WESTON, Fla., Oct. 26, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Tubac Holdings, Inc. (Pink Sheets:TBAH), StemCells, Inc. (Nasdaq:STEM), Delta Air Lines, Inc. (NYSE:DAL) and TXU Corp. (NYSE:TXU).
Aggressive investors and traders need to watch Tubac Holdings, Inc. (OTC: TBAH) again this morning! Yesterday after the markets closed, the company issued a press release announcing that in its ongoing effort to achieve a strategically diverse portfolio for its shareholders, the company has signed a letter of intent with Quaestus Refining, LLC, a privately held company!
This is more great news for investors! Under the terms of the agreement, Quaestus Refining has agreed to a reorganization plan by which Quaestus Refining will become publicly traded. As a result of this reorganization, Quaestus Refining will have access to additional capital further facilitating the development of its revolutionary Oil Extraction Process. All the assets, patents, and extraction technology currently owned by Quaestus Refining, will be assigned to the new company. Tubac Holdings will own approximately 20% of the new, publicly traded company.
Investors watch this company! Harold Tanner, CEO of Tubac Holdings, Inc. stated, "With the current price of oil, it was a huge priority for Tubac Holdings to become involved with production of this `black gold.' This patented extraction process is one-of- a-kind, with no known competition. This truly creates a `sky is the limit' scenario. We are extremely pleased to have signed a letter of intent with Quaestus Refining. This strategic partnership will be beneficial to our shareholders and increase the value of Tubac. We have taken another major step in achieving our goal of becoming a globally diverse company engaged in numerous business opportunities, both directly and through our partner companies."
According to the press release, The purpose of Quaestus Refining is to extract oil from the proven and unproven shallow oil and tar sands deposits, known as "oil sands." Quaestus Refining has licensed proprietary technology that extracts this type of oil from the shallow ground on which it sits. The market share for this type of oil is huge with an estimated 350 billion barrels in North America. This patented technology design allows oil substrate-solvent cleansing to take place on a totally automated and continuous basis. It is estimated that the extraction process comes to under $10.00 a barrel, which is extremely cost effective considering the current price of oil.
The stock trades at around Nine cents a share.
In case you are not familiar with the company: Tubac Holdings is a holding company which offers consulting, public and private equity services. Tubac specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. Tubac provides these companies with equity, guidance and strategic counseling to help them succeed. Tubac has taken an equity stake in several public companies, and is in negotiations with additional acquisition targets. The company's website is www.tubacholdings.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: StemCells, Inc. (NASDAQ: STEM) up 51.4% on 57.2 million shares traded, Delta Air Lines, Inc. (NYSE: DAL) up 16.6% on 17.3 million shares traded and TXU Corporation (NYSE: TXU) up 15.9% on 15.2 million shares traded.
Commentary:
"Shares of Google Inc. hit a new high on Monday as traders who had shorted the stock scrambled to buy back scarce shares after the Web search leader's better-than-expected quarterly results last week. Google's stock peaked at $194.43 on Nasdaq during Monday trade -- a 129 percent gain from Google's debut stock price of $85 in mid-August before closing at $187.40, a gain of nearly 9 percent," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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