Wall Street News Alert: KALG Is Monday’s Stock to Watch! April 23, 2007
Wall Street News Alert’s “stocks to watch” this morning are: KAL Energy (OTCBB: KALG), Petroleo Brasileiro (NYSE: PBR), Suncor Energy (NYSE: SU) and ENSCO International Inc. (NYSE: ESV).
KAL Energy, Inc. (OTCBB: KALG) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Friday after the markets closed, the company issued a press release announcing that a well-respected firm, TRI-STATE Capital (TSC), has initiated a new upgraded rating on KALG to “Outperfom,” and raising its 12-month target price from $3.30 to $4.00.
This is great news, and comes at a time when the company has found a new coal seam on one of their concessions. This new seam was discovered during the company’s $2 million drill program. The new seam is approximately 1.5 meters thick, with the extent and quality to be determined by further drilling. Management plans to complete Phase I of drilling by the second quarter of 2007.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of KAL Energy! KAL Energy’s wholly owned subsidiary Thatcher Mining Pte. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O’Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today, Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton.
Continue to watch this company. TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. The entire independent, original research report is available through the profile below.
Before the news was released, KLAG closed Friday at $1.11 a share.
For Wall Street News Alert’s in-depth profile of KAL Energy, visit http://www.WallStreetNewsAlert.com/HotStocks/KALG042207/default.aspx
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.
Petroleo Brasileiro (NYSE: PBR) up 1% on 2.3 million shares traded.
Petroleo Brasileiro S.A., through its subsidiaries, engages in the exploration, exploitation, and production of oil from reservoir wells, shale, and other rocks. The company supplies oil, liquefied natural gas, and natural gas to refineries in Brazil, as well as sells surplus production in Brazil and foreign markets.
Suncor Energy (NYSE: SU) up 1.9% on 2.6 million shares traded.
Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor’s oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout western Canada produce natural gas.
ENSCO International Incorporated (NYSE: ESV) up 0.1% on 3.4 million shares traded.
ENSCO, headquartered in Dallas, Texas, owns and operates a modern fleet of offshore drilling rigs servicing the petroleum industry on a global basis.
Market Commentary:
“Google enhanced technology stocks after it reported late Thursday a 69 percent jump in first-quarter profit to exceed analyst expectations. The results helped reassure some investors who had grown cautious about tech growth, and sent Google up $10.83, or 2.3 percent, to $482.48,” stated Sonja Rudd in Wall Street News Alert’s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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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 Fifteen Thousand Dollars for coverage of KAL Energy (OTCBB: KALG), by a third party (Onyx Consulting Group LLC), 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 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
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