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AH OH! I'm not liking this type of action today
you took the words right out of my big fat mouth, my ranting days are over, we all know what we have here from are dd a year ago, nothing has changed to change my mind other than the 5 billion shares GO USOG!
Why aren't these investor's keeping there shares. They sell immediately, WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY? WHY?
I think that I will NOT buy anymore shares like I have stated before, Alex should never be cautious about buying his own companies stock. This alone is telling us that he has NO FAITH IN THE FUTURE OR QUESTIONING THE FATE OF HIS OWN COMPANY!, HE IS WAITING JUST LIKE WE ALL SHOULD. Let the daytraders mess around buying and selling but I am sick and tired of reading the same old crap, ( ABOUT USOG SHOULD RUN AFTER THIS REPORT IS OUT, OR THAT REPORT, OR THIS REPORT! COME ON SUCKERS WAKE UP!) you might as well sign over your pay checks to these daytraders ! LOL LOL LOL LOL LOL LOL LOL!!!!!!!!!!!!!!!!!!!!!!!
Buy your amount of shares and hold! wait for the reverse split! and then go from there.
Your dollar amount invested will be the same after the reverse split, (it's a possitive) Once the reverse split happens, and if you still believe that USOG will be a profitable company, then buy shares. Don't play the penny stock daytrading game! Once we are able to let the big boys invest, That is when the pps will go higher. This is what Alex is banking on, I WILL BET MY LIFE ON IT !
Yeah, let everyone else play there games, I figured since losing 90% of my money from last year, I had better double up! USOG is a solid company and there business plan has been very good so far, I really don't thing that a third acc is a reality though, I think that Alex had good intentsions but after he had spent time
going over all of the numbers his statement will become a false
realliy!
Think about it WHY HAS ALEX AVOIDING BUYING MORE SHARES?
HE GOT A RAISE DIDN'T HE ?
IF ALEX BELIEVED IN HIS COMPANY HE WOULD BE BUYING MORE SHARES, HE IS NOT !!
I agree this is why I am NOT buying anymore shares.
I will NOT let the shorts have thier fun making money off of me, this is why I sit and wait.
Anyone long here should do the same, sit back and wait! unless you want to give your money to a short that has been telling you to buy all you can! And I QUOTE "get them while you can, they won't be this cheap forever" and all of the other bull we have been reading about for the past year. I now have 20 million shares and waiting for the reverse split. (PERIOD!) and it (WILL HAPPEN) when? I have no idea but if you read Alex's reports, He wants his company on a bigger exchange to pay off the note, not all this crap about pps, he wants on a bigger exchange to real in BIG INVESTORS ! So all of you that think that you can make a little extra money off of us GO POUND SALT! LOL LOL LOL USOG WILL SOAR SOMEDAY!!!
they also said that they have a 2 Day Marketing Program of USOG
so it will be out again on Monday
and there is a small error at the bottom about that NewYork Stock exchange thingy but all and all one of the better Stock alert's I have seen in a looooooooooooong time! LOL
GO USOG hold on longs don't sell your shares no matter what the price!
Yeah, I found it in my spam folder, I don't remember signing up for email alerts, but I'm glad that I did. LOL here is the site,
http://www.pennystockbargains.com/
and here is the complete alert
Good Morning my fellow early bird Bargainers, yeah I know it's early, 10 more minutes in bed would just feel so awesome right now. Well the early bird catches the worm and Bargain Hunters never sleep, yeah and money doesn't either as my mentor Gordon Gecko says. Hey I think after you read this e-mail and 4:00PM comes around we all might sleep better tonight. Or if your like me, Friday Night is Party Night before the work and research starts again for next week. I always like finishing my weeks on a positive note, so here we go!
Yesterday things turned out pretty good, we didn't have an amazing 100%+ Day but with a $.62 cent stock it's not very common to experience those types of returns in one day. We did have a Green Day and my profiled company finished the day up 8%, created a new 52-Week High, and finished at the high of the day, so all in all I can say it has been a success so far.
As you know I usually only profile 1-2 companies per week, but today I decided to bring to you a Sub-Penny DAY-TRADE ONLY stock. These little critters have the tendency of moving really fast and what better way to start our weekend with a stock that could go into some high green grounds today.
One thing to remember with any company I profile is that if you see volume coming in and the stock not going up than there might be something wrong and it's best to stay away.... On the other hand if volume is pouring in and we see things up ticking green than strap on your belt and get ready for a RIDE.
So let me roll up my sleeves and dig into this Sub-Penny so I can give you a head start on your Research:
Today's Company is USOG- United States Oil and Gas
Now you might have an idea about what they do from their name but let me go ahead and explain a bit more:
United States Oil and Gas Corp is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville, Utica, and Palco, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company reported 2010 revenue of $24.7 million up from $9.4 million in 2009
Ahhh so we have a BLACK GOLD company. Oil is HOTTER than HOT right now.
Our Sweet Crude was at under $95 in February and now it's over $112, not bad right? It's crazy, but the world wants to find alternative energy sources yet we are still relying on Oil for our every day lives, no wonder prices keep raising. This is why those hedge fund managers are pouring their money into Oil and betting on Winning some crazy gains in the near future.
Now I know most of you are also thinking "Why aren't Big Oil Companies Sky Rocketing?" Well the truth is that some have experienced some nice growth in stock price this year. Others have such high expectations from investors than when they report HUGE earnings but just below what Investors expected than their stock falls. This makes these companies a little more volatile to Investors.
Time to tell you some more about USOG. Did I say this critter could move? Looking at the charts this one ran up 62% in the period of just 2 Days. This gets me excited because I always say "History tends to repeat itself".
Money Money Money!!! Hey it's all about the benjamins, and for me a company that reports positive earnings has them. In the case of USOG they released the following a couple of day's ago:
Subsidiary operations performed well. Earnings before income taxes, interest expense, depreciation, and amortization
(EBITDA) for the combined subsidiaries was $635,000 for the year ended December 31, 2010.
BIG DEAL!!! $635K? What's that? Yeah yeah, most of you might be thinking that as was I when I saw it. But just hold on for a minute before you throw me in the grinder. How many companies that are either trading on the OTC or Pink sheets actually report REAL earnings? You probably don't know, well I don't know either but I believe it's not as common as White on Rice.
Now they didn't only talk about their earnings but also about their expenses, they had the following to say:
Drastic cuts in corporate overhead costs were achieved. Corporate operating expense was cut by $353,000 (39%) for the 12
months ended December 31, 2010 over the same period in 2009.
USOG reported 2010 revenue of $24.7 million up from $9.4 million in 2009.
Real EBITDA earnings, 163% revenue growth in 1 year, and a 39% reduction in corporate operating expense?!
Did I just read 163% revenue growth in 1 year? A reduction of 39% in corporate operating expenses? Nahh they didn't do that, did they??? Ohhhh yes they DID!!!! Can we say AWESOME, AMAZING, INCREDIBLE? I am thinking all 3 into one and say it's an INSANE BARGAIN!!
They didn't stop there..... They also listed these highlights:
First full year of United Oil as a wholly owned subsidiary, as the acquisition became effective on January 1, 2010;
United States Patent Office approval of our eco-friendly fiber optic motion sensor technology for exploration and drilling in rugged environments to be possibly developed or licensed; and
An important contract for the supply of fuels to a private highway contractor. This may provide a foothold for future projects in what should be a trend in growing infrastructure spending.
Favorable re-negotiating of debt to Turnbull Oil
Now after an insanely fantastic 2010 what can this little critter have in store for 2011?
The most impressive, exciting, and potentially profitable thing I read in USOG's outlook for 2011 was that in the near future,
USOG plans to move to a more senior national exchange like the NYSE for even greater recognition and capital raising
opportunities.
Wow! Do you know what can happen to share prices when a company goes from a little exchange like the OTC all the way to the king of them all, the NYSE?? Even a move to NASDAQ or AMEX could be enough to cause a major commotion and massive increase in share price.
Besides that very sexy and profitable goal, they also listed these as milestones for 2011:
Consolidation on a tax basis of both of our subsidiaries in order to increase the bottom line;
Realization of internal growth opportunities and continued reduction in overhead expenses;
Identification of third acquisition target; and
Further significant reduction of debt.
It appears USOG is getting focused on improving their capital structure, which is good for investors. Long term investors being interested and active virtually ALWAYS creates a better, more stable, and more profitable situation for day-traders. They're reducing their debt, increasing their bottom line, and I'm intrigued to hear they're seeking a third acquisition target.
So USOG is looking very solid and very delicious, but how about the trading setup?
USOG is setup quite sweetly with a great support level just below us. Another one of those great trades where we get to enter as close as possible to the support level! .0016 has served as support for a while, although USOG did hit as low as .0015 yesterday. Nevertheless, there is a strong support level below us around .0016, just about 6% below the current price.
The 52 week high is about 1.2 cents, which was hit on volume well over 128 million...so that is a "for real" 52 week high.
That's about 605% above us, so there's plenty of upside here. There looks to be a little resistance around the .0022-.0023 area. If we gap up a bit today and then start to generate some serious positive momentum, we may be able to blow right through that and skyrocket to some really huge profits. After all, don't let all the strong corporate numbers fool you, this is a sub-penny we're talking about.
Last time strong volume hit USOG was March 11th, by the next day it flew as high as .0034. As Gary Busey would say, USOG - Up Side is Overly Gigantic.
Let's USOG - Unite, and Stock up On Gains. USOG - Unbelievably Strong Ongoing Growth. I could do this all day.
But let's stop, and get SERIOUS...and get ready to book some SERIOUS gains with USOG. This play has it all. I've been
getting requests out the yin yang for companies that profit from high oil prices, so here it is.
USOG is in a red hot industry, the hottest. Their fundamentals appear great, massive revenue growth on top of debt improvements, reduced operating costs, and an aggressive growth strategy including trying to make it to a huge national exchange like the NYSE. Wrap that package up into a compact little sub penny and you've got a "big bang" style explosion ready to ignite!
As always, Happy Hunting..... Remember DIG DEEP to find those Bargains!
----- Mr. Penny Bargains
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Our advertisements and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiles based solely on information contained in our report. Individuals should assume that all information contained in the alerts about profiled companies is not trust worthy unless verified by their own independent research. Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some of all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing. The profiles are a service of PennyStockBargains.com. a marketing and advertising firm that may have been compensated. All direct and third party compensation received will be disclosed within each individual alert in accordance with section 17(b) of the nineteen thirty three Securities Act. Any compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies. PennyStockBargains.com and /or its affiliated may buy, hold, and sell securities in the companies profiled. When compensated in shares, all readers should be aware that it is our policy to liquidate all shares immediately. We reserve the right to buy or sell the shares of any of the companies mentioned in any materials we produce at any time. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled companies.PennyStockBargains.com has been compensated up to Twenty-Five Thousand Dollars Cash by a third party (EAG) for a 2 Day Marketing Program of USOG. The third party may have shares and may liquidate it, which may negatively affect the stock price. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Forward-Looking Statements, Certain statements in this communication that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "potential," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of (the "Company") to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov . We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. Information contained in our advertisement will contain "forward looking statements" as defined under 27A of the Securities act 1933 and Section twenty one B of the Securities Exchange's Thirty Four Act. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These "forward looking statements" are subject to a number of known and unknown risks and uncertainties outside our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating these forward looking statements included in the advertisement and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurances as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company's operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the alert, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to ,lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at www.sec.gov and FINRA at www.finra.org
I also recieved this one this morning,
Good Morning my fellow early bird Bargainers, yeah I know it's early, 10 more minutes in bed would just feel so awesome right now. Well the early bird catches the worm and Bargain Hunters never sleep, yeah and money doesn't either as my mentor Gordon Gecko says. Hey I think after you read this e-mail and 4:00PM comes around we all might sleep better tonight. Or if your like me, Friday Night is Party Night before the work and research starts again for next week. I always like finishing my weeks on a positive note, so here we go!
Yesterday things turned out pretty good, we didn't have an amazing 100%+ Day but with a $.62 cent stock it's not very common to experience those types of returns in one day. We did have a Green Day and my profiled company finished the day up 8%, created a new 52-Week High, and finished at the high of the day, so all in all I can say it has been a success so far.
As you know I usually only profile 1-2 companies per week, but today I decided to bring to you a Sub-Penny DAY-TRADE ONLY stock. These little critters have the tendency of moving really fast and what better way to start our weekend with a stock that could go into some high green grounds today.
One thing to remember with any company I profile is that if you see volume coming in and the stock not going up than there might be something wrong and it's best to stay away.... On the other hand if volume is pouring in and we see things up ticking green than strap on your belt and get ready for a RIDE.
So let me roll up my sleeves and dig into this Sub-Penny so I can give you a head start on your Research:
Today's Company is USOG- United States Oil and Gas
Now you might have an idea about what they do from their name but let me go ahead and explain a bit more:
United States Oil and Gas Corp is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville, Utica, and Palco, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company reported 2010 revenue of $24.7 million up from $9.4 million in 2009
Ahhh so we have a BLACK GOLD company. Oil is HOTTER than HOT right now.
Our Sweet Crude was at under $95 in February and now it's over $112, not bad right? It's crazy, but the world wants to find alternative energy sources yet we are still relying on Oil for our every day lives, no wonder prices keep raising. This is why those hedge fund managers are pouring their money into Oil and betting on Winning some crazy gains in the near future.
Now I know most of you are also thinking "Why aren't Big Oil Companies Sky Rocketing?" Well the truth is that some have experienced some nice growth in stock price this year. Others have such high expectations from investors than when they report HUGE earnings but just below what Investors expected than their stock falls. This makes these companies a little more volatile to Investors.
Time to tell you some more about USOG. Did I say this critter could move? Looking at the charts this one ran up 62% in the period of just 2 Days. This gets me excited because I always say "History tends to repeat itself".
Money Money Money!!! Hey it's all about the benjamins, and for me a company that reports positive earnings has them. In the case of USOG they released the following a couple of day's ago:
Subsidiary operations performed well. Earnings before income taxes, interest expense, depreciation, and amortization
(EBITDA) for the combined subsidiaries was $635,000 for the year ended December 31, 2010.
BIG DEAL!!! $635K? What's that? Yeah yeah, most of you might be thinking that as was I when I saw it. But just hold on for a minute before you throw me in the grinder. How many companies that are either trading on the OTC or Pink sheets actually report REAL earnings? You probably don't know, well I don't know either but I believe it's not as common as White on Rice.
Now they didn't only talk about their earnings but also about their expenses, they had the following to say:
Drastic cuts in corporate overhead costs were achieved. Corporate operating expense was cut by $353,000 (39%) for the 12
months ended December 31, 2010 over the same period in 2009.
USOG reported 2010 revenue of $24.7 million up from $9.4 million in 2009.
Real EBITDA earnings, 163% revenue growth in 1 year, and a 39% reduction in corporate operating expense?!
Did I just read 163% revenue growth in 1 year? A reduction of 39% in corporate operating expenses? Nahh they didn't do that, did they??? Ohhhh yes they DID!!!! Can we say AWESOME, AMAZING, INCREDIBLE? I am thinking all 3 into one and say it's an INSANE BARGAIN!!
They didn't stop there..... They also listed these highlights:
First full year of United Oil as a wholly owned subsidiary, as the acquisition became effective on January 1, 2010;
United States Patent Office approval of our eco-friendly fiber optic motion sensor technology for exploration and drilling in rugged environments to be possibly developed or licensed; and
An important contract for the supply of fuels to a private highway contractor. This may provide a foothold for future projects in what should be a trend in growing infrastructure spending.
Favorable re-negotiating of debt to Turnbull Oil
Now after an insanely fantastic 2010 what can this little critter have in store for 2011?
The most impressive, exciting, and potentially profitable thing I read in USOG's outlook for 2011 was that in the near future,
USOG plans to move to a more senior national exchange like the NYSE for even greater recognition and capital raising
opportunities.
Wow! Do you know what can happen to share prices when a company goes from a little exchange like the OTC all the way to the king of them all, the NYSE?? Even a move to NASDAQ or AMEX could be enough to cause a major commotion and massive increase in share price.
Besides that very sexy and profitable goal, they also listed these as milestones for 2011:
Consolidation on a tax basis of both of our subsidiaries in order to increase the bottom line;
Realization of internal growth opportunities and continued reduction in overhead expenses;
Identification of third acquisition target; and
Further significant reduction of debt.
It appears USOG is getting focused on improving their capital structure, which is good for investors. Long term investors being interested and active virtually ALWAYS creates a better, more stable, and more profitable situation for day-traders. They're reducing their debt, increasing their bottom line, and I'm intrigued to hear they're seeking a third acquisition target.
So USOG is looking very solid and very delicious, but how about the trading setup?
USOG is setup quite sweetly with a great support level just below us. Another one of those great trades where we get to enter as close as possible to the support level! .0016 has served as support for a while, although USOG did hit as low as .0015 yesterday. Nevertheless, there is a strong support level below us around .0016, just about 6% below the current price.
The 52 week high is about 1.2 cents, which was hit on volume well over 128 million...so that is a "for real" 52 week high.
That's about 605% above us, so there's plenty of upside here. There looks to be a little resistance around the .0022-.0023 area. If we gap up a bit today and then start to generate some serious positive momentum, we may be able to blow right through that and skyrocket to some really huge profits. After all, don't let all the strong corporate numbers fool you, this is a sub-penny we're talking about.
Last time strong volume hit USOG was March 11th, by the next day it flew as high as .0034. As Gary Busey would say, USOG - Up Side is Overly Gigantic.
Let's USOG - Unite, and Stock up On Gains. USOG - Unbelievably Strong Ongoing Growth. I could do this all day.
But let's stop, and get SERIOUS...and get ready to book some SERIOUS gains with USOG. This play has it all. I've been
getting requests out the yin yang for companies that profit from high oil prices, so here it is.
USOG is in a red hot industry, the hottest. Their fundamentals appear great, massive revenue growth on top of debt improvements, reduced operating costs, and an aggressive growth strategy including trying to make it to a huge national exchange like the NYSE. Wrap that package up into a compact little sub penny and you've got a "big bang" style explosion ready to ignite!
As always, Happy Hunting..... Remember DIG DEEP to find those Bargains!
----- Mr. Penny Bargains
I agree, but they are also promoting (Choice Trade)
Choice Trade offers no penny stock surcharges, unlimited shares, no minimum deposit and cheap $5 dollar commissions on trades.(This is a false statement!)
ChoiceTrade updated there site to include: No penny stock surcharge up to 500,000 shares. Beginning December 1, 2010, add 1% of the total dollar value of the order to the normal commission of $5 per trade to all stock orders of more than 500,000 shares
All you penny stock lovers, that 1% charge can add up
I also checked on other fees (that was enough for me to decline reading any further)
As long as are PR was good, who cares about ChoiceTrade. LOL
Come on USOG! you can start moving up now!
Go to site and click on (report spam)
then check the box before, The content received was incorrect, fraudulent or in some way harmful
then type in a reason, I did, LOL
Thanks BT
Thanks for your support PS,
BT I am not suggesting that it is you, I'm just ticked off that I couldn't get my order filled, It isn't often that I get to come home early from work, sorry, let me just chill out, again, sorry
lets not cry over a little spilt milk LOL those mm's today just cost me 700,000 plus shares today because I posted my intentions on this board before I bought, so please let me do what I have to do to make up for my f-up because I KNOW FOR A FACT that someone here is a MARKET MAKER
It won't not with USOG, check out the 2nd. paragraph just below Alew's they always cover thier buts (always)
CEO Alex Tawse commented, "The progresses we have achieved on several fronts at the corporate level in 2010 have established the foundation upon which we will move the Company into the next stage of growth. Over the next year we will continue to seek opportunities to expand our business through the opening of new revenue streams at our existing subsidiaries and we will continue to build our cash resources and working capital to focus on making our business more efficient, reducing our debt and funding additional acquisitions."
The limited information contained in this press release is not adequate information upon which to make an informed investment decision. Additional information regarding our fourth quarter and twelve month performance is available in our Annual Report on Form 10-K which we filed with the SEC, and may be found at www.sec.gov. This document will also be available on our website at www.usaoilandgas.com
Go to there web site and then they tell you to go to otc website for the real info. ( It's a vicious circle )
Entire PR;
United States Oil and Gas Corp Discusses 2010 Results of Operations
AUSTIN, TX, Apr 25, 2011 (MARKETWIRE via COMTEX) -- United States Oil and Gas Corp, listed on the OTCQB (OTCQB: USOG) (PINKSHEETS: USOG), which recently filed its 2010 Annual Report on Form 10-K and its financial results for the fiscal year and quarter ended December 31, 2010, has provided additional highlights from the report.
Several key measures improved significantly during the twelve months ended December 31, 2010. The following three elements played a key role in these positive operational changes:
1. Subsidiary operations performed well. Earnings before income taxes, interest expense, depreciation, and amortization (EBITDA) for the combined subsidiaries was $635,000 for the year ended December 31, 2010.
Subsidiary EBITDA Balance
-------------------------------- --------
Net Profit $107,000
Taxes 309,000
Depreciation and Amortization 225,000
Interest Income (16,000)
Interest Expense 10,000
--------
Subsidiary EBITDA $635,000
EBITDA is a non-GAAP measure that management uses to evaluate performance. We believe that EBITDA is useful to an investor in evaluating our operating performance by removing the impact of items such as interest expense, depreciation, and amortization that can vary substantially from period to period. We separate earnings at the subsidiary level in order to remove the impact of capital structure changes, which can vary widely from period to period at the corporate level.
2. Drastic cuts in corporate overhead costs were achieved. Corporate operating expense was cut by $353,000 (39%) for the 12 months ended December 31, 2010 over the same period in 2009.
3. We consolidated taxes starting on August 1, 2010. This will allow losses at the Corporate-level to offset operational profits and reduce future federal tax expense by a considerable amount.
CEO Alex Tawse commented, "The progresses we have achieved on several fronts at the corporate level in 2010 have established the foundation upon which we will move the Company into the next stage of growth. Over the next year we will continue to seek opportunities to expand our business through the opening of new revenue streams at our existing subsidiaries and we will continue to build our cash resources and working capital to focus on making our business more efficient, reducing our debt and funding additional acquisitions."
The limited information contained in this press release is not adequate information upon which to make an informed investment decision. Additional information regarding our fourth quarter and twelve month performance is available in our Annual Report on Form 10-K which we filed with the SEC, and may be found at www.sec.gov. This document will also be available on our website at www.usaoilandgas.com
About USOG United States Oil and Gas Corp (OTCQB: USOG) (PINKSHEETS: USOG) is an oil and gas products, services and technology company headquartered in Austin, Texas. Through our subsidiaries, we market and distribute refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States. We own all of the plant storage, transportation and maintenance equipment used at our locations in Plainville, Utica, and Palco, Kansas. We own and operate a gas station and convenience store in Belcourt, and hold approximately six acres of developable land in Bottineau, North Dakota. We are focused on acquiring and growing domestic mid size family-run oil and gas services businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The company reported 2010 revenue of $24.7 million up from $9.4 million in 2009.
The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements. Refer to "Item 1A - Risk Factors" in our registration on Form 10 filed with the Securities and Exchange Commission for a discussion regarding our exposure to risks. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such factors, nor to assess the impact such factors might have on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.
Contact:
James Crimi
Investor Relations
+1-512-464-1226
Email Contact
SOURCE: United States Oil and Gas Corp
CONTACT: http://www2.marketwire.com/mw/emailprcntct?id=1D81E07224DC142D
Copyright 2011 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Energy and Utilities:Oil and Gas
You said that right!
"Dirty Bastards!" LOL
I am like a little kid that get his allowance, as soon as funds are availble in my account I have to spend them LOL
288,000 Those f'n mata ducks LOL sorry bt my 19 was cancelled out
they gave me a bunch of odd share amounts let me go back and add them up
never mind I will by something else tomorrow THOSE F'N CREEPS changed it again, oh well I will go elsewhere, now I really know that a MM is on our board! LOL I will not tip my hand again on here
Im going in for the rest of the mil by slappin the ask!
so far those creeps gave me 127000
i put the bid in at 3:32 those basterddds raised the ask to 18
I am going in for a mill who's with me ?
JUST VENTING!
correction,-- invested $35,000, and 94% DOWN
USOG, A start-up company putting out webcasts? HOLLY $HI! LET ME INVEST $25,000 2yrs. later down 95% (SUCKER!)
What about all of the interviews that alex had on (smallcapvoice)? As time pasted what did we hear from Alex? NOTHING! Alex sucked in a whole lotta people talking about that his company USOG was a different kind of penny stock. Where are the web cast? Alex would rather pay 20,000 to a small outfit to put out a PR then to talk to his shareholders like he did in the past! I know Alex and USOG IS JUST ANOTHER PENNY STOCK! If they weren't Alex would have stepped up to the plate and gave us all a live interview at (smallcapvoice) or somewhere else. We talk about the great things that are going to happen each and every Quarter. each and every Quarter. each and every Quarter. each and every Quarter. each and every Quarter. each and every Quarter. each and every Quarter.
COME ON USOG!
There is much to say about USOG, but I am afraid my pc might turn on me!
here our the interviews, if you new investors have not heard them,
http://smallcapvoice.com/blog/?s=usog&search=%3CSPAN+class%3D%22btn+++++hover+%22%3E%3CSPAN+class%3Dl%3E%3C%2FSPAN%3E%3CSPAN+class%3Dr%3E%3C%2FSPAN%3E%3CSPAN+class%3Dt%3ESearch%3C%2FSPAN%3E+%3C%2FSPAN%3E
yeah, lol, thx bt
I just tried to buy some shares with the last $19.00 that i had in my acc. for 0.002 they sold them to me for .017
Hey guy's we all should get paid like G, All we do is pump!
someone call Alex! LOL
WOW! G, clicking on all of your posts, AND I MUST ADD!
you are doing a fine job pumpin, how much money are you making?
Hey G sounds like to me you want this stock to move up Hmmmm!
That's good, keep up the pumpin
I hope so PT, we all were going to have hamburgers tonight, but I told the misses, lets have some chicken instead, she said "I don't have time to make that" I said sure you do, I'll just go up to the store and get 2 of those rotissories. She laughed and said I don't understand why it's so important that we eat chicken tonight, but ooookay if that is what you want. lol
I will tell her later, but for now I have to run to the store,
hold the fort guys and gals hopefully when I get back ack has some insite for us
I am popin some tops PT LOL Boy, we all needed this!
I know its not here yet but it will be!
I think you have a typo PT erase one of those zeros LOL
Temper the enthusiam?, when a company improves on there Working Capital Performance you should jump for joy!
GO USOG .0019/.014 (tomorrows action)