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USEG - US Energy Corp.

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I am speculating a bit on USEG - US Energy Corp.

I began research on the company
based upon their Uranium holdings

however according to Standard & Poor's:
"The uranium mineral assets and associated commercial assets were sold in 2007"

the companies stock price has been driven down quite dramatically recently

there were recent news reports about proposed changes in mining laws,
the company had been planning to develop a molybdenum mine

today (April 17, 2008) the company would seem to be selling
at a price less then the value of the cash the campany has

finance.yahoo.com
reports that the company has about $70 million in cash
(with only about $5 million of debt)

as for how to earn some income with the company's cash:
Standard & Poor's USEG Factual Stock Report (April 12, 2008)
"USEG is building a mid-size multifamily apartment complex in Gillette,Wyoming,"
"At mid-March 2008, the entire project was about 60% finished"

financial disclosure:
I believe that I should disclose that I personally own some USEG stock

the company is a very "small capitalization" company,
and such thinly traded stocks can sometimes get quite volatile in price

speculators should be very careful about such thinly traded small cap stocks

of the 24 million shares of USEG stock outstanding,
almost 50% of the stock is held by institutions and insiders

Friday April 18, 2008 : 09:35 PM

Comments (2)

shorty4407:

Hey DonQ,

I looked at USEG a few days ago and again a few minutes ago. On a technical basis USEG looks to be starting a new uptrend. It looks like it hit a low of $2.58 a share Thur. and then rebounded .16 cents yesterday. I think it will continue upward but it will have some minor pullbacks on the way and dont bail out when it pulls back a day or 2. That used to be the biggest mistake I made. If you look at a good chart you can see a stock usually ticks up for a couple of days or so,has a minor pullback and then upticks for another 2 or 3 days. I have had GNVC in my portfolio almost since the begining and it is a pretty a chart as you will ever see. Also beware of these low volume-low outstanding share total as they can burn you sometimes. I had a leasing company and I cant think of the name right now,but I 2 or 3 thousand shares with real money and I went from a big profit to a loss trying to get out of it. I would look at the bid and try to sell a couple of hundred shares and sometimes I would sell 1 hundred shares and the bid would drop without selling the other hundred. If I can help you let me know.Don

Posted by shorty4407 | April 19, 2008 11:15 AM

shorty4407:

DonQ, i just read where you talked of low volume stocks and i see you already know to beware!

Posted by shorty4407 | April 19, 2008 11:17 AM

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