ENTI Encounter Technologies Inc (CE)

United States Oil and Gas Corp (PINKSHEETS: USOG) announced yesterday that they have posted positive results on its subsidiaries consolidated quarterly statements.

After a difficult year for oil and gas, and one of the most active merger and acquisition markets in recent years, United States Oil and Gas still turned a profit. PLS Inc and Derrick Petroleum Services, a research and consulting firm, states that the total M&A activity in the 4th quarter of 2009 alone accounted for $75 billion in deals.

PLS went on to state that although oil is more popular worldwide, natural gas was "the dominant commodity" in those deals. This should continue to help United States Oil and Gas to trend higher through 2010 as they look to solidify their base of operations and further expand profitable streams of revenue.

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Other active stocks are Encounter Technologies (PINKSHEETS: ENTI) Ecosphere Technologies (OTCBB: ESPH) and New Gold (AMEX: NGD)

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