SOURCE: Wall Street News Alert

Wall Street News Alert

October 27, 2009 10:57 ET

Wall Street News Alert: Market Watch: WWEI! October 27, 2008

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

WESTON, FL--(Marketwire - October 27, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Welwind Energy International Corp. (OTCBB: WWEI), GE (NYSE: GE), BP plc (NYSE: BP) and Cabot Oil & Gas (NYSE: COG).

Welwind Energy International Corp. (OTCBB: WWEI) has announced that company officials will be leaving for China during the first week of November. Welwind's China office has been informed by the Zhanjiang Government that Welwind is required to move the location of phase one of its current wind farm to allow for the development of Shanghai Baosteel Group Corporation. Representatives from Welwind North America along with Welwind China will have meetings with Zhanjiang officials to further determine specifics of the proposed relocation, along with compensation that the organization will be demanding for this move.

"We anticipated the impending move considering that the permit for construction will come from the same government-body that also owns Baosteel. As such, we expect favourable compensation from the government for the inconvenience it has and will cause Welwind and its shareholders. Our trip to China will further the process of rectifying this inconvenience and allow us to move right into development of phase two of the project with full government support," says Larry McNabb, President of Welwind Energy International Corp.

During the trip, Welwind will be meeting with an established wind farm company that wishes to discuss a potential partnership in two large wind farm projects with confirmed power purchase agreements in place.

Shanghai Baosteel Group Corporation is the largest Chinese iron and steel conglomerate. It is a state-owned enterprise headquartered in Shanghai. Baosteel is the third largest steel producer in the world. It employs 112,000 employees, revenues of $21.5 billion and a mix of high-quality products

The stock closed yesterday at a Penny a share.

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GE (NYSE: GE) down 1.2% on 96.2 million shares traded.

General Electric Co. is a diversified global infrastructure, finance and media company that is built to meet essential world needs.

BP plc (NYSE: BP) up 0.1% on 5.5 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.

Cabot Oil & Gas (NYSE: COG) down 1.5% on 1.9 million shares traded.

Cabot Oil & Gas Corporation, headquartered in Houston, Texas is a leading independent natural gas producer, with its entire resource base located in the continental United States.

Market Commentary:

Oil prices were back above $79 a barrel Tuesday as the dollar fell against the euro and the Japanese yen, supporting oil after three straight days of declines.

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