SOURCE: Wall Street News Alert

Wall Street News Alert

June 28, 2007 09:42 ET

Wall Street News Alert: Breaking News Alert - MGRA! June 28, 2007

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

WESTON, FL--(Marketwire - June 28, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Monogram Energy Incorporated (PINKSHEETS: MGRA), Halliburton (NYSE: HAL), Chevron Corporation (NYSE: CVX) and Tesoro Corp. (NYSE: TSO).

Monogram Energy, Inc. (PINKSHEETS: MGRA) is another new stock to put on your radar screen and watch as Wall Street News Alert initiates coverage of the company. Yesterday the company, an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, issued a press release announcing that it has agreed to an expansion of the business relationship with Northamerican Energy Group Corporation previously announced on June 22, 2007.

Terms call for the exchange of restricted common stock between the respective companies. Monogram Energy will receive a 50% interest in 27 wells, which are projected to yield annual revenues of approximately $400,000 following workover.

Billy D. King, President and CEO of Monogram Energy, stated, "A number of these wells are going to require minimal workover, which will provide us with a quicker revenue stream, and we anticipate a rapid cost recovery on the entire project."

The June 22nd press release had announced the partnership, where Monogram Energy, as the Majority Partner, will provide all funds necessary to acquire and workover the wells, and Northamerican Energy, as both the General Partner and a Minority Partner, will operate the wells under an operating agreement.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Monogram Energy! The company has been publicly traded for less than two weeks. The company specializes in acquiring oil & gas leases with proven reserves that have the potential for increased production. The company's goal is to maintain a high risk/reward profile, thereby enabling it to return the most value to its shareholders.

MGRA stock closed Wednesday at Twenty Eight cents a share.

For Wall Street News Alert's in-depth profile of Monogram Energy, visit

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Halliburton (NYSE: HAL) up 1.1% on 20 million shares traded. Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 45,000 employees in nearly 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir -- from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.

Chevron Corporation (NYSE: CVX) up 1.4 % on 10.2 million shares traded. Chevron is one of the world's leading energy companies. With more than 56,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing, and distributing fuels and other energy products.

Tesoro Corporation (NYSE: TSO) down 2.3% on 7.5 million shares traded. Today, Tesoro Corporation, an independent refiner and marketer of petroleum products, is a Fortune 150 Company. Tesoro operates seven refineries in the western United States with a combined capacity of approximately 660,000 barrels per day. Tesoro's retail-marketing system includes over 880 branded retail stations, of which more than 460 are company owned.

Market Commentary: "Housing keeps slumping and Lennar Corp., one of the nation's largest home builders, is cutting prices because of rising inventories. They announced that the 9,568 homes, off 28% from last year. New orders dropped by 31 %, sales prices were down to $298,000 from $322,000, and canceled orders dropped by 29%. On the bright side, it is good news for buyers as builders are ready to deal," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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