SOURCE: Wall Street News Alert

Wall Street News Alert

August 27, 2010 09:13 ET

Wall Street News Alert: Breaking News: Proper Power and Energy -- August 27, 2010

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding

WESTON, FL--(Marketwire - August 27, 2010) - Wall Street News Alert's "stocks to watch" this morning are: Proper Power and Energy, Inc. (OTCBB: PPWE), Exxon Mobil Corporation (NYSE: XOM), BP plc (NYSE: BP) and Chevron Corp (NYSE: CVX).

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Yesterday, Proper Power and Energy, Inc. (OTCBB: PPWE) issued a press release announcing that it has entered into negotiations to acquire two shallow wells; one in Texas and one in Kentucky. The acquisitions will allow for more assets and revenues on the Company's books.

"The completion of this acquisition will represent a significant increase in the Company's asset value," stated Joseph Abdo, Proper Power CEO. "Shareholder value is generated not only with increased cash flow and profit but with increased asset value."

The stock closed yesterday at Six cents a share.

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Exxon Mobil Corporation (NYSE: XOM) down 0.7% on 22.3 million shares traded.
Exxon Mobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world's growing energy needs.

BP plc (NYSE: BP) up 0.4% on 12 million shares traded. BP is one of the world's largest energy companies, with interests in more than 100 countries and over 96,000 employees.

Chevron Corp (NYSE: CVX) down 1% on 8.1 million shares traded.
Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide.

Market Commentary:
Today, the Commerce Department will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.

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