SOURCE: Wall Street News Alert

Wall Street News Alert

October 24, 2006 09:46 ET

Wall Street News Alert: Stocks on the Move for Tuesday! October 24, 2006

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

WESTON, FL--(Marketwire - October 24, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Unicorp, Inc. (OTCBB: UCPI), Halliburton (NYSE: HAL), AMR Corp. (NYSE: AMR) and BP (NYSE: BP).

Unicorp, Inc. (OTCBB: UCPI) continues to provide drilling updates which may get the attention of aggressive investors and day traders! Yesterday, after the stock markets closed, the company issued a press release updating the current production and drilling of its North Edna Prospect located in Jefferson Davis Parish, Louisiana.

The update could grab the attention of investors once again! The Lejuene Well #1 has been producing an average of approximately 112 barrels of oil per day since first production in August 2006. Unicorp has a 40% before payout and a 30% after payout working interest in this prospect. This initial well was drilled to a depth of approximately 9,000 feet. Unicorp now expects to begin drilling the additional wells on this prospect within the next four months.

Wall Street News Alert continues to place Aggressive Investors on alert to monitor the progress of Unicorp! "We are extremely pleased by this discovery and believe that the production has levelled out and will be sustainable for many years," stated Arthur Ley, COO of Unicorp. "This new production along with our current production will greatly increase our 2006 revenue versus 2005 and will improve our cash flow and shareholder value."

Prior to the press release, Unicorp's stock closed yesterday at Sixty Two cents a share.

For an in-depth, updated profile of Unicorp, visit: http://www.thenewssvc.com/UCPI102306.html

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In case you are not familiar with the company: Unicorp, Inc. is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus is on aggressively acquiring working interests in crude oil and natural gas properties with the intent of exploration and development or by enhancing production through the use of modern development techniques such as horizontal drilling, satellite technology and 3-D seismic. The company's goal is to achieve a high return on its investment by limiting its up-front acquisition costs, by quickly developing its acquisitions and by practicing a sound and smart approach to oil and gas exploration and development.

Halliburton (NYSE: HAL) up 1.6% on 27.8 million shares traded. Halliburton is one of the largest providers of products and services to the petroleum and energy industries.

AMR Corp. (NYSE: AMR) up 0.1% on 12.2 million shares traded. American Airlines is one of the world's largest airline companies.

BP (NYSE: BP) up 0.09% on 3.1 million shares traded. BP markets gasoline to consumers through retail outlets.

Market Commentary:

"Oil continued to drop, off by 83 cents a barrel or $58.50. OPEC, the producers of 40% of the world's crude oil, will start cutting production on November 1 by 1.2 million barrels per day. The cut was larger than the 1 million barrels per day originally discussed. One oil analysts noted that cutbacks are difficult to maintain as exporters are notoriously lax in maintaining quotas; maybe $58 dollars a barrel will look good when oil drops to say $38 a barrel," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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