SOURCE: Wall Street News Alert

Wall Street News Alert

August 21, 2008 09:38 ET

Wall Street News Alert: 4 Stocks You Need to Know for Thursday! August 21, 2008

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

WESTON, FL--(Marketwire - August 21, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Southridge Enterprises, Inc. (OTCBB: SRDG), Chevron Corporation (NYSE: CVX), Devon Energy Corporation (NYSE: DVN) and Suncor Energy Inc. (NYSE: SU).

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There is major news coming from Southridge Enterprises, Inc. (OTCBB: SRDG), and investors are urged to monitor the stock closely this morning! Yesterday after the markets closed, the company issued a press release announcing that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 20 million gallons of ethanol per year.

Great news for the company, as deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil. Over the last several quarters the company completed several similar ethanol sale transactions with European-based buyers. However, this new transaction with JHTG is a direct result of our increased exposure from the Company's market awareness program in the Asian Pacific Rim. The Company expects this to be the first of many purchases to come from that region.

Investors are urged to continue to monitor the progress of the company!

The stock closed Wednesday at Three cents a share.

For a recent Wall Street News Alert's in-depth profile of Southridge Enterprises, visit http://www.WallStreetNewsAlert.com/HotStocks/SRDG082008/default.aspx.

Chevron Corporation (NYSE: CVX) up 2% on 11.6 million shares traded.

Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business.

Devon Energy Corporation (NYSE: DVN) up 6.4% on 9.2 million shares traded.

Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil and gas exploration and production.

Suncor Energy Inc. (NYSE: SU) up 6% on 7.7 million shares traded.

Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas.

Market Commentary:

"The Energy Information Administration, an arm of the U.S. Energy Department, said crude inventories rose by a hefty 9.4 million barrels in the week ended Aug. 15," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Southridge Enterprises, Inc. (OTCBB: SRDG), WSCF has been compensated One Million and Five Hundred Thousand shares, by a third party (NorthStar Investment Capital Corporation), who is non-affiliated and may hold a significant position in the stock. WSCF holds Nine Hundred and Twenty Thousand of those shares as of this release, and intends to immediately continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

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