Del Mar, CA – United States Oil & Gas Corporation (USOG), announced that it has closed the acquisition on United Oil (United), the North Dakota based distributor of refined fuels and other oil based products.
USOG the growing oil and gas products, services and technology company, will now have two wholly owned subsidiary’s. Turnbull Oil was acquired in May 2009 and the company will now look at a strategic relationship between the two acquisitions in 2010.
United’s management, with 30 years of experience, will stay on for a minimum of three years and will continue to build a solid customer base. Last year, United signed 156 new propane customers, 65 in the last quarter alone.
United, a North Dakota Company is also benefiting from increases in propane prices which have risen 90% since summer. The company should also benefit from additional prospecting and drilling that will arise from the Bakken Formation in North Dakota. The Bakken Formation is the largest discovery of oil sine Prudhoe Bay in Alaska
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United States Oil & Gas Corp. (Other OTC: USOG), eOn Communications Corporation (NASDAQ:EONC), Revlon Inc. (NYSE:REV), FSI International Inc. (NASDAQ:FSII), Microtune Inc. (NASDAQ:TUNE), The New York Times Company (NYSE:NYT), Pacific Ethanol Inc (NASDAQ:PEIX)
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Other Stocks to Watch:
eOn Communications Corporation (NASDAQ:EONC)
eOn Communications Corporation (eOn) is a provider of communications solutions.
Revlon Inc. (NYSE:REV)
Revlon, Inc., through its direct wholly owned operating subsidiary, Revlon Consumer Products Corporation manufactures, markets and sells an array of cosmetics, women’s hair color, beauty tools, fragrances, skincare, anti-perspirants/deodorants and personal care products.
FSI International Inc. (NASDAQ:FSII)
FSI International, Inc. (FSI) designs, manufactures, markets and supports equipment used in the fabrication of microelectronics, such as advanced semiconductor devices.
Microtune Inc. (NASDAQ:TUNE)
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The New York Times Company (NYSE:NYT)
The New York Times Company is a diversified media company, including newspapers, Internet businesses, a radio station, investments in paper mills and other investments.
Pacific Ethanol Inc (NASDAQ:PEIX)
Pacific Ethanol, Inc. (Pacific Ethanol) produces and sells ethanol and its co-products, including wet distillers grain, and provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington.
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