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".
Tim Foust, US Energy Holdings, Inc.'s new President added "US Energy Holdings, Inc. will focus on the acquisition of long-life proven resources that offer the opportunity to increase current production on producing wells as well as begin new production on acquired properties for sites located through new technology".
Most Recent Press Release
HOUSTON, TX, Mar 31, 2006 (MARKET WIRE via COMTEX) -- US Energy Holdings, Inc. (USEH) 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.
Due to the fires in North Texas, the South Texas natural gas wells should see a significant increase in supply and demand. As published by KansasCity.com (The Kansas City Star) in the midday report of March 28th, the price has risen another three cents per 1,000 cubic feet bringing today's price to $7.12 USD. The International Council for Capital Formation in the United Kingdom also stated "...there will be an average increase of 41% of natural gas prices by 2010..." Due to this demand, US Energy Holdings, Inc. will launch a full aggressive drilling program.
This stock has begun to MOVE!! With price of oil at sitting at $72.50, companies in the oil drilling sector poised to make substantial profits!!
USEHE is trading at 6 week highs. The price chart pattern for this stock is trending HIGHER and trading volume is noticeably stronger!!
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.
May 1 Press Release from USEHE after close of Market ...
HOUSTON, TX--(MARKET WIRE)--May 1, 2006 -- US Energy Holdings' (OTC BB:USEHE.OB - News) CEO Claude Eldridge is proud to announce the secured financing of 100 million USD. These funds are immediately available to be used for any acquisitions for the growth of US Energy Holdings, to get a secure foothold in the rapid growing energy market. This will allow our aggressive acquisition team to act promptly on prime future locations as well as current acquisitions. With these funds available, US Energy Holdings will become a name to be recognized in the Independent Energy Sector. We extend the invitation to other small energy related companies interested in mergers and joint-acquisitions to contact us via our Corporate Offices at 281-315-8895.
I've felt strongly that USEHE shares are being accumulated since my shares were purchased April 18th. The visible evidence of the oil industry's mammoth earnings creates fantastic opportunities for aspiring, emerging energy companies to participate in the profitability. I trade primarily from technical analysis and tapped USEHE as a trade with significant upside potential.
-------------------- “Money itself isn't lost or made, it's simply transferred from one perception to another." Posts: 540 | Registered: Mar 2006
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