Del Mar, CA – United States Oil & Gas (USOG), the growing oil and gas service company, will look to focus on the domestic oil market and intends to grow through strategic acquisitions. USOG acquires and drives the growth of profitable, small and medium, sized oil & gas services businesses.
One acquisition was that of Turnbull Oil which generated $16.5 million in the 2008 fiscal year, with figures for 2009 to follow shortly. A regional distributor of oil and gas products with over 300 customers, Turnbull Oil supplies diesel, gasoline, propane and lubricants. This is aiding USOG to remain profitable and to show growth despite the downward economy.
Another acquisition was that of United Oil of Bottineau, North Dakota. The agreement came into effect January 1, 2010 and makes United a wholly owned subsidiary of USOG.
United is a profitable oil and gas distribution company that sells diesel, race gasoline, propane and lubricants to over 350 customers. Current management of United has over 30 years of experience and is contracted to stay on for a minimum of 5 years.
USOG also develops innovative proprietary oil and gas exploration and extraction technologies that not only increase production but also minimize environmental impacts.
The company is confident they can penetrate the market and garner a larger share of the market and forecast that they are on a fast paced growth trajectory.
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United States Oil & Gas Corp. (Other OTC: USOG), Ford Motor Company (NYSE:F), EMC Corporation (NYSE:EMC), Xerox Corporation (NYSE:XRX), Alcoa Inc. (NYSE:AA), Motorola, Inc. (NYSE:MOT), Las Vegas Sands Corp. (NYSE:LVS)
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United States Oil & Gas Corp.
(Other OTC: USOG)
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Other Stocks to Watch:
Ford Motor Company (NYSE:F)
Ford Motor Company (Ford) is a producer of cars and trucks
EMC Corporation (NYSE:EMC)
EMC Corporation (EMC) develops, delivers and supports the information technology (IT) industry’s range of information infrastructure technologies and solutions.
Xerox Corporation (NYSE:XRX)
Xerox Corporation (Xerox) is engaged in developing, manufacturing, marketing, servicing and financing a range of document equipments, software, solutions and services.
Alcoa Inc. (NYSE:AA)
Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined
Motorola, Inc. (NYSE:MOT)
Motorola, Inc. provides technologies, products and services for mobile phones.
Las Vegas Sands Corp. (NYSE:LVS)
Las Vegas Sands Corp (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian Las Vegas)
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