SOURCE: Wall Street News Alert

January 20, 2006 08:39 ET

Wall Street News Alert: Hot Stocks on the Move! January 20, 2006

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

WESTON, FL -- (MARKET WIRE) -- January 20, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Coil Tubing Technology, Inc. (OTC: CTBG), Exxon Mobil Corporation (NYSE: XOM), ConocoPhillips (NYSE: COP) and Valero Energy Corporation (NYSE: VLO).

Coil Tubing Technology, Inc. (OTC: CTBG) may be on the screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a recent spin-off from Grifco International issued a press release announcing that it has been approved by British Petroleum (BP) Rocky Mountain and Mid Continent divisions to supply the patented CTT Subterranean Rotating Device.

News of the approval could get the attention of investors! The Subterranean Rotating Device, known to the coil tubing industry as the Rotating Tool, is the only tool on the market that can mechanically induce multiple rotations on each cycle. "The Rotating Device will be utilized on BP wells to remove Coil Tubing string hang offs," stated Jerry Swinford, President of Coil Tubing Technology. "The use of the mechanically operated Rotating Tool eliminates the need for fluid to be brought onto the well location, which eliminates the cost and disposal of fluid contaminants."

Investors should continue to monitor the progress of Coil Tubing! According to the company's press release, BP has appointed Cudd Coil Tubing and STI Inc. (a well service company) to operate the CTT Inc. Rotating Tools on their wells in the Rocky Mountain region. It is estimated BP will work over 350 wells in the Rocky Mountain and Mid Continent divisions, utilizing the Rotating Tool, over the next year. BP has also partnered with Thru Tubing Solutions, a subsidiary of CUDD, in Eastern Oklahoma, to deploy the Rotating Tool.

The CTT Rotating Tool is expected to rapidly gain acceptance among other major oil companies as a result of a renewed emphasis placed on well workover to increase energy production while minimizing cost.

Prior to the latest press release, the stock closed yesterday at Sixty cents a share.

For an in-depth profile of Coil Tubing Technology, Inc., visit

In case you are not familiar with the company: Coil Tubing Technology, Inc. (CTT) has specialized in the design of proprietary tools for the coil tubing industry since 1990, concentrating on four categories of coil tubing application: thru tubing fishing, thru tubing work over, pipeline clean out, and coil tubing drilling. CTT was founded in 1998 by Jerry Swinford, an oilfield tool designer with more than 15 patents granted or pending and more that 25 years experience in the creation of oilfield tools.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Exxon Mobil Corporation (NYSE: XOM) up 0.6% on 18.8 million shares traded, ConocoPhillips (NYSE: COP) up 0.4% on 11.8 million shares traded and Valero Energy Corporation (NYSE: VLO) up 0.9% on 11.7 million shares traded.


"The Labor Department noted that first time claims were down to 271,000, some of the lowest numbers since 2000. New housing starts fell 8.9% in December according to the Commerce Department and new building permits also dropped by 4.4%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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