Wall Street News Alert's "stocks to watch" this morning are: Grifco International, Inc. (PINKSHEETS: GFCI), Weatherford International Ltd. (NYSE: WFT), GlobalSantaFe Corporation (NYSE: GSF) and Ceradyne, Inc. (NASDAQ: CRDN).
Grifco International, Inc. (PINKSHEETS: GFCI) has released news that could signify a new opportunity for aggressive investors. The company, a leading provider of oil and gas services equipment, issued a press release Tuesday after the markets closed, announcing that it has formed a new profit center, Precision Drilling Inc., to act as the prime drilling contractor for the 208 gas wells to be spudded in Crockett County, Texas.
The new profit center will be incorporated in Nevada with 51% ownership retained by the Company and 49% ownership by Ronnie Taylor and his family located in Midland, TX.
The drilling rig and equipment list of the new company has a total value of $1,800,000.
The news could represent a great benefit to the company. Jim Dial, President, stated, "We are pleased that Ronnie Taylor and his family have joined our team. With our own drilling program in place, we have fast tracked our operations, cutting out costly down time. With over 208 drill sites on target, it didn't make sense to outsource with third party rig operators with no vested interest in the project."
The first Precision Drilling project will be the spudding of 7 gas wells in Crockett County, TX. There will be a total of 208 gas drill sites to be spudded under options granted to the Company. Spudding will commence immediately following the grant of drilling and water permits.
Wall Street News Alert initiated coverage of the company in December, and continues to recommend that aggressive investors monitor the company's progress! Grifco's patented products are known and used throughout the world. In addition to its patented tools, Grifco designs and manufactures over 350 products for the Oil and Gas industry with a clientele boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger.
Take the initiative and look at the in-depth profile below. This company is worth following and could represent a remarkable opportunity. Which sounds more appealing, a company who drills for oil, or "THE" company that supplies over 350 products to the Oil and Gas industry?
Prior to the latest press release, the stock closed Tuesday at around Six cents a share.
For an in-depth profile of Grifco International, visit http://www.thenewssvc.com/GFCI010907.html
In case you are not familiar with the company: Grifco International Inc. is a leading provider of oil and gas services equipment, specializing in the conception, design, and development of tools for the coil tubing, wire line and snubbing industry throughout the US, China, Mexico and South America.
Highlighted Links FREE Email Alert Service
Our Home Page
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.
Weatherford International Ltd. (NYSE: WFT) up 0.6% on 8.4 million shares traded. Weatherford is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry.
GlobalSantaFe Corporation (NYSE: GSF) down 1.6% on 6.8 million shares traded. GlobalSantaFe is a leading provider of offshore oil and gas drilling and drilling management services.
Ceradyne, Inc. (NASDAQ: CRDN) up 4.7% on 1.3 million shares traded. Ceradyne develops manufactures and markets advanced technical ceramic products and components for defense, industrial, automotive/diesel and commercial applications.
"Meanwhile, Russia and Belarus are locking horns over oil prices, the pipeline that runs Russian oil across Belarus supplying Poland and Germany is running on empty over the price haggling. It seemed to do little to lift the prices of oil, analyst noted," 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 firstname.lastname@example.org
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. WSCF has been compensated a total of Thirty Thousand Dollars in 2007 for coverage of Grifco International, Inc. (PINKSHEETS: GFCI), by a third party (GDB Media Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release.
WSCF was compensated Fifteen Thousand Dollars for coverage of Grifco International, Inc. (PINKSHEETS: GFCI), by the third party (GDB Media Inc.) in 2006. 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