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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 (45)12/16/2009 8:42:25 PM
From: Texas77   of 98
 
Paul,

I can't believe that it is just you and I on this thread. USEG now has 5 producing wells in the Bakken and three more in TX/LA. No debt, plenty of cash, and several other ventures going. Actually, I'm glad it isn't being hyped or promoted yet as it gives me time to get a few more shares. I added 1500 more today and I'll try to add another 2 or 3K before it gets above $6 again. Actually, there are probably some more shares to be placed in the secondary offering so I'm hoping that will keep it down for a few more days until I get some more powder. ;-)

I think the S&P B minus quality rating will be raised after the secondary is finished with the brother-in-laws and some numbers are released. Once (if) that happens I wouldn't be surprised to see us move quickly above $8. One thing is for sure - comps to previous quarters will be extremely easy to blow away for at least the next 4 quarters!

I like our chances. Sure hope we can stay the course and not get any unpleasant surprises.

Dave
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