Not entirely true..but he has his reasons...imo...and has been successful getting exposure for the Buda andUSEG...
HVI has disclosed his largest core holding is USEG..
This information must also be disclosed in any articles where the stock is mentioned.
Because of the number of articles he has written that do include mention of USEG...he is probably getting more scrutiny from the Editors...who must approve them before publication.
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just read a post there from Josh Young about a $37m market cap stock, PTORF. So i don't see why people cant name USEG.
Is Alexander Energy The Next Magnum Hunter Or Halcon?
What do you guys make about the part where they hit the fault line while drilling the Willerson well? The previous article was all about the fault line. If true, then the Buda should be good all the way west and the U.S. Enercorp lease should be great.
Interesting HVI calls it the best of the rest...better than Hughes Super Buda..??
The best of the recent Buda wells so far is Contango's Beeler 4H well. The company reported "in October 2013, Contango's third well targeting the Buda formation, the Beeler #4H (50% WI), was drilled to a total measured depth of 11,350 feet, including a 3,777 foot lateral. The well was completed naturally without fracture stimulation, and commenced production at a peak 24-hour initial rate of 1,430 boed (84% oil), and a thirty-day average of 1,190 boed."
The Larsen Management is the cover. The houses are lining up weak hands for HNW Client$. The so-called ANALysts are ignoring it trying to drain as many weak hands as possible. Somebody is talking to management or they would be tooting ALL the horns like they did with the Bakken 3 years ago.
I value the Buda Acreage off the Devon acquisition @ $5.11/share with no credit for Buda Production. The Bakken Production @ $2.98/Share with no credit for the acreage. The current valuation is a joke.
This is the single most undervalued issue that I am aware of.
Sentiment: Strong Buy
Some of the text...
Wall Street had been asleep on the Buda discovery and just recently began buzzing about its opportunities in relationship to Contango. However, Wall Street is sound asleep on the Buda oil opportunity that EXCO Resources may have. With less than 6,000 net acres Contango could have 7 to 12 million barrels of recoverable and highly profitable oil. EXCO Resources has many more acres available to drill on than Contango and since they are to the west of Contango the Buda formation on their leases could be even thicker, and therefore sweeter.
Investors should be cautioned that while Contango is running a full time rig in the Buda it is not known how long it will be before EXCO Resources begins to exploit its significant opportunity. The company is in the process of replacing their CEO and they may need to get an agreement from Kohlberg, Kravis, and Roberts to drill a Buda well due to the complex partnership they entered into with them. However, opportunities to drill oil wells they pay back their invested capital in a few short months are few and far between in North America.
From ED...IV board...partial October production...
24 hour initial rate...Very Positive!!
Partial October Production...6,137 oil...10,757 gas
I'm not complaining...being a frequent trader of 3000/4000 shares...while increasing my growing long position with the results...taking advantage of the "suckdown" lower re-entry points...
Did take some nice profits when we bounced off the overhead resistance of last February's spike to $3.81...
11/18/2013 11/21/2013 USEG SOLD 1000 SHARES OF USEG AT $3.74 ($7.07) $0.00 $3,732.93 No
11/15/2013 11/20/2013 USEG SOLD 500 SHARES OF USEG AT $3.72 ($7.04) $0.00 $1,852.96 No
11/15/2013 11/20/2013 USEG SOLD 1000 SHARES OF USEG AT $3.73 ($7.07) $0.00 $3,722.93 No
11/15/2013 11/20/2013 USEG SOLD 1000 SHARES OF USEG AT $3.72 ($7.07) $0.00 $3,712.93 No
All the best....and good trading if you are so inclined..
boso," I think the question is what catalyst is needed for the share price to reflect the value of the company".........40 million call option updated Feb/March.
rich, I agree with you. This is nothing new and I guess from your post you believe this is going on with useg in a big way. Once fundamentals are more clear and volume goes up harder and harder to play this game. Remember in most investors eyes useg is still undervalued.
Pools: "Agreements, often written, among a group of traders to delegate authority to a single manager to trade in a specific stock for a specific period of time and then to share in the resulting profits or losses."
Churning: "When a trader places both buy and sell orders at about the same price. The increase in activity is intended to attract additional investors, and increase the price."
A wing & a prayer !!! Even after all the angst ,I still believe USEG is worth more than $ 6.00 . Quite frankly , That should be fairly achievable in '14. If the stars continue to line up , you could even see $ 10 .00 . Just wish IR could convince some firm to highlight the positives . It is & has been a strange way to run a Company .
rich, doubtful about manipulation. Thinly traded stock , until factual news comes out this is what you get. Keeping word about the black range minerals deal under wraps. Black Range will be giving an update in Late Feb early March.
bubba, this is early Dec what are you looking for? Very doubtful you will get any updates this month, management is beholden to Contango rightfully so. IF you are going to report any significant news it would be sensible to wait until Jan when you get the biggest bang for you buck. Bubba, how many companies you know have a 40 million dollar option which you will know in the next 3 months.
I think the question is what catalyst is needed for the share price to reflect the value of the company? Seems like it is a screaming buy to everyone following the stock. Is everyone waiting for the buda to be further derisked? Is there that little faith in the Larsen's and management? I'm pretty new to USEG, so I guess I don't fully understand the history of the company. Not sure how much else has to go right for the share price to even resemble fair value.