immediate traction with customers is a clear signal that AssetCare is in the right place at the right time in the oil and gas industry.”

Enter Your E-mail Address To Subscribe

* indicates required
 

What Does Universal mCloud Do?

Using Artificial Intelligence and machine learning, Universal mCloud AssetCare solutions allows operators to remotely manage their facilities. Workers can remotely diagnose issues and take action without needing to be on-site, which allows them to get ahead of potential issues before they become a serious liability. 

Because of this technology, oil and gas assets can function at peak performance and operators can be empowered to work safely and responsibly. Oil and gas companies can potentially save millions of dollars now. 

The recent deliveries were made to six facilities in Alberta and are expected to net the company $1 million in total revenue. 

Why Universal mCloud is One of Rich’s Picks

As Rich notes, Universal mCloud’s 52-week high was $0.62 in Canada, and the stock is currently trading at $0.37. This means that the company is definitely in or approaching the “buy” range of its stock price. 

“[The company has a] reasonably strong share structure, is priced right at well under $1.00,” he says. “It’s a company that a lot of people are starting to cover.”

Considering that the company’s big news has yet to significantly change the stock price, now seems like the time to get in. What’s more, mCloud is currently working on a ton of other AssetCare applications for oil and gas customers, which it will be unveiling throughout the year. The company’s long-term goal is to connect 14,000 such facilities worldwide. 

What do you think? Is Universal mCloud a “buy”? Let us know in the comments below.

Please See Disclaimer

STOCKS YOU MAY LIKE


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Universal mCloud Corp. Bitrics Markets Group Inc. and/or Iman Consulting Group has or expects to receive $800 Canadian dollars from Market Jar Media Inc. for the creation and distribution of the video.

3) Statements and opinions expressed are the opinions of the author and not Bitrics Markets Group Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Bitrics Markets Group Inc. for this Article. Bitrics Markets Group Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Bitrics Markets Group Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Bitrics Markets Group Inc. relies upon the authors to accurately provide this information and Bitrics Markets Group Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Bitrics Markets Group Inc.’s terms of use and full legal disclaimer as set forth here.. This Article is not a solicitation for investment. Bitrics Markets Group Inc. does not render general or specific investment advice and the information on richtvlive.com should not be considered a recommendation to buy or sell any security. Bitrics Markets Group Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Bitrics Markets Group Inc. and its owners, members, officers, directors, partners and consultants may own shares of the profiled companies, which it may sell at any time, including as soon as it deposits such shares into its trading accounts, during our campaign of the profiled companies stock, after our campaign or at any other time. We also may buy and sell securities in the profiled companies which may cause (a) decline in the price of the profiled companies stock due to our selling activities, (b) increased volatility due to our buying and selling of the profiled companies stock and (c) permit us to make substantial profits while we are profiling each of these companies, yet may result in a diminished value to the stock for investors. for any company mentioned in the Article.