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Gold/Mining/Energy : USEG - U S Energy Corp. -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (45)	11/24/2009 6:02:42 PM
From: Texas77	Respond to of 98

I think you will be glad you did. I added shares today also. I am already overweight but I think USEG has more upside potential and less risk that some others I am (was) holding so I switched up a few things. Still have some powder in case oil continues to retrace.

To: Paul Senior who wrote (45)	11/30/2009 7:00:50 PM
From: Texas77	Read Replies (1) \| Respond to 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!

To: Paul Senior who wrote (45)	12/16/2009 8:42:25 PM
From: Texas77	Respond to 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