SOURCE: Wall Street News Alert

Wall Street News Alert

November 09, 2007 09:36 ET

Wall Street News Alert: PLTG Is on the Move! November 9, 2007

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

WESTON, FL--(Marketwire - November 9, 2007) - Wall Street News Alert's "stocks to watch" this morning are: Platina Energy Group, Inc. (OTCBB: PLTG), Chesapeake Energy Corporation (NYSE: CHK), First Solar, Inc. (NASDAQ: FSLR) and Schlumberger Limited (NYSE: SLB).

Platina Energy Group, Inc. (OTCBB: PLTG) should have investors closely monitoring the stock closely. Recently, the company issued a press release announcing that it pays $250,000.00 deposit for 47.5% of Bowie Energy.

Good news from PLTG! Platina Energy Group and Bowie Energy intend to complete a $16,000,000.00 producing production transaction on two major leases in Texas. Although the transaction is rather complex, the Platina/Bowie have secured terms for $14,000,000 of the $16,000,000. Joint Venture Term sheets for the balance of the financing, $2,000,000.00, are in negotiations. According to the press release, this aggregated transaction when completed could be worth tens of millions of dollars in revenues to Platina's interest.

Blair Merriam, President of Platina, reports, "This transaction has many moving parts but has evolved from initial discussions, to one that we are quite certain that we will be able to close on. All of the parties concerned have made their best efforts to work together harmoniously and in a professional manner in order to conclude this new piece of business for Platina. In addition to immediate production, developmental opportunities on this acquisition are also vast and will make great future prospects for the Company and its strategic partners."

Investors watch this company! Platina Energy is a fast growing E&P Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to oil extraction technology in the R & D phase.

PLTG closed Thursday at Twenty Five cents a share.

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

Chesapeake Energy Corporation (NYSE: CHK) up 2.3% on 12.2% million shares traded. Chesapeake Energy Corporation is one of the largest independent and one of the leading overall producers of natural gas in the U.S.

First Solar, Inc. (NASDAQ: FSLR) up 34.2% on 11.6 million shares traded. First Solar, Inc. manufactures solar modules with an advanced thin film semiconductor process that significantly lowers solar electricity costs. By enabling clean renewable electricity at affordable prices, First Solar provides an economic alternative to peak conventional electricity and the related fossil fuel dependence, greenhouse gas emissions, and peak time grid constraints.

Schlumberger Limited (NYSE: SLB) up 1.6% on 11.3 million shares traded. Schlumberger is the world's leading oilfield services company supplying technology, information solutions and integrated project management that optimize reservoir performance for customers working in the oil and gas industry.

Market Commentary:

"Fed Chief Ben Bernanke, speaking before a joint Economic Committee of Congress, said that he is worried about the high cost of oil and the pressure that inflation will get from any costs incurred by higher fuel prices. He also noted that the U.S. economy faces risk from a downturn in the housing sector and a weaker dollar. Translation of the Fed Speak: falling housing prices, tight credit, weak dollar, and higher fuel prices. A formula for a slower economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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