(OTC: USOG) to Benefit as Natural Gas Sector Continues to Climb
Note to Editor, the Following Is an Investment Opinion Issued by the IO News Wire.
NEW YORK, NY, Feb 18, 2010 (MARKETWIRE via COMTEX) — United States Oil & Gas Corp (PINKSHEETS: USOG) released earlier this week an update on their growing base of customers and their robust distribution system.
A breakdown of United States Oil & Gas (USOG) sales figures shows natural gas accounting for nearly 70% of overall revenue without one single client accounting for more than 5% of total sales. Natural gas provides nearly a 40% mark-up (industry average) from distribution to customer, ensuring better profit margins to USOG compared to competitors with a lower percentage of overall sales of natural gas. The sustained lower temperatures in the upper mid-west should keep sales up throughout the remaining quarter.
USOG has the capability to store over 100,000 gallons of refined fuels with the ability to branch out to an additional 6 acres adjacent to its current location leaving them flexible to a sharp increase in demand.
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