USEG. Continuing to average up on my position.
Well, we all have our ways. And for me, rightly or wrongly, I like to buy these oil/mineral companies when among other things, they sell for under stated book value.
This one does, and I'm a buyer.
Among the threads I use as a contra indication, Big Dog's oil discussion thread is one of my favorites. If an oil-related stock is not discussed there, not recommended there, then for me that is a VERY positive factor. The Big Dog thread being the top subject-marked thread on SI, with a bunch of oil experts, traders, investors and bs'ers. Either the stock I'm interested isn't worthwhile for anybody to dig up and comment on (pro or con), or else, perhaps I've just found it and am interested in it, before the crowd. I prefer the latter view. -g-
USEG, not being mentioned yet since 2/07, I take as a positive buy signal still for a stock that meets my requirements.
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