U.S. Energy Corp. (USEG)

[scottmba]

Let's put it this way Jackal. I've done 100 hours of research on these guys, called the company a few times to clear up well decline rates and built a model that was 42, that's right, 42 barrels off from their PR last week.

They are loaded with cash, the largest molybdenum mine in North America run by Thomson Creek, a geothermal investment about to IPO, and a uranium mine that will pay as soon as the managing company turns it on. And a $25 million real estate development. This is trading at an absurdly low valuation.

I have piled in all that I can afford, and will be smiling by Christmas when they have 25-30 wells producing. Investing does not get much easier than this. How do you find a company that trades at a discount to book and will have revenues go up 20x+ in one year.

I even have my wife's grandmother in this thing. That is how I feel about it.