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Bob Raymond  

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  • Keep Buying 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    An even better article focusing not on GAAP accounting, but what they have in the ground and can produce or sell.

    http://seekingalpha.co...

    P.S. EXCO Resources aggressively added acreage in Q2 2015 in Zavala, Texas. Bodes very well for both MCF and USEG.
    Jul 29, 2015. 02:31 PM | Likes Like |Link to Comment
  • Keep Buying 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    Absolutely! What it means is production is likely to fall off much more slowly because they are opening up the well to run flat out. 24 hour IPs don't mean much if you don't know the choke size.
    Jul 29, 2015. 02:29 PM | 1 Like Like |Link to Comment
  • Keep Buying 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    FYI, the EXCO Resources' Eagle Ford wells on Contango's lease line are on a 10/64 choke. EUR well over 500 BOE per well. Contango is set to add almost 4 million barrels of proven oil reserves, based on their 50% share of the lease, the moment they complete the first well. That's worth over half their market-cap.

    USEG has 30% of the lease. That is worth 6 times their market-cap.

    So much for the 'Efficient Market Theory.'
    Jul 28, 2015. 11:31 PM | 2 Likes Like |Link to Comment
  • Contango Oil And Gas Co. Has Big Upside In The Eagle Ford [View article]
    For those wondering USEG is the microcap with a 30% working interest in Contango's K.M. Ranch and Booth-Tortuga lease.
    May 26, 2015. 03:41 PM | 1 Like Like |Link to Comment
  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    USEG added a successful Buda well in May.

    South Texas well status table:

    Well Name Operator Spud Date Working
    Interest Net Revenue
    Interest Status
    Richard #1 CML 3/16/2015 12.90% 9.87% Producing
    S McKnight 1305B U.S. Enercorp. 3/5/2015 33.33% 24.50% Flowing Back


    Average: 23.12% 17.19%


    On March 16, 2015, CML Exploration, LLC spud the Richard #1 well, targeting the Buda formation. The well was drilled and was completed open hole without fracture stimulation. Production commenced in early May 2015 and the well had a peak early 24-hour flow back rate of approximately 820 gross BOE/D.

    Company getting zero credit for its potential in the Buda, Eagle Ford, and Austin Chalk. The above Buda well had natural fractures and did not require an expensive frack job.
    May 11, 2015. 04:18 PM | Likes Like |Link to Comment
  • U.S. Energy Is The Way To Play The Buda Oil Discovery [View article]
    USEG announced another successful Buda well announced today. Production started in early May.

    South Texas well status table:

    Well Name Operator Spud Date Working
    Interest Net Revenue
    Interest Status
    Richard #1 CML 3/16/2015 12.90% 9.87% Producing
    S McKnight 1305B U.S. Enercorp. 3/5/2015 33.33% 24.50% Flowing Back

    Average: 23.12% 17.19%

    On March 16, 2015, CML Exploration, LLC spud the Richard #1 well, targeting the Buda formation. The well was drilled and was completed open hole without fracture stimulation. Production commenced in early May 2015 and the well had a peak early 24-hour flow back rate of approximately 820 gross BOE/D.
    May 11, 2015. 04:14 PM | Likes Like |Link to Comment
  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    USEG is down to $2 million in net debt. They have 12,000 net acres in the Bakken and Eagle Ford held by production. They have hundreds of BOE/pd of very mature long-life wells with very low decline rates.

    Perfect long-term option for anyone who believes oil prices are heading back up.
    Feb 24, 2015. 09:22 AM | Likes Like |Link to Comment
  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    You actually way overstate the liabilities for USEG. You ignored their $4.3 million in cash at 09/30/2014. You also ignored their $6.7 million in accounts receivable (mainly from Statoil and Contango).

    The actual net liabilities for USEG is only $5 million. That gives them a debt to equity ratio of 1 to 23. It also gives them a liabilities to revenue ratio of 1 to 8. No one will find better ratios than that in the oil and gas sector regardless of the size of the stock.
    Jan 21, 2015. 03:37 PM | Likes Like |Link to Comment
  • Buy These 5 Small-Cap Oil Stocks With Low Debt Levels [View article]
    Your didn't mention that USEG had $4 million in cash and since the end of the quarter has paid their debt down by $2 million.

    The $16 million figure you show for them should be adjusted to $14 million.
    Jan 20, 2015. 09:13 AM | 4 Likes Like |Link to Comment
  • EXCO Resources Plans To Tap Oil In Buda Formation [View article]
    USEG has a balance sheet worth over $100 million. It also has a PV=10 Value worth over $100 million. It is a $100 million company currently on a 50% off sale on the NASDAQ.
    Nov 25, 2014. 06:58 AM | Likes Like |Link to Comment
  • EXCO Resources Plans To Tap Oil In Buda Formation [View article]
    I guess U.S. Energy (USEG) is now too low to be mentioned in a Seeking Alpha article.

    Just a heads up. USEG is trading for a little over $50 million with almost no debt. They have a 30% working interest in Contango's leases in Zavala and Dimmit. In the third quarter they posted record production of 1,550 BOE a day mainly from the Buda.
    Nov 18, 2014. 12:27 PM | 2 Likes Like |Link to Comment
  • Contango Oil And Gas: Take A Good Hard Look At This Misunderstood, Undervalued SMID E&P Company [View article]
    Contango has held up pretty well in during the oil stock route the last few weeks.

    USEG has gotten killed. After Contango's conference call the analysts felt good they were going to focus on booking higher reserves by drilling Eagle Ford wells in Zavala and Dimmit. USEG's shareholders for some odd reason heard that and sold the stock.

    I guess they forgot the Buda oil in the ground isn't going anywhere.
    Nov 14, 2014. 09:57 AM | 1 Like Like |Link to Comment
  • 3 Stocks With Lots Of Upside From A New Oil Discovery Under The Eagle Ford [View article]
    Chesapeake sold their Buda land to EXCO Resources (XCO). Both USEG and XCO are trading with no value for the Buda despite 20 great Buda wells drilled in the area. A dozen were drilled by USEG and they have almost no debt. Crazy market right now.
    Nov 14, 2014. 09:40 AM | Likes Like |Link to Comment
  • Contango And U.S. Energy Are In Austin Chalk Sweet Spot [View article]
    I wish they would drill an Austin Chalk well. Cheaper than the Buda and just as successful.
    Nov 14, 2014. 09:37 AM | Likes Like |Link to Comment
  • Chesapeake Joining Buda Oil Rush In South Texas [View article]
    Amazing how great some of these Buda wells are. USEG is now priced below the value of their Bakken oil. The Buda is free.
    Nov 14, 2014. 09:36 AM | Likes Like |Link to Comment
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