U.S. Energy Corp. (USEG)

[crudeoil24]

Crude oil futures > WTI @ 73.40 barrel.

[crudeoil24]

Black Gold run!

[stock1ace1]

1.36 x 1.49 Premarket !

[stock1ace1]

Breakout watch

[makinezmoney]

$USEG: Excellent Value play here at $1.40............ Increasing Oil-PRICE


Only 12.6Million OS. Super LIGHT !!!!!!



http://files.shareholder.com/downloads/USEG/6325615941x0x980036/075de887-6af8-42f4-bb19-19324c1fdfa7/USEG_News_2018_5_14_General_Releases.pdf



GO $USEG

[cryptogenesiscorp]

USEG a BUY @ 1.25 - $1.55 area

USEG looks like a bottom is forming here with a big bounce back to $1.80 area. If oil stays above $70.00 there is no way USEG stays down this low now that they have only $1 million in Debt and $4 million in cash and $10 million in equity on the books.

USEG is cheap under $1.75 with this much cash and with Oil now back above $70.00 on Iran Supply disruption concerns, increasing demand for Oil from China as well as other developing economies, and long term supply shortages that could take hold in the market from years of curtailing investment in the Energy Sector.

Expect USEG to turn some wells back on and start producing a bit more revenue if Oil continues to climb above $75 and $80 USD per barrel.

EPS this Year 87.30%
P/S 1.18 Price to Sales
P/B 0.77 Price to Equity/Book
P/C 1.82 Price to Cash


Data pulled from Finviz for USEG
https://finviz.com/quote.ashx?t=useg&ty=c&ta=1&p=d

https://wallmine.com/nasdaq/useg

[cryptogenesiscorp]

USEG looks like a bottom is forming here with a big bounce back to $1.80 area. If oil stays above $70.00 there is no way USEG stays down this low now that they have only $1 million in Debt and $4 million in cash and $10 million in equity on the books.

USEG is cheap under $1.75 with this much cash and with Oil now back above $70.00 on Iran Supply disruption concerns, increasing demand for Oil from China as well as other developing economies, and long term supply shortages that could take hold in the market from years of curtailing investment in the Energy Sector.

Expect USEG to turn some wells back on and start producing a bit more revenue if Oil continues to climb above $75 and $80 USD per barrel.

EPS this Year 87.30%
P/S 1.18 Price to Sales
P/B 0.77 Price to Equity/Book
P/C 1.82 Price to Cash


Data pulled from Finviz for USEG
https://finviz.com/quote.ashx?t=useg&ty=c&ta=1&p=d

https://wallmine.com/nasdaq/useg

[LouisDesyjr]

There a zombie

The company is losing about a million per year. They would have wiped out what was left of the equity is they didn't raise another 9 or 10 million or so (paid in capital rose that amount.)

Louis J. Desy Jr.

[benfrankledger]

Setting up for a good year IMO.

[otterman]

Nice little poke at 1.96 this morn.

[benfrankledger]

$USEG - Good drilling results.

[otterman]

Come on break that 175

[otterman]

1 year breakout! Next resistance 1.75 then on to 2.50.??

[stocktrademan]

USEG buy 1.1613

double bottom forming
macd bullish divergence
macd zero crossup
'golden cross' moving average pattern soon
support at a moving average
low risk high reward trade

















normal chart




log chart

[ClayTrader]

* * $USEG Video Chart 10-24-17 * *

Link to Video - click here to watch the technical chart video

[proffetti]

USEG up nicely - 30% now just today

[ice1234]

BUY ALERT NEWS-Institutional Inverter Angelus Private Equity Group, LLC to exchange $4,463,380 invested additional money to pay all outstanding dept
U.S. Energy Corp. (USEG)
https://finance.yahoo.com/news/u-energy-corp-announces-strategic-100000628.html

DENVER, Oct. 05, 2017-- U.S. Energy Corp. today announced an agreement to substantially reduce the Company’ s outstanding debt through an exchange transaction with APEG Energy II, L.P., the sole lender ...

[ice1234]

BUY-BUY-BUY IT WILL GET $2.00 ANY TIME

[Lone Wolf]

Hmmmm....what could the news be?!? Watching closely...my bet is that it's bad...so maybe a bounce-opportunity of correct.

[Wannabecool]

Comprehensive PR coming on August 11th

[mikman77]

big news coming this week.

[TheParagonian]

USEG set to announce net profit for Q4 2016 soon. Stay tuned!

[TheParagonian]

Iran fires test missile! New oil sanctions incoming?

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.

[MisterEnzo]

Looks like a good buy

[QUANTUM314]

Looking very nice here USEG

[TheParagonian]

Dilution Incoming? U.S. Energy Corp. To Raise $1.5 Million In Registered Direct Offering

http://files.shareholder.com/downloads/USEG/3469519395x0x921442/2c033839-ae88-4bd5-9063-73d5405b2e5d/USEG_News_2016_12_16_General_Releases.pdf

I wonder what this will do to the share price this week, since it's a direct offering.

[ClayTrader]

* * $USEG Video Chart 12-13-16 * *

Link to Video - click here to watch the technical chart video

[TheParagonian]

Woke up to a super nice, unexpected profit. Put in a buy order back at $1.5 after that madness. We'll see what happens. I imagine the solid growth will happen after the quarterly.

[TheParagonian]

OPEC made production cuts of 1.2m bpd scheduled for January, with non-OPEC nations committing another 600,000 bpd cut. A lot of people shorted oil when OPEC let people believe the deal was falling apart, so hopefully we'll see a short squeeze in time for the winter rush. It's also reported to be the coldest winter in about a decade, so here's to increased demand to heat homes.

USEG keeps debt to a minimum, so I'm excited to see what happens in the coming months.

[TheParagonian]

Let me also say that I pair these thoughts with a couple more things: If OPEC cuts output, that is a bonus. But Donald Trump has outlined in his 100-Day plan that he wishes to cut global warming funds going TO the UN, and use those funds to help with the United States' infrastructure. Now, I don't believe Trump has said this, but I would not be surprised if he cancels government funding to clean energy companies. It would seem to be Trump's mindset that "why should we pay for your inability to grow organically?" If he WERE to do that, it would incentivize businesses and individuals to consume more oil.

Paired with his proposed 15% business tax rate to bring jobs back to America (he has specifically mentioned manufacturing, and we already see Ford and Apple announcing keeping/moving factories back to America), I expect we will see a very large increase in oil consumption, causing prices to rise.

[TheParagonian]

We just elected a President who wants to drill and export, Texas just found the largest oil reserve in American history in the Permian Basin, and oil is stabilizing in the mid-40s. It's a big risk, but I'm taking a chance on USEG because of the low share count and new opportunities in the State.

[LouisDesyjr]

Paying themselves? Probably yes

It does look like they are trying to divert company funds to themselves. One of the directors is an owner in the LLC that they are buying the interest in.

8K report of Sept 20, 2016:
http://ih.advfn.com/p.php?pid=nmona&article=72484915

Thomas Bandy, a member of the Board of Directors of the Company, has an ownership interest in IronHorse.

Ironhorse is Ironhorse Resources LLC and incorporated in Colorado.
It looks like only the registered agent is on the incorporation forms and any state reports. I think that was done to try to hide the fact that the USEG director is probably 100% owner of Ironhorse Resources LLC and using Ironhorse Resources to take money out of the company for himself.

Louis J. Desy Jr.

[chico2663]

Ithought they only had a secretary as the only employee. Do you see this as them just trying to peddle some stocks to pay themselves?

[LouisDesyjr]

Acquire Interest in Wattenberg Development Program?

Press release on project
http://ih.advfn.com/p.php?pid=nmona&article=71908701

10Q report for period ending March 31, 2016:
http://ih.advfn.com/p.php?pid=nmona&article=71496070

I do not think the company will be able to complete the project or make the purchase.

The development program is slated to begin later this year and drill into mid 2017. The Company’s commitment will cost approximately $9.6 million for drilling and completing the wells

The cost of the program is $9.6 million, but according to the last 10Q report, the company only has 1.9 million cash on hand, and does not have enough to pay is current liabilities of $14.8 million.

I do not see how a company that is losing money every quarter, and does not even have half of the projects cost, could make such a purchase. No one in their right mind would finance such a project for a company in this condition.

Louis J. Desy Jr.

[LouisDesyjr]

Sale of Mt. Emmons

The company sold off the project to Mt. Emmons Mining Company (MEM), a subsidiary of Freeport-McMoRan Inc.

Links to SEC documents related to the sales and latest 10Q report are at the bottom of this posting.

USEG ended the quarter 09-30-2015 with equity of $54 million. The sales of the mine caused an impairment (write off) of $22 million, dropping equity to $32 million. Assets were a total of 71 million, less $22 million leaving $49 million. With equity at $32 million, it implies that liabilities would be at $17 million. All of this is before any effect for operations since 09-30-2015.

Operations look like they lost $1.6 million per quarter without the effect of the write off on oil land or depreciation. There were, including February, five months since then, so another $2.6 million was lost, leaving equity of $14.4 million.

I expect oil prices are going to be down the the rest of the year, so another ten months of losses, or $5.2 million, would bring equity to $9.2 million. At the current price of $0.38, the market cap is a little about the expected year end equity of the company.

They should liquidate everything now and pay it out, continuing on is just going to loss everything over the coming months.

Louis J. Desy Jr.



USEG 10Q report for period ending 09-30-2015:
http://ih.advfn.com/p.php?pid=nmona&article=69227037

8K report about $22 million impairment from selling the mine:
http://ih.advfn.com/p.php?pid=nmona&article=70347403

Press release of 02/12/2016 about selling the mine:
http://ih.advfn.com/p.php?pid=nmona&article=70362401

Detailed 8K report about terms of the sale:
http://ih.advfn.com/p.php?pid=nmona&article=70363374

[robin]

Who going to be along for the ride
new web site new location
http://www.usnrg.com/ new address 4643 South Ulster Street, Ste. 970 Denver, CO 80237
old address U.S. Energy Corp. was founded in 1966 and is headquartered in Riverton, Wyoming.
price up 100% from low
maybe i"ll get even
robinhood

[LouisDesyjr]

2015 Q3 10Q report - looks worse

2015 Q3 period ending September 30, 2015:
http://ih.advfn.com/p.php?pid=nmona&article=69227037

USEG continued to do worse in Q3 of 2015. There was an impairment of $21 million, but even taking that out of the quarter and taking out the depreciation, the company still lost $1.5 million.

Even more troubling, is that apparently the company is in danger of defaulting on a line of credit of $7 million due to not maintaining the required current ratio called for in the loan agreement:

Because we project that it is unlikely that we will regain compliance with the Current Ratio covenant within the next 12 months, we have reflected the $6.0 million in debt under the credit facility as a current liability as of September 30, 2015 in the applicable balance sheets included in this report. In the event that we are unable to obtain an amendment or waiver of the Senior Credit Agreement to address the anticipated future breaches of the Current Ratio covenant, and other actual or potential future breaches that may occur, the lender under the facility could elect to declare some or all of our debt to be immediately due and payable and could elect to terminate their commitments and cease making further loans.

It would be a disaster for USEG if Wells Fargo called the loan, since total current assets are only $6.4 million. While they could sell some land or the mine, to try to make a loan call repayment, they would probably take a large loss on any such sales since none of the property seems to be doing that well. The oil is only producing a few million in revenue per quarter, and the mine is still not approved.

Louis J. Desy Jr.

[phantom4]

Useg a very oversold stock...oil is recovering... these lower tier stocks will start bouncing.

[phantom4]

Not so...Useg ...Will be around in Colorado,...oil will rebound...Mideast tensions boiling over even today will have effect quickly on oil .

[LouisDesyjr]

Lights out, within weeks maybe

I think it is all over for USEG.

http://ih.advfn.com/p.php?pid=nmona&article=68104914
According to the June 30, 2015 reports, the company can not run operations at a profit, and current liabilities are outrunning current assets ( 6 million in current assets to pay 15 million in current liabilities and the gap is growing larger ).

I expect that the mine is of no value since it still has not been approved. I guess the people in the area and the government agencies that dragged out the mine approval for years, will be 'glad' to know that they probably have helped put the company out of business, of course, they will have all kinds of time to ponder what they have done since the jobs the mine would have provided will probably never happen. No one will want anything to do with the mine after they take a look and see how USEG was dragged out for mine approvals for years with nothing to show for it.


Louis J. Desy Jr.

[LouisDesyjr]

Lights out, within weeks maybe

I think it is all over for USEG.

http://ih.advfn.com/p.php?pid=nmona&article=68104914
According to the June 30, 2015 reports, the company can not run operations at a profit, and current liabilities are outrunning current assets ( 6 million in current assets to pay 15 million in current liabilities and the gap is growing larger ).

I expect that the mine is of no value since it still has not been approved. I guess the people in the area and the government agencies that dragged out the mine approval for years, will be 'glad' to know that they probably have helped put the company out of business, of course, they will have all kinds of time to ponder what they have done since the jobs the mine would have provided will probably never happen. No one will want anything to do with the mine after they take a look and see how USEG was dragged out for mine approvals for years with nothing to show for it.


Louis J. Desy Jr.

[LouisDesyjr]

Officers left on Sept 21, to get severance package?

It looks like all of the top people left the company in order to get the severance package.

http://ih.advfn.com/p.php?pid=nmona&article=68626135

CEO got $550,000

CFO got $110,000

Principal accoutning officer got $110,000


Louis J. Desy Jr.

[LouisDesyjr]

2015 Q2 10Q report

Here are my impression of the important parts of the Q2 2015 report.

1: They lost money of $700K, after backing out the impairment and depreciation expenses. The company is not producing enough oil/gas to break even and the hedges are not covering the losses.

2: They may need to sell off assets or raise more capital to make payments. Payable, without the debt, is $9 million with only current assets of $6.1 million to pay that. With operations losing money, the only place to get the money to cover payable would be to sell off land/rights or issue more stock/debt.

3: One of the big additions to cash this quarter was $1.5 million from a settlement, which will not be happening in future quarters.

Louis J. Desy Jr.

[phantom4]

Oversold!

[LouisDesyjr]

Molycorp filed bankruptcy

http://www.wsj.com/articles/SB10907564710791284872504581069270334872848

Are you aware that Molycorp, which also deal with rare earth minerals, filed for Chapter 11?

The revenue almost just covers the cost of getting the stuff out of the ground.

Louis J. Desy Jr.

[phantom4]

Mine approval... will come because we cannot count on China anymore for these rare earth minerals.US Energy has one of the largest Moledium deposits in the world... the right of imminent domain for national security sake will be invoked here eventually.These minerals are used by the military ... a must have and no replacement for .

[LouisDesyjr]

Mine approval

I do not know how long you have been following the mine approval process, but parts of the process were started over a decade ago, and the company still can't go forward.

Louis J. Desy Jr.

[phantom4]

Partners with the cash will be clamering to get in if the mine permits are approved...no need to sell... the country is buying its rare earth minerals from China... behind the scenes higher ups are pushing to get these type mines approved...national security depends on these rare earth minerals.

[LouisDesyjr]

Mine approval

The mine has 'almost been approved' for years. Even if my some miracle the mine got approved today, they do not have the resources to develop it, and now with oil prices down they are losing money every quarter.

Oil and gas revenue is only a few million per quarter and down, even in term of BOE by a large percentage.

They should just sell everything off to another company that has the resources to properly develop the mine and oil rights.

Louis J. Desy Jr.

[phantom4]

Useg has a world class rare mineral property close to being approved after many years of debate...for this reason alone I have been buying...Useg has little debt, small float and is positioned itself to acquire distressed oil and gas lands due to this short term decline in oil prices...Ceo in the last presentation :we are planning to double the size of useg.... this will bounce back above $ 1.00 soon.