Penny Stock News: United States Oil and Gas Corp (OTCQB: USOG) Discusses 2010 Results of Operations

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AUSTIN, TX–(Marketwire – Apr 25, 2011) – United States Oil and Gas Corp, listed on the OTCQB (OTCQB: USOG) (PINKSHEETS: USOG), which recently filed its 2010 Annual Report on Form 10-K and its financial results for the fiscal year and quarter ended December 31, 2010, has provided additional highlights from the report.

Several key measures improved significantly during the twelve months ended December 31, 2010. The following three elements played a key role in these positive operational changes:

1. Subsidiary operations performed well. Earnings before income taxes, interest expense, depreciation, and amortization (EBITDA) for the combined subsidiaries was $635,000 for the year ended December 31, 2010.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.marketwire.com/mw/release.do?id=1506043&sourceType=3