Wall Street News Alert's "stocks to watch" this morning are:
Bayside Petroleum Company, Inc. (PINKSHEETS: BYSD), American
International Group, Inc. (NYSE: AIG), Patriot Coal Corp. (NYSE:
PCX) and ConocoPhillips (NYSE: COP).
To receive FREE Mobile Stock Alerts formatted especially for
your cell phone, text the word "press" in the subject line to
68494.
*** This free service can be discontinued at any time by
replying to any one of the alerts with the word "stop."
For more information, please visit www.WallStreetNewsAlert.com
and you can also follow Wall Street News Alerts on Twitter at
http://twitter.com/wsna.
This month, Bayside Petroleum Company, Inc. (PINKSHEETS: BYSD)
announced the signing of a Letter of Intent covering the
acquisition through a merger with Nueces Valley Resources, Inc. Now
the company has issued additional news. Yesterday after the markets
closed, the company provided a summary of its expanded oil &
gas project interests in recent months.
According to the press release, the company has increased its
interests in all of the fields in which it held interests, and has
also acquired initial interests in two additional prospects. The
Company also reports that it chose not to proceed with the purchase
of interests in the Salt Flat and Coleman County projects that it
had earlier classified as Option Properties.
Based on its analysis of reserves and the potential for
production increases via its reworking, well rehabilitation and EOR
(enhanced oil recovery) procedures, Bayside has increased and/or
initiated its ownership interests in several promising projects.
Please refer to yesterday's press release for a list of the
projects and complete details.
On September 1st, 2009 Bayside Petroleum announced the signing
of a Letter of Intent covering the acquisition through a merger
with Nueces Valley Resources, Inc., also based in Dallas. The
merger of the two companies is expected to be successfully
concluded during September 2009 after the execution of a Sales and
Plan of Merger Agreement and the approval of the shareholders of
both companies.
Mr. Gordon H. Johnson, President and CEO of Bayside Petroleum,
comments: "The acquisition of Nueces Valley Resources through a
friendly merger represents a milestone in Bayside's growth plans,
as it will immediately expand petroleum reserves and monthly
production revenues as well as increase Bayside's development
potential in the near term."
That press release stated that NVR owns and manages oil
production of approximately 100 barrels per day in South Texas
(Dimmit, Frio, Zavala and LaSalle Counties) and in N.E. Kansas
(Douglas, Franklin and Miami Counties). NVR is the manager of a
number of joint ventures that own interests in these wells. The
wells in Texas number 34 and a number of them are candidates for
rework and/or re-completion to enhance the daily production rates.
The wells in Kansas number approximately 200 and produce oil from
shallow depths, ranging from 300' to 950'. Every project in Kansas
is a candidate for waterflooding (secondary recovery), which when
installed, significantly increases the daily production rates.
The stock closed yesterday at Eighty Five cents a share.
For a previous, in-depth profile of Bayside Petroleum Company,
visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=BYSD_091409.
American International Group, Inc. (NYSE: AIG) up 9.4% on 55.6
million shares traded.
American International Group, Inc. is a world leader in
insurance and financial services, is the leading international
insurance organization with operations in more than 130 countries
and jurisdictions.
Patriot Coal Corporation (NYSE: PCX) up 21.7% on 13.7 million
shares traded.
Patriot Coal Corporation is a leading producer and marketer of
coal in the eastern United States, with 14 current mining complexes
in Appalachia and the Illinois Basin.
ConocoPhillips (NYSE: COP) up 1.3% on 11.1 million shares
traded.
ConocoPhillips is an integrated petroleum company with interests
around the world.
Market Commentary:
On Monday, Eli Lilly & Co. reported it will eliminate 5,500
jobs over two years and reorganize into five business units, as the
company looks to cut costs and bring new drugs to market more
quickly as its best-sellers go off-patent.
Let Wall Street News Alert help advertise for your company using
our effective awareness campaigns. If you're interested in telling
your story, we can help. Contact us at
info@wallstreetnewsalert.com.
WSNA's email alert service is free to those investors who sign
up on the WSNA home page. The alert service is designed to notify
investors of often-overlooked stocks. Subscribers are introduced to
Special Situation companies that have the potential of showing
increased activity. The Wall Street News Alert home page has
experienced over 200 million hits. To subscribe to this free
service, visit the Wall Street News Alert home page at
http://www.wallstreetnewsalert.com.
*** It has come to the attention of Wall Street News Alert
(WSNA), that various persons or companies distribute faxes bearing
similar names to Wall Street News Alert. Wall Street News Alert is
not affiliated with faxes bearing names such as: Wall Street Stock
Alert, Wall Street Investor Alert, Wall Street News Alert or any
other fax using various combinations of the generic words Wall
Street.***
Wall Street News Alert is a division of Wall Street Capital
Funding LLC (WSCF). WSCF also maintains a contractual, working
relationship with Stock Market Alerts LLC and its' Wall Street
Enews brand. WSCF is not a registered broker/dealer and may not
sell, offer to sell or offer to buy any security. WSCF profiles are
not a solicitation or recommendation to buy, sell or hold
securities. An offer to buy or sell can be made only with
accompanying disclosure documents from the company offering or
selling securities and only in the states and provinces for which
they are approved. The material in this release is intended to be
strictly informational. The companies that are discussed in this
release have not approved the statements made in this release nor
approved the timing of this release. All statements and expressions
are the sole opinion of WSCF and are subject to change without
notice. Information in this release is derived from a variety of
sources including that company's publicly disseminated information,
third parties and WSCF research. The accuracy or completeness of
the information is not warranted and is only as reliable as the
sources from which it was obtained. WSCF disclaims any and all
liability as to the completeness or accuracy of the information
contained and any omissions of material fact in this release. The
release may contain technical inaccuracies or typographical errors.
It is strongly recommended that any purchase or sale decision be
discussed with a financial adviser, or a broker-dealer, or a member
of any financial regulatory bodies. Investment in the securities of
the companies' discussed in this release is highly speculative and
carries a high degree of risk. WSCF is not liable for any
investment decisions by its readers or subscribers. Investors are
cautioned that they may lose all or a portion of their investment
if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF
has been compensated for dissemination of company information on
behalf of one or more of the companies mentioned in this release.
For current services performed for Bayside Petroleum Company, Inc.
(PINKSHEETS: BYSD), WSCF has been compensated a total of Fifteen
Thousand Dollars by third party, Alexander Grant and Associates
Inc., who is non-affiliated and may hold a significant position in
the stock. WSCF holds no shares of the stock. WSCF may receive
additional compensation for extension of its services. Any
additional compensation will be disclosed at such time that WSCF is
aware of a client's desire to extend the original services. WSCF
may have received shares of a company profiled in this release
prior to the dissemination of the information in this release. WSCF
may immediately sell some or any shares in a profiled company held
by WSCF and may have previously sold shares in a profiled company
held by WSCF. WSCF's services for a company may cause the company's
stock price to increase, in which event WSCF would make a profit
when it sells its stock in a company. In addition, WSCF's selling
of a company's stock may have a negative effect on the market price
of the stock.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and WSCF undertakes no
obligation to update such statements.
Contact: Company: Wall Street News Alert Contact email: Email
Contact URL: http://www.wallstreetnewsalert.com
Patriot Coal Corp. (NYSE:PCX)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Patriot Coal Corp. (NYSE:PCX)
Historical Stock Chart
Von Jul 2023 bis Jul 2024