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home / news releases / USEG - Old Hedges Are Killing U.S. Energy Corp

USEG - Old Hedges Are Killing U.S. Energy Corp

U.S. Energy Corp.
  • USEG had a $8.344 million total fair value loss on their hedges on their latest balance sheet.
  • Some of its oil is hedged at only $49.99 and $2.96 for natural gas.
  • USEG greatly expanded after merging with three privately held oil and gas producers in January.
  • It is expected to continue to report losses because of their hedge positions.
  • Meme traders drove the stock price up to almost $14 earlier this year.

For further details see:

Old Hedges Are Killing U.S. Energy Corp
Stock Information
Company Name: U.S. Energy Corp.
Stock Symbol: USEG
Market: NASDAQ
Website: usnrg.com
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