hey - this is high risk for sure.......it's 50 cents a share OK.....I have followed this stock for years and it always has a second life and makes another run........maybe this time and maybe not BUT I love finding the blood in the streets type that come with a kicker and that kicker is Frank and Ray so I am willing to play some casino money on it. You only have to hit a couple of these to make up for those that implode. I feel this play is well worth the risk kowboy so we shall see if it rides off into the sunset or charges the enemy..............and that enemy is us. Boolean
Management is out of touch and not real interested in growing the business unless it falls into their lap......from the guberment......just awful managers and they and the board need to be booted out. That they are not all buying shares is a travesty.
in Lucas Energy this morning -- like the combination with Frank and Ray and where that may lead........still evaluating useg.........shows some strength here but still fighting its resistance areas and tomorrow will tell the tale of the tape as it will drop if this is just another fake move..........who knows. It is that time where you hold your breath and see how it shakes out but again.......I see 2015 as a bust out year for economic growth so oil is going to be in demand and their are some who believe NG will fly.......the Farmer's Alamanc who hit it last year is again saying the winter will be rough. Good luck folks........still not in but watching and whatever I hope you make the cash register ring in your favor. But don't forget - Mr. Market is a wily beast and always has the upper hand and loves to make you look like a jack............ Boolean
did not think I would get it at the 51 but I did.....this combination with Frank and also Ray Singleton of Earthstone gave me the green light to BUY an entry position and I will add IF it warrants. Both Frank and Ray are shareholder centric guys so I had to play this long shot stock........I love to follow smart managers. Boolean
yes u r correct the costs are certain and predictable NOW.......the uncertainty rises once they start activity there as costs will rise and unknowns will rise and water issues will rise and so on.......hey there is definitely potential here but I need to see the money - show me the money and some consistency. If oil and nat gas start a new price rise the outlook will also improve for useg. Will be interesting to see how they do in Q3 and how their reserves look and new drills/plans.
I see no reason for it to break it so I would bet on a downside move where you could play the channel again......but Ms. Moly is a risk no matter what you kids say and without it the company has potential. Need to speak with management. Q3 will be a very telling quarter....... Boolean
debt/equity and price/book are good.......they are growing but they have yet to hit on all or even most cylinders. They seem to always find a way to snatch defeat from victory. Yes Buda is a big deal for them and IF they can keep driving cash from Buda this will help but again Ms Moly is a big issue and I just don't see how that is resolved. It is that point that makes me wince........and pause and not purchase yet. They have risen a lot in the past year and do have to digest that and then demonstrated the ability to drive it value higher consistently. I suspect the stock will remain range bound until that catalyst comes in. Boolean
yes 56k - flat vs 2 pennies last year so with their growth they still can not monetize their investments....YET. margin was solid up front and that was appreciated - the moly issue is big for me and is one reason the red flags are up brighter and higher as there is just too much uncertainty and how do they dump it.......pretty tough and to build it out would cost zillions and hitches would be many and running a mine ain't no free lunch. You would have to have a lot of things come together to make it work........it is an albatross........a land mine if it were. I AM NOT A BUYER IN THIS CONDITION and will be a watcher and monitor at this time......a trade situation is more interesting right here if any thing. With Earthstone you now have two shareholder centric managers and that is huge and I still say they are sold out in 2015 to first half 2016. US Energy is too risky and will need some unexpected catalyst to take it to the next level - it may come or may not and there still will be ole Ms Moly sitting there in her little house of cards at Mt Emmons........I don't trust her. Boolean
the risk associated with Mt Emmons........it is real and open ended risk. Boolean
I am projecting a solid 2015 economy so that should spell good news for energy companies - I believe that 2015 is going to be when the economic growth rates will start to show a stronger upward trajectory and that growth will broaden out including China and India who have been slower than expected but who both hold huge potential and pent-up demand. Infrastructure rebuild I also believe will be a strong driver across nations and that will be great for commodities and players of that sector. Rates will rise but it won't matter as growth will trump that move and negate or minimize any significant negatives for the market. I submit as I have said since 2009 that the new market revival post the economic meltdown will be more substantial than any one believes (was why I loaded up back then in leveraged S&P/Russell etc ETF's ie sso) as the disaster did a cleansing that was terrible to endure but like a wildfire will yield new and unprecedented growth.......like no other time In history. In time shorting treasuries will be good......like tmv and this could be the time to start nibbling there as they have been slammed hard. But I hold to my premise and convictions and will buy that which makes you wince as that is where the deals are. Boolean
you mean about being an "insider"........you kids always claim that with me due to my insights.......it is insight not insider my friend ---- that would be illegal. Look under your bed though I do believe I hear voices.........do you??? Let it #$%$. Boolean
at the end of the day it is.........the bottom line. All of the stuff in between really doesn't matter if it doesn't come to the bottom line. Stocks are valued on their bottom line number and not all of the stuffing. Sure you need to look at UNDERVALUED ASSETS and that is a great way to look at a company but USEG has not been able to show any skill level at bringing value to their assets. Now they my in Q3 show some of that we don't know but I am suspect as they just keep showing an uncanny ability to drop the ball and fail to monetize their holdings. Some managements are just inept in that way and others like Ray Singleton at Earthstone have the skill set to drive shareholder value. Boolean
It's financials and its overall body does not look good........yet. Right now it is trading at its reversal point and the numbers don't support any reason for a rise.......yet. Now that could and would change IF they hit something big of course or do a deal that alters their make up but for now I still see the stock as HIGH RISK and therefore not a suitable investor for any one but those willing to assume the risk. It does seem still to be a great trade stock as it is operates quite consistently within its channel. Just a point of view of course but it does appear to be strongly range bound with no catalyst YET to drive it higher. Boolean
has this not been their MO of an ability to raise top line but not bottom line and to be very inconsistent. I plan to do DD again here to see if there is any substance of hope beyond the hypsters who seem to be a common thread here.........you are not one of them I know. Boolean
indicated in his guidance that Q3 will show increased production gains but he failed as far as I can see.......to say increased bottom line results. Is this a concern to you? Boolean
You keep up your bad attitudes and I may have to slap your mouse.......come on kids. You know this company is destined for a powerful position in the industry and with the two shareholder centric managers in place we are in........a place. The economy is going to show a solid 2015 and as I noted long ago the USA will be the driver of the worldwide rebirth......not CHINA.......and that is what is happening now. But our growth will expand that of other nations and China will play a more meaningful role in coming months and certainly in 2015 which will along with India and other economies drive world-wide growth not seen since the end of WWII if ever. The economic disaster was a disaster but with disasters comes the rebirth and the reinvigoration and the drive forward...........the USA is leading that now as it should be. We will see Earthstone be bought out in 2015 or early 2016 (first half) and you will smile or frown depending on your nature. I remain steadfastly bullish here and those that sell now can sell and those shares will find their way into stronger hands who understand where this is all heading........your friend and sometimes irritant.......Boolean
mountain - I have not DEFENDED HIS POLICIES.....that is a global statement. Only a fool would support ALL POLICIES. Again - even FOX has trashed Bush/Cheney so now that discussion is OVER. When they finally took them out to the whipping post for their disastrous reign it was over for those who blindly follow a party OK. I am not one of those blind lemmings. I told you when Obama kept the tax breaks to the rich I wrote him as well expressing my anger. So don't lump me in with your lemmings OK. I am a true patriot who evaluates ALL and not walk blindly behind anyone. Boolean
My message is clear - SELL THE COMPANY. Read the annual and see how they distorted the facts and over spent on the A10 Thunderbolt and yet sang their own praise.........read it and then come back.
understand how to lead this company and to grow it so they need to SELL IT. I am going to continue to repeat this and repeat this and you know I AM RIGHT. Look back at their history - they are inconsistent and only do well when the big bad GUBERMENT is throwing them the bones. Call them and tell them to SELL. Boolean