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.”

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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.

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