USOG - United States Oil and Gas Corp. (PINK Stock)

[PENNYMASTER]

USOG Heres another stock I just put on my radar list. This company is rapidly expanding. I just looked at the charts on this one. Stock is holding on a support @.015. Stock has been on a down trend but looks like its starting to rally. I expect this stock to trade with some incredible volume tmw and were going to see some price apprecation.Imo this stock should be at .07 by the end of this week or begining of next week. Stock traded at .0155 which is the perfect entry price. I have not taken a position in this stock yet but I do plan to take one tmw morning. Remember to do your own dd and good luck to u all. Here is the latest news.

AUSTIN, TX--(Marketwire - 02/16/10) - United States Oil & Gas Corp (Pinksheets:USOG - News), a growing oil and gas products, services and technology company, today provided an update on one of its expanding subsidiaries, North Dakota-based United Oil, which became a wholly owned operating subsidiary at the start of the year.


Much like the Company's other wholly owned operating subsidiary Turnbull Oil (which is based in Kansas), the management team at United Oil has been immersed in the oil and gas industry for over thirty years. This longevity has enabled United Oil to develop and run a highly efficient distribution system. Customers span two states, and nine counties.

United Oil owns its own distribution system of tankers and haulers, and has incrementally added to its property, plant and equipment. Demand at present is such that additional storage is now necessary because customer sales are exceeding supply at a high rate. Storage capacity at its bulk plant is nearly 100,000 gallons of refined fuels with additional capacity available on six acres of developable land (which the company owns) located directly adjacent to the main interstate.

At United, no single customer accounts for greater than 5% of revenue. The breakdown of sales is: refined fuels (67%), propane (10%), racing fuel (4%), and other oil-based products (1%). Grocery and other convenience store items provide 18% of sales.

About United States Oil & Gas Corp (PINKSHEETS: USOG) United States Oil & Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. We made our first acquisition, Turnbull Oil, in May 2009, and our second, United Oil & Gas, Inc., in January 2010. In addition to our acquisition strategy, we intend to acquire and/or develop and deploy proprietary technologies that will explore or extract oil and gas trapped in the earth using the latest technologies that create the smallest ecological footprint as possible. Additional information can be found on the Company's website, ::..Welcome to US OGC..::.

[FeaR HaZe]

i looked into this stock and it seems promising but i don't seem to see anything they have in the pipeline to be promising or to carry such a big move. If you could please elaborate on your thoughts because i am def interested.

[Chuck.W]

(OTC: USOG) to Benefit as Natural Gas Sector Continues to Climb


Note to Editor, the Following Is an Investment Opinion Issued by the IO News Wire.
NEW YORK, NY, Feb 18, 2010 (MARKETWIRE via COMTEX) -- United States Oil & Gas Corp (PINKSHEETS: USOG) released earlier this week an update on their growing base of customers and their robust distribution system.
A breakdown of United States Oil & Gas (USOG) sales figures shows natural gas accounting for nearly 70% of overall revenue without one single client accounting for more than 5% of total sales. Natural gas provides nearly a 40% mark-up (industry average) from distribution to customer, ensuring better profit margins to USOG compared to competitors with a lower percentage of overall sales of natural gas. The sustained lower temperatures in the upper mid-west should keep sales up throughout the remaining quarter.

USOG has the capability to store over 100,000 gallons of refined fuels with the ability to branch out to an additional 6 acres adjacent to its current location leaving them flexible to a sharp increase in demand.

[stocksamongus]

United States Oil and Gas Corp. (USOG) acquires and drives the growth of profitable small to mid-sized oil & gas services companies with strong revenue, proven management and established market share. USOG also develops innovative proprietary oil & gas exploration and extraction technologies that can increase production while minimizing environmental impact. In May 2009 USOG acquired Kansas-based Turnbull Oil, a profitable, family run oil and gas distributor with a 44 year track record. Wholly owned Turnbull Oil generated $16.5 million in revenue and $447,000 in EBITDA in fiscal year 2008. USOG reported strong financial performance for the quarter ended September 30, 2009 with Turnbull Oil generating $3,500,000 in sales revenue and $591,000 in net profit. USOG announced that its second acquisition, that of United Oil & Gas (United) was completed as of January 1, 2010. United is a seller of diesel, race gasoline, propane and lubricants. It has a customer base of over 400 customers that include regional businesses, farms and private residences. It is forecasting a turnover of $8 million for the year ending 2009, up $1 million from 2008 figures.

[stocksamongus]

my only thoughts are that it's doing well today.

over 20,000,000 shares sold (10 DAY MA 3,000,000+) Last trade @.0019 HOD .0195 up +20%

[greencat]

USOG chart

[FeaR HaZe]

i have invested in this stock and hoping for it to come out successful. its seems to have allot of good in the pipeline.

[scmfinance]

USOG looking good for Monday. Volume was HUGE and it made a nice move above the 50 and 200 MAs

[Klipper22]

Here's an article that I wrote my my friend at allpennystocks this morning when I saw it starting to move.

Junior Oil & Gas Services Company Shrugs off Rising Oil Prices and Vies for a Technical Breakout

There is probably not a single investor that isn’t aware of what is going on with the price of oil recently and the factors of oversea turmoil that is driving the costs higher. Conflict in Egypt, then Libya and now mumblings about what could happen with Saudi Arabia is perpetuating a cycle that has caused wholesale oil prices to surge more than 20 percent in the last month.

While many oil and gas services companies are feeling the pain of climbing prices in the black gold, Austin, Texas-based United States Oil and Gas Corp. (Pinksheets:USOG) is actually seeing sales revenues climb. USO&G is an oil and gas products, services and technology company that markets and distributes refined oil and gas, including diesel, gasoline, propane, high octane racing fuels and lubricants, to wholesale and retail customers in the United States. The Company issued news today reiterating that their strong business strategies are not only rendering it immune to damages from the rise in oil costs, but, conversely, the Company saw a rise in sales revenue in February. Its North Dakota subsidiary also saw its propane sales outperform the hike in propane wholesale costs as well.

From a technical standpoint, the USOG chart finds itself in a very long symmetrical triangle pattern that began more than five months ago. As happens on many occasions when a triangle drags out for a long period of time, a tight trading channel forms and that is exactly what is going on with USOG as it is stuck in a range between $0.0021 and $0.0028. A break from this channel may be in the making, though, as volume is pouring in today and the share price rose to touch $0.003 in early morning trading before pulling back to $0.0026.

A move upward that holds $0.003 would be quite substantial for the USOG chart as it not only breaks the top of the short channel, but also the long-term triangle as well as moving above both the 50 and 200 day simple moving averages; all very bullish in the overall picture of the chart. Other classic and widely-used indicators such as the Moving Average Convergence/Divergence (MACD) and the Relative Strength Index (RSI) appear to be turning bullish as well if the stock price can hold the trend shift from this morning. The MACD is trending very close to zero, often referred to as “the money line,” because of the tendency to see a climb in share price when that MACD pushes above it from the underneath side. The RSI’s are supporting possible upward movement as both the shorter and longer term RSI’s, RSI(7) and RSI(21), are registering readings greater than 50 and moving upward.

As the moving averages continue to converge together, the stock price channel may be becoming exhausted and the candles could be warming up for a larger move. On any pullback, the support level at $0.0021 must hold or the likelihood of the value of a share testing $0.0018 is probable, but for now, technical traders will have their focus on a break above the 200 day moving average and a close that finishes a day on top of the channel; above $0.0028 to break some long-standing markers that are establishing themselves as stubborn resistance. With business apparently moving along smoothly for United States Oil and Gas, traders of all types just may see USOG hitting their watchlists in the near future as the technical and fundamentals seem to be heading the right direction.

[scmfinance]

nice article. it moved above .003 and held .003. looking forward to monday