Seeking Alpha
View as an RSS Feed

Bob Raymond  

View Bob Raymond's Comments BY TICKER:
Latest  |  Highest rated
  • Making Short-Term Profits In Oil Shale Stocks - Part 2 [View article]
    USEG has the same model as NOG and is much, much cheaper. Right now they are trading for less than half what NOG trades for on an apples to apples basis. And that values their non oil and gas assets at zero.

    http://seekingalpha.co...

    Someone is going to make a serious profit in USEG. You can also look at EOX and MPET.
    Oct 22, 2012. 12:46 PM | Likes Like |Link to Comment
  • Small Oil Stocks Surging - Time To Look Off The Beaten Path? [View article]
    Josh, you should take a look at U.S. Energy (USEG). Very undervalued with top flight acreage in the Bakken and Eagle Ford.
    Sep 27, 2012. 10:37 PM | Likes Like |Link to Comment
  • 3 Key Reasons Cabot Oil & Gas Is Positioned For Rising Natural Gas Prices [View article]
    USEG has 4,100 net Pearsall Share acres under its Eagle Ford acres and has a marketcap of $60 million. COG has 69,000 net Pearsall Shale acres and has a marketcap of almost $10 billion.

    Proportionally USEG has 10 times the exposure to the Pearsall Shale as COG.
    Sep 27, 2012. 05:29 PM | Likes Like |Link to Comment
  • Bakken Spot Crude Premium To West Texas Intermediate Could Last Into 2013 [View article]
    You should take a look at USEG. By far the most undervalued of the Bakken stocks. It has the most oil production per $1 invested of any Bakken, which means it is the most leveraged to the spike in Bakken crude prices.

    http://seekingalpha.co...
    Sep 21, 2012. 02:05 PM | Likes Like |Link to Comment
  • This $2 Bakken Oil Stock With A $5 Price Target Is Poised For A Short Squeeze [View article]
    I thought this article was about USEG. U.S. Energy is also a $2 Bakken stock with a $65 million market cap and $15 million in total debt.

    Why buy USEG?

    1. The company has over 1,000 Boepd in Bakken production and over 700 Boepd is from mature wells with a much lower decline cureve.

    2. The company has over 4,000 net acres in the Eagle Ford oil window and the operator (CXPO) just announced the key test well derisked the acreage. Chesapeake surrounds them and claims their acreage is worth $30,000 to $50,000 per acre. The Peasall Shale is below the Eagle Ford.

    3. The company has other assets, including a molybdenite mine, that are worth more than the debt and could be worth more than the $65 million the company is trading for. They are working on monetizing the other assets.

    4. Bakken crude is now trading at a premium to WTI and USEG has not budged while the other Bakken stocks have started to take off. Small stocks are often lagards and play catch up.

    http://seekingalpha.co...
    Sep 19, 2012. 06:59 AM | Likes Like |Link to Comment
  • Natural Gas: Is The Injection Season Already In The Rear View Mirror? [View article]
    Unless they turn off the coal to gas switching in the next couple of weeks natural gas will be under the five year average in November.

    It will take prices above $4 to turn off all of the coal to gas switching. This article gives the details:

    http://seekingalpha.co...
    Sep 18, 2012. 10:46 AM | Likes Like |Link to Comment
  • Crimson Exploration Successfully De-Risks Eagle Ford Acreage [View article]
    Slim, Chesapeake did have that in their investor presentation this summer.

    If you apply that to USEG its 4,136 net acres are worth $124 million to $207 million.

    The marketcap on USEG is only $65 million and they have very little debt and over 1,000 Boepd in the Bakken.
    Sep 18, 2012. 10:22 AM | Likes Like |Link to Comment
  • Crimson Exploration Successfully De-Risks Eagle Ford Acreage [View article]
    USEG has over 1,000 Boepd in the Bakken. That is worth more than USEG is trading for. Bakken spot crude oil is trading for $4.25 over West Texas Intermediate oil.

    USEG has over $100,000 per day in revenue just from the Bakken. The Eagle Ford discovery is gravy.
    Sep 17, 2012. 03:20 PM | Likes Like |Link to Comment
  • QEP Resources Pays Top Price For Top Quality Asset [View article]
    Here is an interesting article on the impact of the QEP acquisition on some of the non-operators in the Bakken.

    http://seekingalpha.co...
    Aug 26, 2012. 10:08 AM | Likes Like |Link to Comment
  • QEP Bakken Acquisition Shows Non-Operators Are Very Undervalued [View article]
    They are giving USEG away. They had more production in just the Bakken than any of the three sellers at 1,150 Boepd in the second quarter. How can this company be trading in the $60 million range?

    Here is a good synopsis of what USEG has going on:

    http://seekingalpha.co...


    Aug 24, 2012. 03:13 PM | Likes Like |Link to Comment
  • Bakken Update: Northern Oil & Gas Provides Bullish Reasons To Own Bakken Stocks [View article]
    USEG is in the process of selling the real estate. They are looking at two different options to monetize the mine. One is a federal land exchange the environementalists are working on. USEG would get federal credits to bid on federal oil and gas leases. Those would be easy to monetize to another company.

    Interestingly the mine could be worth double the marketcap. The oil is worth at least double the marketcap.
    Aug 23, 2012. 10:28 AM | 1 Like Like |Link to Comment
  • Apache: Take Advantage Of This Discount Now [View article]
    USEG is trading at a much bigger discount to APA. USEG is over 80% oil with little debt and trades like a natural gas stock that will have trouble raising capital.

    http://seekingalpha.co...
    Aug 22, 2012. 03:30 PM | Likes Like |Link to Comment
  • Bakken Update: Northern Oil & Gas Provides Bullish Reasons To Own Bakken Stocks [View article]
    U.S. Energy (USEG) trades at a fraction of the valuation of NOG even though they have the same business model and a similar profile. USEG going forward has an average working interest of 7%-8% in its Bakken acreage. But, they have taken a stake in the Eagle with a 30% working interest and the key test well flowing back right now.

    http://seekingalpha.co...
    Aug 21, 2012. 01:19 PM | Likes Like |Link to Comment
  • Beyond The Fracking: North Dakota's Other Investments [View article]
    There are other Bakken oil companies that can go up an average of 88% over the next four years like CLR did.

    For example, U.S. Energy (USEG) produced over 99,000 barrels of oil in the second quarter and is trading for only $60 million. The company has almost no debt, lots of non-oil assets, and is growing. They have a potential catalyst in the Eagle Ford with a well currently flowing back.

    http://seekingalpha.co...

    Another example is Voyager Oil and Gas (VOG), while not as undervalued as USeG still trades at a fraction of Triangle Petroleum (TPLM) even though they have adopted a similar business model.

    And TPLM sells at a big discount to Kodiak (KOG).
    Aug 21, 2012. 01:15 PM | Likes Like |Link to Comment
  • Profit In The Eagle Ford Shale - 5 Smaller Companies To Consider [View article]
    USEG has 4,136 net acres in the oil window in the Eagle Ford with Crimson Exploration as the operator. They expect results from a key test well in the next couple of weeks.

    MTDR has acreage right next to USEG in Zavala.

    USEG produced almost 100,000 barrels of oil in the second quarter, has very little debt, and has a marketcap of only $60 million.
    Aug 13, 2012. 02:04 PM | Likes Like |Link to Comment
COMMENTS STATS
88 Comments
65 Likes