USEHE is trading at 6 week highs. The price chart pattern for this stock is trending HIGHER and trading volume is noticeably stronger!!
US Energy Holdings, Inc. is an aspiring South Texas energy resource company with an emphasis on oil and gas development drilling and production. Claude Eldridge, US Energy Holdings, Inc.'s new Chairman / CEO stated today "I am dedicated to the revitalization of jobs in the energy sector, as one of the world's most important subjects it has become increasingly important for our company to invest in our world's resources, technology, and economic future".
HOUSTON, TX, Mar 31, 2006 (MARKET WIRE via COMTEX) -- US Energy Holdings, Inc. (USEHE) is pleased to announce the completion of its Letter of Intent with Adams Ranch to acquire 200 natural gas well sites in Ozona, Texas. All documents should be completed by March 31st, 2006.
OIL INDUSTRY COMMENTARY FROM MARTKETWATCH.COM
HOUSTON (MarketWatch) -- With little in sight to put the brakes on crude prices, equities analysts expect oil companies to once again post record quarterly profits this week when the industry's biggest names open their books. "Given the current market fundamentals we expect average prices for both oil and gas this year to be significantly above 2005 record levels," said Fadel Gheit, an energy analyst at Oppenheimer, an investment bank. "As a result, we expect 2006 earnings to be above 2005 record levels." Oil and gas companies are not only expected to significantly exceed earnings and revenue reported in the first quarter of 2005 but are also likely to surpass analyst expectations because consensus estimates are too low, said Gheit. "We believe consensus earnings estimates are too low, based on oil prices below $59 a barrel and gas prices below $8.53 per million cubic feet," said Gheit in an earnings preview report to clients.