SARASOTA, Fla., Dec. 6, 2004 (PRIMEZONE) -- The following is an investment opinion issued by eLocity Inc.:
Investors may want to keep an eye on Emerson Oil and Gas, Inc., (Pink Sheets:EOGI), AES Corporation (NYSE:AES), Biomira Inc. (Nasdaq:BIOM) and GPS Industries Inc. (OTCBB:GPSN).
Monday's Alert:
Energy investors will want to watch Emerson Oil and Gas, Inc., (Pink Sheets:EOGI). Emerson announced on Friday after the closing bell that; "its Company's consulting geologist has reviewed seismic, well log, and geological data to determine additional drilling opportunities on the company's 50% working interest property in Louisiana. The Company's geologist had identified additional step out opportunities and is preparing an AFE cost estimate to drill these wells."
Good news for investors in that Emerson Oil and Gas expects to finish 2004 very strong, and the company is very excited about the prospects moving into 2005.
EOGI trades at around .25 a share.
AES Corporation (NYSE:AES)
Shares of AES Corporation closed Friday's regular trading session at $12.42, up 20 cents on volume of 2 million shares. On Thursday the company announced that Chivor S.A. E.S.P., an indirect subsidiary located in Colombia and owned through AES Gener S.A., successfully completed a US$253 million refinancing in the international capital markets and Colombian bank markets, representing AES's fifth significant subsidiary transaction completed this year in emerging markets.
Biomira Inc. (Nasdaq:BIOM)
Biotechnology company Biomira Inc. and development partner, Merck KGaA of Darmstadt, Germany, announced Friday that the median survival in a study involving a lung cancer vaccine has yet to be reached after 23 months in a subset of patients. Median survival is defined as the point at which half of patients treated are still alive.
BIOM closed Friday's regular trading session at $3.28 on volume of just under 85 million shares.
GPS Industries Inc. (OTCBB:GPSN)
Wi-Fi wireless and GPS-enabled multimedia communications and management solutions company, GPS Industries Inc., announced Friday that Greg Norman's Great White Shark Enterprises has committed to financing of $3 million in GPS Industries.
GPSN closed Friday's trading session at $0.185 on volume of 3.5 million shares.
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