SOURCE: Wall Street News Alert

Wall Street News Alert

May 16, 2007 10:08 ET

Wall Street News Alert: USSU Is Wednesday's Stock to Watch! May 16, 2007

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

WESTON, FL--(Marketwire - May 16, 2007) - Wall Street News Alert's "stocks to watch" this morning are: USA Superior Energy Holdings, Inc. (OTCBB: USSU), GlobalSantaFe Corporation (NYSE: GSF), Sinoenergy Corporation (OTCBB: SNEN), Baker Hughes Incorporated (NYSE: BHI).

USA Superior Energy Holdings, Inc. (OTCBB: USSU) continues to issue positive news, and should warrant the attention of investors this morning. Yesterday, after the markets closed, the company, focused on the application of new technologies to increase production in oil and gas wells, issued a press release announcing that in the month of May, USA Superior is continuing maintenance on its existing oil wells in the Bateman Field area.

This is good news for the company as according to the press release, eight wells were brought on line and are now pumping. These wells had not been producing for many months. The company has a fulltime crew working in the field, cleaning, clearing, and bringing all wells and facilities up to current safety, environmental and Texas Railroad Commission regulations.

The company is beginning a series of tests on the Wendland lease in the Bateman Field to delineate and isolate a suspected water producing zone from the other oil producing zones within the Austin Chalk formation. A successful test will allow USA Superior to eliminate this suspected water zone in numerous other wells in this identical zone across the field. This is part of firm's strategy to reduce expenses by reducing the volume and cost of disposal of water produced.

The operational efforts of the company continue in cleanup and reduction issues associated with paraffin in the Bateman Field. Due to the previous ten plus years of minimal maintenance under prior owners, paraffin (a waxy buildup) had accumulated in the wells tubing, the underground well pumps and in the formation surrounding the wells. This buildup can detrimentally affect the volume of oil that can be produced and therefore revenue. The control or elimination of paraffin problems is one of the opportunities USA Superior recognized to increase income in this field.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of USA Superior Energy! The efforts being made are obviously a success for even with the wells off production due to power loss or maintenance, overall field production is equal or higher than previous months. According to the press release, even with weather shutdowns, and extensive maintenance operations on existing producing wells, overall the Bateman field production remains relatively constant at 1200 barrels of oil per month (average last 6 months).

Last week, we reported that the company has completed an equity financing for a total of $1.0 Million USD with an additional $1.0 Million in possible financing through the exercise of warrants.

The stock closed Monday at Eighty-One cents a share.

In case you are not familiar with the company: USA Superior Energy Holdings, Inc. is a company focusing on applying new technologies to oil and gas fields as well as other industries. The company is composed of a team of experts in their field, highly qualified with over 200 man-years of oil and gas field experience; from finding to drilling, well completion to operations and production, to problem solving, seasoned with success. Environmentally concerned and responsible, responsive to project needs and specializing in special projects, USA Superior Energy's focus has been on developing and utilizing complementary technologies: Nitrogen (N2) and cased hole horizontal drilling. USA Superior will seek to use these technologies independently or in combination to exploit business opportunities.

Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to existing reservoirs and wellbores, thus minimizing the risk of finding oil and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging technology that can significantly increase the "communication" from the wellbore to the fluids in the reservoir. With the current price environment, many existing marginal wells can be rejuvenated into very profitable wells.

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GlobalSantaFe Corporation (NYSE: GSF) up 0.03% on 4.8 million shares traded. GlobalSantaFe is one of the largest offshore oil and gas drilling contractors and the leading provider of drilling management services worldwide. The company owns or operates a contract drilling fleet of 37 premium jackup rigs; six heavy-duty, harsh environment jackups; 11 semisubmersibles and three dynamically positioned, ultra-deepwater drillships, as well as two semisubmersibles owned by third parties and operated under a joint venture agreement. In addition, an ultra-deepwater semisubmersible is under construction and scheduled for delivery in early 2009.

Sinoenergy Corporation (OTCBB: SNEN) up 8.7% on 1.3 million shares traded. Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle and gas station equipment as well as a designer, developer and builder of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.

Baker Hughes Incorporated (NYSE: BHI) down 0.2% on 3.5 million shares traded. The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs actively exploring for or developing oil or natural gas in the United States, Canada and international markets.

Market Commentary:

"Consumer inflation moderated slightly in April despite another big jump in gasoline prices. Outside of energy and food, inflation pressures remained well-contained," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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