SOURCE: Wall Street News Alert

Wall Street News Alert

August 06, 2007 08:28 ET

Wall Street News Alert Issues Special Alert on MGRA! August 6, 2007

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

WESTON, FL--(Marketwire - August 6, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Monogram Energy, Inc. (PINKSHEETS: MGRA), General Electric Company (NYSE: GE), Archer Daniels Midland Company (NYSE: ADM) and Companhia Vale do Rio Doce (NYSE: RIO).

With $100-a-barrel oil that Goldman Sachs Group Inc. has forecasted by 2009, investors looking to possibly benefit from the energy sector should have their eyes on Monogram Energy, Inc. (PINKSHEETS: MGRA). Friday after the markets closed, the company, an independent energy company engaged in the acquisition, development, and exploitation of oil and gas properties, issued a press release announcing that the Company has obtained the rights to workover the Mobhun 1 well in Pecos County, Texas.

This is additional good news for Monogram Energy, which has also announced last week that it has selected the A.N. Johnson I well in Pecos County, Texas to begin its workover program! Billy D. King, President and CEO of Monogram Energy, stated, "With our second well acquisition announced today, management feels confident that we will meet our goal of 50 additional wells for our Workover Program by year's end. We will continue to identify and procure the rights to promising leases." Mr. King continued, "We anticipate cumulative initial production of 10,000 barrels of oil per month once all wells have completed the Workover Program."

According to the press release, at current market prices, initial net revenue to Monogram's interest could exceed $750,000.00 per month assuming all wells can complete the Workover Program in a timely manner.

Wall Street News Alert continues to alert aggressive investors to watch this company closely. Pecos County is a highly defined shallow well prospect located in Southwest Texas. The Mobhun 1 is located on an 80-acre lease and was originally completed in the Ellenberger formation at approximately 4,100'. Its last production was in 1998 when it was shut down due to low oil prices. Monogram will implement its Workover Program on the existing perforations, drill out a bridge plug and complete in the original Ellenberger zone. The Company's analysis of the well and its reserves anticipate it should produce approximately 150-250 barrels per month.

Additionally, the company also recently announced that Market Advisors, Inc. has issued a research report establishing an intermediate-term price target of $0.58 for the Company's shares.

Before the news hit the wires, the company's stock closed Friday at Eight cents a share.

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

General Electric Company (NYSE: GE) down 2.4% on 47.5 million shares traded. GE, a diversified technology, is a media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.

Archer Daniels Midland Company (NYSE: ADM) down 2.6% on 4.4 million shares traded. Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients.

Companhia Vale do Rio Doce (NYSE: RIO) down 4.7% on 13.1 million shares traded. Vale do Rio Doce is the largest diversified mining company in the Americas and the second-largest company in the global metals & mining industry, with a market capitalization of approximately US$ 80 billion.

Market Commentary:

"Wall Street took another dive Friday; with the Dow Jones industrial average down more than 280 points after comments from a major investment bank exacerbated the market's fears of a widening credit crunch," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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