Del Mar, CA – United States Oil & Gas Corp (USOG), saw a significant run on its stock in the latter parts of last week, this on the back of recent good news on the company and strong reports on its subsidiary’s.
The company has retained the services of CEO, Alex Tawse for another three years, after Tawse signed a new employment contract on the 1st of February this year. Tawse will also now be a member of the board along with David Lindemann, an independent certified based in Austin. Both have tremendous experience and their valued expertise in various sectors is sure to add value at USOG.
Turnbull Oil, which was acquired in May 2009, generated $4.4m in sales revenue and posted $278 000 in Earnings before Interest, Taxes, Depreciation and Amortization in the fourth quarter of 2009.
The annual audit for the full year 2009 results are in the process of being finalized by a certified Public Oversight Board and will be available shortly.
Alex Tawse, CEO of USOG, commented: "Turnbull's sales exceeded forecasts in large part due to increased demand for its fuels as colder weather gripped much of the Midwest.”
United Oil of Bottineau, North Dakota which USOG purchased in January 2010 is presently seeing demand for its products outstrip its supply capabilities. Good news for parent company, USOG. Financials will follow in the near future.
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United States Oil & Gas Corp. (Other OTC: USOG), General Electric Company (NYSE:GE), Cisco Systems, Inc. (NASDAQ:CSCO), MGM MIRAGE (NYSE:MGM), Alcoa Inc. (NYSE:AA), Micron Technology, Inc. (NASDAQ:MU), Ford Motor Company (NYSE:F)
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Other Stocks to Watch:
General Electric Company (GE) is a diversified technology, media and financial services company.
Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry
MGM MIRAGE is engaged in gaming and resort operations.
Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined.
Micron Technology, Inc. is a global manufacturer and marketer of semiconductor devices, principally dynamic random access memory (DRAM) and Nandi Flash memory (NAND).
Ford Motor Company (Ford) is a producer of cars and trucks. The Company and its subsidiaries also engage in other businesses, including financing vehicles
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