Wednesday, July 01, 2015 3:10:38 PM
The more I look at USEG, the more I think they should liquidate.
So far in their corporate life, as of 2015 Q1, they have:
1: Raised $124 million in capital and additional paid in.
2: Lost $40 million.
3: Are on track to generate revenue of only $10 million per year.
4: Are on track to lose $11.2 million per year.
If they were able to sell everything off now for maybe 50% of what they paid for it (equity of $83 million x 50%), they could distribute a liquidating dividend of $1.49/share, and everyone could get out with something, and the creditors get paid in full.
I expect that if they continue to operate, the value will go down over time and even the creditors will lose out.
Louis J. Desy Jr.
Recent USEG News
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/20/2024 09:18:45 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 09/20/2024 09:17:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 09:16:08 PM
- Form SC 13G - Statement of Beneficial Ownership by Certain Investors • Edgar (US Regulatory) • 08/17/2024 01:13:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 12:33:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:26:38 PM
- U.S. Energy Corp. Reports Financial and Operating Results for Second Quarter 2024 • GlobeNewswire Inc. • 08/07/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 08:41:14 PM
- U.S. Energy Corp. Closes Asset Sale for South Texas Properties • GlobeNewswire Inc. • 08/05/2024 08:30:00 PM
- U.S. Energy Corp. Announces Second Quarter 2024 Results and Conference Call Date • GlobeNewswire Inc. • 08/05/2024 08:15:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/16/2024 08:38:44 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 08:37:53 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 07/12/2024 08:49:56 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/09/2024 08:37:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:37:04 PM
- U.S. Energy Corp. Announces Entry Into Binding Agreement For Asset Sale For South Texas Properties • GlobeNewswire Inc. • 07/09/2024 08:30:00 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/12/2024 12:51:16 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/21/2024 08:05:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 08:31:44 PM
- U.S. Energy Corp. Reports Financial and Operating Results for First Quarter 2024 • GlobeNewswire Inc. • 05/09/2024 08:30:00 PM
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- U.S. Energy Corp. Announces First Quarter 2024 Results Conference Call Date • GlobeNewswire Inc. • 05/07/2024 08:30:00 PM
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