USEG - U S Energy Corp. Message Board

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Gold/Mining/Energy : USEG - U S Energy Corp.

USEG 1.115

-3.9%

3:59 PM EST

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To: Paul Senior who wrote (45)	11/30/2009 7:00:50 PM
From: Texas77	Read Replies (1) of 98

Paul, Did you see the results of the Stand well announced today? It was the best IP of the first 4 so far. Incredible. The stock began to run but was then taken down. Not sure why. I called the company and they were extremely pleased with these results. They even announced in the news release that they expect their revenues to show substantial growth for 09 versus 08. What gets me excited is the improvement in results we should see in the first quarter of next year. We should see an S&P upgrade after the next set of numbers are released (or before if any of the analysts are following) and then again in the first quarter of next year. They are carrying it at with B minus rating and unrated for S&P fair value. When that changes we should really get noticed. With today's report we only traded 372K shares. The release came out late so we may get some action tomorrow. I added more shares when it pulled back to $6 after running to $6.13 and then backing down. I think they are still trying to get some retail holders out. CDE traded the same way early this year and I did very well with it (in at $6 out at $18) even though they were able to shake me out a couple of times. With the cash, diversified business and fundamentals I won't be getting shaken out of USEG until it gets above $10. I'm willing to accept the normal risks associated with a O&G company until they show me a reason not to. Good luck and hang tough!

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