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AmericanEnergyReport.com

April 12, 2011 13:38 ET

Shares of Alcoa Fall; PP&L, Ford and UnionTown Energy (UTOG) Rise in Morning Trading

American Energy Report's PM Update Features Alcoa (AA), PP&L Corp. (PPL), Ford Motor Company (F) and UnionTown Energy Inc. (UTOG).

LAS VEGAS, NEVADA--(Marketwire - April 12, 2011) -

Editor's Note: There are two photos associated with this press release.

Investment Updates: This afternoon's focus is on Alcoa (AA),PP&L (PPL),Ford (F) and UnionTown Energy (UTOG).

Alcoa Inc. (AA)'s income from continuing operations reached its highest mark since the second quarter of 2008, and the bottom line topped analysts' expectations, although sales growth wasn't as strong as Wall Street had expected.

PPL Corp. (PPL) is selling 80 million shares of its common stock and 17 million equity units to help cover the cost of its recent purchase of an electricity distribution business. The common stock shares, to be issued Friday, will be set at $25.30, the company says. The equity units, a 2 million increase over the amount previously announced, will be priced at $50 per unit.

Ford Motor Company (F) has risen to No. 1 in U.S. sales, beating GM for the first time since February 2010. Ford's sales surge was led by strong sales of hybrids and other fuel-efficient vehicles.

Energy News:

UnionTown Energy (UTOG) shares rose more than 3% in morning trading. The company has been in the news for recent property acquisitions in the Montana shale fields.

On Friday, UnionTown announced the completion of its previously reported acquisition of the New Miami oil and gas property in northwest Montana. Two days, earlier, the company closed its acquisition of the Musselshell property in central Montana.

Oil and gas companies are moving quickly to acquire and explore shale oil and gas properties across the United States.

Both New Miami and Musselshell were previously explored using vertical well holes and are believed to be good candidates for further exploration using new horizontal drilling technology combined with hydraulic fracturing.

The estimated recoverable oil reserve in the two properties is 12.8 million barrels.

UnionTown says the acquisitions have substantially increased the company's value and given it leverage to pursue future acquisitions.

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http://www.marketwire.com/library/20110412-UTOG_Stock_Chart_April_12_800.jpg

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