SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : USEG - U S Energy Corp.
USEG 1.125-3.0%3:02 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Senior who wrote (42)11/22/2009 5:31:46 PM
From: Texas77  Read Replies (1) of 98
 
I'll be adding shares on these dips over the next couple of months. USEG revenues should far exceed analyst expectations over the next two quarters.

If they finish their deal with BEXP - which is almost a sure thing then the revenues will continue to explode out through the first couple of quarters of next year. Even if oil pulls back we are in the cat bird seat for really nice growth over the next year. Remember - USEG has essentially no debt and still has over 35 million $ cash and US treasuries on hand.

1. Geothermal is kicking their heels up a bit also with Standard Steam ready to do a PP. USEG owns 25% of standard steam.
2. Oil and Gas needs no discussion. They are announcing new wells every couple of weeks with nice production.
3. Molybdenum - this is their long term ace in the hole - deal with Thompson is outstanding. Permitting is the wildcard here and the share price has no value assigned but Thomson is a believer that it will happen and is investing their $. The Mount Emmons property is one of the richest deposits in the world.
4. Uranium - If certain conditions are met by Uranium One we could receive another 27,500,000 in payments. USEG also holds a 4% net profits interest in Rio Tinto's Jackpot uranium property.
5. Real Estate - USEG owns and operates a 216 unit multi family housing project in Gillete, Wyoming. This property generates about $200K in monthly revenues. They will probably sell it or take a loan on it to provide additional cash for the O&G ventures in the Bakken.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News