Weekend Penny Stock Pick – USOG

Business News
Weekend Penny Stock Pick – USOG
Stocks rally on good news

Del Mar 2/20/2010 01:00 PM GMT (TransWorldNews)

Del Mar, CA – United States Oil & Gas Corp (USOG), an oil and gas services company saw a solid run on its stock on Thursday 18th , this on the back of growing confidence in the growing oil company.

The company has recently announced a lot of good news recently including the news that CEO Alex Tawse is to stay on for another 3 years, additions to the board and expansion at one of its subsidiary.

USOG signed an employment agreement with Tawse, for the USOG CEO, to stay for another 3 years which came into effect February 1, 2010. This also coincides with Tawse’ appointment to the board of the company.

David Lindeman, an independent certified public accountant (CPA) based in Austin was also appointed to the board of directors and brings valuable insights and knowledge of public markets and accounting processes to the company. Mr Lindeman’s appointment will enhance the Company’s overall corporate governance practices.

North Dakota based United Oil (United), which became a wholly owned subsidiary at the beginning of the year, is seeing such demand for its product that it is seeking additional storage capacity. The subsidiary has seen sales exceed its storage capacity and will now seek alternative solutions.

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Reports on Stocks to Watch:

United States Oil & Gas Corp. (Other OTC: USOG), Valero Energy Corporation (NYSE:VLO), Marvell Technology Group Ltd. (NASDAQ:MRVL), Macy's Inc. (NYSE:M), U.S. Bancorp (NYSE:USB), Seagate Technology (NASDAQ:STX), Altria Group, Inc. (NYSE:MO)

Featured Stock:
United States Oil & Gas Corp.

(Other OTC: USOG)
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Other Stocks to Watch:

Valero Energy Corporation (NYSE:VLO)
Valero Energy Corporation, incorporated in 1981, owns and operates 16 refineries

Marvell Technology Group Ltd. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products

Macy's Inc. (NYSE:M)
Macy's, Inc. (Macy's) is a retail company that operates retail stores and Internet Websites

U.S. Bancorp (NYSE:USB)
U.S. Bancorp operates as a financial holding company and a bank holding company

Seagate Technology (NASDAQ:STX)
Seagate Technology (Seagate) is engaged in the design, manufacture and marketing of hard disc drives

Altria Group, Inc. (NYSE:MO)
Altria Group, Inc. (ALG) is a holding company. As of December 31, 2008, ALG’s wholly owned subsidiaries included Philip Morris USA Inc