SOURCE: Wall Street News Alert

Wall Street News Alert

June 28, 2007 08:36 ET

Wall Street News Alert Issues Special Alert on 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, Inc. (PINKSHEETS: MGRA), Valero Energy Corp. (NYSE: VLO), Occidental Petroleum Corp (NYSE: OXY) and BP (NYSE: BP).

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

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.

Valero Energy Corporation (NYSE: VLO) down 0.7% on 17.7 million shares traded. Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and 2006 revenues of more than $90 billion. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America.

Occidental Petroleum Corp (NYSE: OXY) up 1.6 % on 7.8 million shares traded. Occidental Petroleum Corporation, through its subsidiaries, primarily engages in the exploration, development, production, and marketing of crude oil and natural gas in the United States and internationally. It holds interests in the Permian basin located in west Texas and New Mexico; Elk Hills oil and gas field in California; Hugoton field located in Kansas and Oklahoma; Horn Mountain oil field in the Gulf of Mexico; and the Piceance basin located in western Colorado.

BP (NYSE: BP) down 0.7% on 4.9 million shares traded. BP is a global producer, manufacturer and marketer of oil, gas, chemicals and renewable energy resources.

Market Commentary:

"The Commerce Department said that durable goods orders for last month dropped by 2.8%, outpacing the 1.7% foreseen by economists. These numbers show that the business cycle is still slow and has been for the last 12 months," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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