SOURCE: Wall Street News Alert

Wall Street News Alert

October 20, 2006 08:43 ET

Wall Street News Alert: Aggressive Investors Alert Issued on AGGI! October 20, 2006

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

WESTON, FL--(Marketwire - October 20, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Allied Energy Group, Inc. (PINKSHEETS: AGGI), ConocoPhillips (NYSE: COP), Nucor Corporation (NYSE: NUE) and Phelps Dodge Corp. (NYSE: PD).

As the company continues to announce successful drilling operations, Allied Energy Group, Inc. (PINKSHEETS: AGGI) may once again be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that, partnered with the Young Oil Corporation, the Company has successfully drilled and discovered gas in all three of its wells located in Knox County, Kentucky.

News of this most recent success may excite investors! "The Don Sullivan #8, Clarence Bright #2, and Dale Greer #1 were successfully drilled and are now scheduled to be completed for the production of natural gas," said Scott Harris, Allied's Sr. Vice President of Business Development. "Although there can be no assurances we expect all three wells to go into production in the next 45 days."

"An estimated 60 feet of reported reservoir for the Big Lime formation in the Don Sullivan #8 is encouraging," said Steve Stengell, Sr. Vice President of Operations for the Company. "We believe that after the stimulation treatment and completion of these wells we can expect a stable long-term addition to the company's oil and gas income stream."

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Allied Energy Group! Earlier this week on Wednesday, the company also issued a press release announcing an update regarding its five-well coalbed methane project located in Rogers County, Oklahoma.

According to this press release, the second well (Schmidt #4) was successfully drilled to a measured total depth of 1,220 +/- vertical feet and apparently encountered an estimated 9-16 total feet of potentially productive interval "natural gas pay-zone" in the Croweberg, Rowe, and Mulkey coal seam formations."

For an in-depth profile of Allied Energy Group, visit

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

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: Allied Energy Group, Inc is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company employs geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.

ConocoPhillips (NYSE: COP) up 1.3% on 8.4 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Nucor Corporation (NYSE: NUE) up 0.7% on 6.1 million shares traded. Nucor and affiliates are manufacturers of steel products, with operating facilities in seventeen states.

Phelps Dodge Corp. (NYSE: PD) up 1.4% on 5.1 million shares traded. Phelps Dodge is one of the world's leading producers of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod.

Market Commentary:

"In oil, OPEC was holding an emergency meeting in Qatar to discuss the 1 million per barrel cut from current levels. The November contract in morning trading was up 37 cents to $58.02. But have Americans and the world learned a lesson from $3.00 plus a gallon for gas this past summer? Will economies in lifestyle regarding fuel prevail the next 6-12 months? Most people are tired of the yo-yo price wars for gas and fuel and have already traded in their SUV's for fuel efficient small cars, or may soon when the lease is up analysts noted. Small car sales are up from the previous 12 months, SUV's and trucks are down," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're interested in telling your story, we can help. Contact us at

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at and select the "join now" button.

WSNA is a Platinum Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For their free service, visit

*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

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. WSCF has been compensated One Hundred Thousand shares of Allied Energy Group, Inc. (PINKSHEETS: AGGI), by a third party (Star Consulting Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold Thirty Thousand of those shares, as of this release. WSCF may intend to immediately begin or continue selling its shares as this release is being circulated. WSCF may receive additional shares for extension of its services. Any additional shares 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.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact Information