Friday, February 03, 2017 2:48:15 AM
https://www.theguardian.com/world/2017/feb/01/iran-trump-michael-flynn-on-notice
If the Trump administration does force sanctions on Iran for breaking the rules of the Iran deal and furthering development of nuclear arms, OPEC's oversupply would be wiped out, and we could see oil $5-10 higher per barrel.
If oil maintains its current price on WTI of around $54, based on USEG's past relation to oil prices/stock price, as well as calculating the dilution of the new million shares, I expect USEG to hit $3.
On a side note, we know Donald Trump and Vladimir Putin have vowed to destroy ISIS. We also know, regardless of how you feel about him, that Donald Trump likes to take as direct of an approach to things as he can. He would not waste money and risk American soldiers to fight a ground war in the Middle East. He'll go after the source: The oil. Whether we claim the oil, or burn the oil fields, oil will rise.
Very good things ahead for USEG.
AMMJ: Solid foundation, healthy growth; only thing left to do is blossom.
Recent USEG News
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