WESTON, Fla., Nov. 11, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Emerson Oil and Gas, Inc. (Pink Sheets:EOGI), Dobson Communications Corp. (Nasdaq:DCEL), Chicago Bridge & Iron Company N.V. (NYSE:CBI) and Monarch Services, Inc. (Nasdaq:MAHI).
Aggressive investors and traders will be watching Emerson Oil and Gas, Inc. (Pink Sheets:EOGI) this morning! Yesterday after the markets closed, the company issued a press release announcing that upon completion of the fracture done at 10,240 and 10,246 feet, the tubing pressure was 3450 psi. We expect that pressure as a direct result of the nitrogen frac!
This is great news for investors! Dave Harker, President and CEO stated, "We are extremely pleased and very optimistic as we near completion on the W.T Davis property. The company is thrilled with the preliminary results from the frac and will update shareholders as soon as final results are made available."
Investors watch this one! Emerson's Northwest Louisiana drilling efforts follow closely to its philosophy of high-potential low risk re-entry projects in developed fields. By maintaining this conservative, but revenue driven philosophy and mission statement, Emerson enables itself to build a strong revenue base for the company and its shareholders, while taking the lowest possible risk in achieving this goal.
The stock closed yesterday at around fifty-seven cents a share.
In case you are not familiar with the company: Emerson Oil & Gas holds a 50% working interest in the W.T. Davis well and lands within Township 23 North and Range 13 West of Bossier Parish, Louisiana. The net revenue interest of the lease is 75%. The W.T. Davis Well is located in the Arkana Field and initially produced from the Haynesville Formation of the Cotton Valley Series. With the worldwide focus on energy needs being front and center in the public eye, Emerson feels that with its first class management and discretionary project choices, the company will continue to serve its shareholders well.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Dobson Communications Corp. (Nasdaq:DCEL) up 14.2% on 7.3 million shares traded, Chicago Bridge & Iron Company N.V. (NYSE:CBI) up 13.3% on 1 million shares traded and Monarch Services, Inc. (Nasdaq:MAHI) up 286.6% on 3.4 million shares traded.
Commentary:
"New home down payments received as 'gifts,' for those lucky enough to get such a gift, should be deposited up to three months before closing into your bank account. This will enable you to get the best rate at closing according to the Mortgage Bankers Association. Gift money sitting in your account shows to lenders that you have the money for the down payment; it is probably not a loan or has to be paid back, and is readily available for the transaction. It seems no aspect of money is left unquestioned by lenders," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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