Del Mar, CA -- United States Oil & Gas Corporation today announced one of its pending acquisitions, United Oil. On a year-to-date basis through October 31, 2009, gasoline sales at its convenience outlet increased by 35%. Sales grew by 74%. It seems that despite the rise in oil prices, demand remains inelastic as customers are neither cutting back on driving nor on heating their homes.
The acquisition is expected to close before year-end. Under the terms of the agreement, which will go into effect January 1, 2010, United will be a wholly owned operating subsidiary of USOG.
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StockSource.us (http://www.stocksource.us/focus-stock/penny-stocks/penny-stock-picks-focus-mundus-USOG.html) Reports on Stocks to Watch:
United States Oil & Gas Corp. (Other OTC: USOG), The Walt Disney Co. (NYSE:DIS), Merck & Co. Inc. (NYSE:MRK), Nortel Inversora S.A. (NYSE:NTL), Rex Energy Corp. (NASDAQ:REXX), Abraxas Petroleum Corp. (NASDAQ:AXAS), Cubic Energy Inc. (AMEX:QBC), Wells-Gardner Electronics Corporation (AMEX:WGA), Harvest Energy Trust (NYSE:HTE)
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United States Oil & Gas Corp.
(Other OTC: USOG)
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Other Stocks to Watch:
The Walt Disney Co.
(NYSE:DIS)
The Walt Disney Company, together with its subsidiaries, is a diversified worldwide entertainment company.
Merck & Co., Inc.
(NYSE:MRK)
Merck & Co., Inc. (Merck) is a global research-driven pharmaceutical Co.that discovers, develops, manufactures and markets a range of products to improve human and animal health.
Nortel Inversora S.A.
(NYSE:NTL)
Nortel Inversora S.A. (Nortel) was organized by a consortium of Argentina and international investors to acquire a controlling interest in the common stock of Telecom Argentina STET-France Telecom S.A. (Telecom Argentina and together with its subsidiaries, the Telecom Group).
Rex Energy Corporation
(NASDAQ:REXX)
Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin and the Appalachian Basin.
Abraxas Petroleum Corp.
(NASDAQ:AXAS)
Abraxas Petroleum Corporation (Abraxas) is an independent energy company primarily engaged in the development and production of natural gas and crude oil.
Cubic Energy, Inc.
(AMEX:QBC)
Cubic Energy, Inc. (Cubic) is an energy company engaged in the development, production and exploration of crude oil, natural gas and natural gas liquids.
Wells-Gardner Electronics Corporation
(AMEX:WGA)
Wells-Gardner Electronics Corporation (Wells-Gardner) is a distributor and manufacturer of liquid crystal displays (LCDs), color video monitors and other related distribution products for a variety of markets including, but not limited to, gaming machine manufacturers, casinos, coin-operated video game manufacturers and other display integrators.
Harvest Energy Trust
(NYSE:HTE)
Harvest Energy Trust (Harvest) is an integrated energy trust with its petroleum and natural gas business focussed on the operation and development and assets in Western Canada.
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