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 http://www.WallStreetNewsAlert.com/HotStocks/MGRA062707/default.aspx

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, 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: http://www.WallStreetNewsAlert.com.

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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 Twenty-Eight Thousand Dollars for coverage of Monogram Energy, Inc. (PINKSHEETS: MGRA), by a third party (Siverking Consulting), 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 holds no shares of the stock. 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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