SOURCE: Wall Street News Alert

Wall Street News Alert

March 04, 2009 10:41 ET

Wall Street News Alert: Movers & Shakers for Wednesday's Stock Market! March 4, 2009

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

WESTON, FL--(Marketwire - March 4, 2009) - Wall Street News Alert's "stocks to watch" this morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Chesapeake Energy Corp. (NYSE: CHK), Halliburton (NYSE: HAL) and Suncor Energy Inc. (NYSE: SU).

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As the demand for renewable energy continues to increase, Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (PINKSHEETS: CLBN) should have the attention of investors looking to possibly benefit from this clean energy industry. Early this morning, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has released an update to its shareholders.

The letter states that "the past year has proven to be a very exciting time for our Company. After many months of dedicated work and planning, we have enabled Navajo to execute our strategic business model and take full advantage of the tremendous growth available in the wind power sector -- currently the fastest growing renewable source for electric power."

The letter goes on to say, "The Chinese wind energy market is on pace for another record year with the installation of approximately 10,000 megawatts of wind power capacity, generating sufficient energy for millions of homes. With wind power being one of the cleanest and most cost-effective forms of alternative energy, we expect significant growth within this industry for many years to come -- the cultural shift to clean energy is permanent. As an additional catalyst to this growth, we feel confident that the new Obama administration in Washington will deliver on their commitment to invest between $180 - $200 billion over the next 10 years in the alternative energy market, which will include wind energy companies like Navajo. We are confident that Navajo's business model will be an important contributor to the build-out of the wind power generation energy market."

In the release, it also highlights that in a short period, the company has achieved a number of significant milestones:

--  secured investment financing of over $2.5 million dollars for
    development and working capital;
--  acquired Guangzhou Jianianxiang Co. Ltd., a Chinese wind farm and
    power trading company;
--  acquired a 200 MW wind farm site located in Xinjiang, China. This site
    is situated on 6,200 acres and is in an area with proven, high-energy wind
--  acquired a 50% joint venture partnership interest in the CSRI Xuzhou
    Nantung 35MW wind farm project in China and received a financing commitment
    for this acquisition;
--  signed an agreement to form an alliance with industrial technology
    company, Vector Industrial Designs, to participate in the research,
    development and optimization of various proprietary wind turbine technology

The press release continues: As a result of the relationships we have established and the niche markets we have identified this year, the Company has laid the groundwork for a very expansive and dynamic 2009 and years to come. Some of the Company's key areas of focus that it is moving forward to achieve include the following:

--  targeting 10 to 50 megawatt wind farm development projects. In
    Xinjiang, China, alone, there exists over 20,000 megawatts of achievable
    electricity utilizing our wind power business model;
--  additional growth through strategic acquisitions;
--  the implementation of new technologies to optimize production and
    increase viability.

For complete details of the letter, investors are urged to refer to this morning's press release

The stock closed yesterday at around Four cents a share.

For an in-depth profile of Navajo Wind Energy, visit

Chesapeake Energy Corp. (NYSE: CHK) up 3.5% on 17.5 million shares traded. Chesapeake Energy Corporation is one of the largest producer of natural gas in the U.S. according to 2008 U.S. gas production data.

Halliburton (NYSE: HAL) up 0.9% on 15.8 million shares traded. Halliburton is one of the world's largest providers of products and services to the energy industry.

Suncor Energy Inc. (NYSE: SU) up 5.4% on 15.1 million shares traded. Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta.

Market Commentary:

National Association of Realtors said Tuesday stated that the its seasonally adjusted index of pending sales contracts fell 7.7 percent to 80.4 in January from a downwardly revised December reading of 87.1.

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