Wall Street News Alert's "stocks to watch" this morning are: Unicorp Inc., (OTCBB: UCPI), Schlumberger (NYSE: SLB), AeroVironment, Inc. (NASDAQ: AVAV) and XTO Energy Inc. (NYSE: XTO).
Unicorp Inc., (OTCBB: UCPI) has issued additional news concerning its North Laurel Ridge Prospect that should appeal to aggressive investors this morning! Yesterday after the markets closed, the company (engaged in the acquisition, development, exploration and production of crude oil and natural gas) issued a press release announcing that it has again increased its working interest position in its North Laurel Ridge Prospect located in Iberville Parish, Louisiana from 12% to 21%.
This could be good news for the company. According to the press release, the log indicated 15 feet of oil pay in the Cibicides hazzardi sand and the estimated reserves are unknown. Unicorp will not know the new expectations until it has completed the well and begins producing. It is still anticipated that gross oil production will be approximately 400 barrels of oil per day. Operations to complete the well are now expected to begin within two weeks.
Wall Street News Alert is continuing to alert investors to monitor the progress of Unicorp as the company continues to release positive news! Unicorp now has a 21% working interest and an approximate 16% net revenue interest in the well.
"We believe the cost forward economics make sense for us to again increase our position," stated Arthur Ley, COO of Unicorp. "There is slightly more risk in this well due to the fact that we do not have porosity logs across the zone of interest."
Earlier this month, the company announced that its St. Martinville Prospect located in St. Martin Parish, Louisiana has been drilled to 7000 feet to date. The directional drilling phase has started and will be drilled to a depth of approximately 13,000 feet to test the Marg Tex-3 sands as seen in the Trinity Resources Ranzino Well No. 1. Mr Ley stated in that press release, "We believe that we will be finished drilling and should be logging the well within three weeks at which time we will know if the well is successful." Total reserves are estimated to be 1,000,000 barrels of oil and Unicorp will have an 18.5% net revenue interest.
Before the news hit the wires, Unicorp's stock closed yesterday at Thirty Eight cents a share.
For an in-depth, updated profile of Unicorp, visit:
http://www.thenewssvc.com/UCPI012307.html
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.
Highlighted Links FREE Email Alert Service
Our Home Page
In case you are not familiar with the company: Unicorp, Inc is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.
Schlumberger (NYSE: SLB) up 4.3% on 13.5 million shares traded.
Schlumberger is one of the leading oilfield services companies.
AeroVironment, Inc. (NASDAQ: AVAV) up 40.7% on 6.8 million shares traded.
AV designs, develops, produces and supports a technologically advanced portfolio of unmanned aircraft systems (UAS) and fast charge systems.
XTO Energy Inc. (NYSE: XTO) up 1.5% on 5.6 million shares traded.
XTO Energy Inc. is a domestic energy producer engaged in the acquisition, development and discovery of quality, long-lived oil and natural gas properties in the United States.
Market Commentary:
"One analyst said that tech is doing well on news of corporate profits for 2006 and the expectation that companies will spend on tech upgrades, both hardware and software, in 2007. Sun Microsystems Inc. and Intel Corp. announced an alliance that will have Sun's servers running on Intel's chips," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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 undervalued and 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 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
WSNA is a Platinum Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For their free service, Visit www.qualitystocks.net.
*** 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 present and future services, WSCF has been compensated a total of Thirty Two Thousand Dollars, by the company, in 2007. WSCF was compensated a total of Three Hundred and Four Thousand and Five Hundred Dollars in 2006 for past coverage of Unicorp, Inc. (OTCBB: UCPI), by the company, for services provided including dissemination of company information in this release. In 2004 and 2005, WSCF was compensated for previous services performed for Unicorp, Inc. 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 email: Email Contact URL: http://www.wallstreetnewsalert.com Company: Wall Street News Alert
SOURCE: Wall Street News Alert