AUSTIN, TX, December 3, 2009
Grass Roots Research and Distribution Issues "BUY" Rating with $0.15 Target Price for United States Oil and Gas Corp
United States Oil and Gas Corp (Pink Sheets: USOG) a growing oil and gas products, services and technology company, today announced a new research report has been issued on the company by Grass Roots Research and Distribution, Inc., Wall Street's leading independent research firm, with a "BUY" recommendation and a $0.15 long term price target.
For the full report please visit Grass Roots Research and Distribution's website: www.grassrootsrd.com
About Grass Roots Research and Distribution
Led by D. Paul Cohen, Grass Roots Research and Distribution, Inc. is one of Wall Street's ELITE Independent Research Firms. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWLHayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney) and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC)).
Cohen Independent Research Group and Grass Roots Research and Distribution, Inc. includes nine contracted PhD's (three with MD's), two MD's, six CFA's (chartered financial analysts), three with CPA's (certified public accountant) and 21 analysts covering most industries. The backbone of the fundamental research targeted at stock investment includes investigative research into significant corporate events, thorough review of SEC filings, in depth financial analysis, valuations, and management profiles. The Cohen Financial and Valuation Model, an analytical and portfolio management system, is a 100+ page income statement model with 7 equity valuation and 3 cash flow analytical models. The model covers 9,000 public companies.
About United States Oil & Gas Corp.
United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. The Company targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. The Company made its first acquisition, Turnbull Oil, in May 2009.
The Company has tried to identify any forward-looking statements contained in this press release using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.
