USEG - U S Energy Corp. Message Board

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

USEG 1.160

-6.3%

Nov 3 3:59 PM EST

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To: Paul Senior who wrote (48)	12/2/2009 2:07:09 PM
From: Texas77	Read Replies (1) of 98

They are doing a placement of 5 million shares so we are taking some gas here (I know you don't like gas - I don't either - especially this kind - ;-) ) But they woill increase their Bakken position. Even with the added shares I expect to see a nice PE next year. I may have on rose colored glasses but I'm looking for a buck a share buy the end of next year. One thing you have to factor in the Bakken is the IP falls off sharply after the first month or so to about 25% of initial production. I have considered that in my calculations. I added shares today again bu5t when they announce the offering proce we may take on some more gas so you might want to wait until it is announced before doing anything more. After the placement is in the rear view mirror - I expect it to gain a couple of bucks a share in short order. Again - maybe just my rose colored glasses but I am putting my money shere my glasses are!! LOL

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