As I mentioned in my
last post on U.S. Energy Corp. (Nasdaq:
USEG), adding in the proceeds from the sale of most of its stake in Sutter Goldmining Inc., USEG currently has about $79 million in net cash and Treasuries. Intraday, its market cap is currently under $66 million. I just put in a limit order to add to my position.
Filled at $2.78. Could have gotten a better price here, but this is lower than my original price of $2.85 and I thought that was pretty cheap. That was also before the deal with Thompson Creek.
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