SOURCE: Wall Street News Alert
|
July 13, 2007 09:18 ET
Hot Stock Alert: UCPI Is on the Move! July 13, 2007
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - July 13, 2007) - Wall Street News Alert's "stocks to watch" this
morning are: Unicorp Inc. (OTCBB: UCPI), ConocoPhillips (NYSE: COP),
Newmont Mining Corp. (NYSE: NEM) and Transocean Inc. (NYSE: RIG).
Unicorp Inc. (OTCBB: UCPI) continues to issue news that should have
investors watching. Thursday after the markets closed, the company (engaged
in the acquisition, development, exploration and production of crude oil
and natural gas) issued a press release announcing that it has begun
operations to restore production on two of the shut-in wells it recently
acquired in its Welsh Field acquisition located in Jefferson Davis Parish,
Louisiana.
Current production from two active wells is approximately 42 barrels of oil
per day gross (32 bopd net). Unicorp acquired a total of fifteen wells in
the transaction and has identified remedial opportunities in nine of the
wells.
"We acquired this field due to the upside potential of remedial work to
restore production through low cost workovers and recompletions," stated
Bill Dozier, COO of Unicorp. "Our plan is to maintain an active work
program in order to increase production as quickly as possible."
This announcement is just one of many that have recently had the attention
of investors:
-- UCPI was recently issued a target price of 1.05
-- The company already has five working projects already producing oil
and has also previously announced that it expects to triple its gross
profit in fiscal 2007
-- The company has tremendous revenue growth
-- Oil is near all time highs and UCPI oil production continues triple
digit year-over-year growth
**See the profile below for full details**
Before the news hit the wires, Unicorp's stock closed Thursday at
Thirty-Two cents a share.
For Wall Street News Alert's in-depth and updated profile of Unicorp,
visit:
http://www.WallStreetNewsAlert.com/HotStocks/UCPI071207/default.aspx
Unicorp, Inc is primarily engaged in the acquisition, development,
exploration and production of crude oil and natural gas. Its focus is on
aggressively acquiring working interests in crude oil and natural gas
properties with the intent of exploration and development or by enhancing
production through the use of modern development techniques such as
horizontal drilling, satellite technology and 3-D seismic. The company's
goal is to achieve a high return on its investment by limiting its up-front
acquisition costs, by quickly developing its acquisitions and by practicing
a sound and smart approach to oil and gas exploration and development.
ConocoPhillips (NYSE: COP) up 3.5% on 17.9 million shares traded.
ConocoPhillips is an integrated petroleum company with interests around the
world.
Newmont Mining Corp. (NYSE: NEM) up 2.3% on 23.1 million shares traded.
Newmont is one of the largest holders of precious metals mineral rights in
Nevada's gold trends, spanning approximately 623,000 acres. Newmont holds
19 exploration projects, including advanced staged projects with measured
and indicated resources. Newmont's goal is to advance its projects along
the pipeline into production.
Transocean Inc. (NYSE: RIG) up 1.6% on 4.6 million shares traded. Transocean
Inc. is the world's largest offshore drilling contractor with a fleet of 82
mobile offshore drilling units. The company's mobile offshore drilling
fleet, consisting of a large number of high-specification deepwater and
harsh environment drilling units, is considered one of the most modern and
versatile in the world due to its emphasis on technically demanding
segments of the offshore drilling business.
Market Commentary:
"The retail sector, fighting higher energy and food pricing, managed to eek
out an overall 2.4% gain for June. Wal-Mart had good results, helped by
new product line Dell Computers, was up 2.4% versus the 0.8% predicted.
According to a report from Thompson Financial 45% of retails beat estimates
and 55% missed of the 45 surveyed," stated Sonja Rudd in Wall Street News
Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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