WESTON, FL , CREDO Petroleum Corporation (NASDAQ: CRED) Blue
Dolphin Energy Company, (NASDAQ: BDCO), National Oilwell Varco,
Inc. (NYSE: NOV).
Having recently announced this month that it expects fiscal 2008
revenue to increase to $5,000,000 versus $3,000,000 for fiscal
2007, Striker Oil & Gas, Inc. (OTCBB: SOIS) should have
investors monitoring the stock closely. Yesterday the company, an
upstream U.S. oil and gas company, issued a press release
announcing that its first quarter results for fiscal 2008 reflect
revenues up over 266% compared to the same period in 2007.
This is great news for the company and its investors, as the
press release also states that the company increased its gross
profit from oil and gas operations in excess of 300% for the same
period to $700,867! According to the press release: During the
quarter ended March 31, 2008, Striker Oil & Gas realized an
increase in revenue of $856,787, or 266%, over the 2007 period. The
company experienced an increase in crude oil and condensate sales
of 2,455 barrels in 2008, or a 39% increase over 2007 levels, and
an increase in the price it received for its production from $50.60
per barrel to $97.71 per barrel, or 93%. The increased crude oil
sales were attributable to increased production at North Edna
Field, North Sand Hill Field, its discoveries at South Creole Field
and Catfish Creek Field and its acquisition of Welsh Field. Revenue
the company received from natural gas sales at its South Creole
Field increased to $316,856 which represented sales of 38,037 Mcf's
at an average price of $8.33 per Mcf. The company reported no gas
sales in the 2007 period.
Gross profit before depletion expense increased from $174,468
for the 2007 period to $700,867, an increase of 302%, for the 2008
period. As previously discussed, the company experienced a
significant increase in revenue from its recent discoveries and
acquisition which contributed to the increase in gross profit.
Striker Oil & Gas reported a net income applicable to common
shares of $394,762, or $.02 per share (basic and diluted) for the
quarter ended March 31, 2008, compared to a net loss of $1,503,884,
or $0.08 per share (basic and diluted) for the quarter ended March
31, 2007.
"We are pleased that our revenue growth continued in the first
quarter of the 2008 fiscal year, generated by internal growth. We
are confident that our existing projects, primarily our Catfish
Creek prospect, will continue to add to our revenue growth during
fiscal 2008," stated Kevan Casey, CEO of Striker Oil & Gas.
For the complete report of the company's audited consolidated
financial statements for the quarter ended March 31, 2008, please
review the company's Form 10-Q filed with the Securities and
Exchange Commission on May 20, 2008, at www.sec.gov.
Investors looking to benefit from the energy sector are going to
watch this one closely! On May 6th 2008, the company announced that
it expects fiscal 2008 revenue to increase to $5,000,000 versus
$3,000,000 for fiscal 2007. This would represent a 66% increase and
would be attributed to continued development and remediation of its
current prospects.
SOIS closed Wednesday at Sixty Eight cents a share.
In case you are not familiar with the company: Striker Oil &
Gas, Inc. is primarily engaged in the acquisition, development,
exploration and production of crude oil and natural gas. The
company acquires working interests in producing properties with
developmental potential and properties that offer relatively low
risk exploration potential for both crude oil and natural gas.
Striker Oil & Gas operates onshore along the Gulf Coast of
Texas and Louisiana as well as East Texas and Mississippi. The
Company strives to enhance asset value through application of
current production technology while keeping costs low. The
company's goal is to achieve a high return on its investment and
grow shareholder value.
CREDO Petroleum Corporation (NASDAQ: CRED) up 32.1% on 397,000
shares traded.
CREDO Petroleum Corporation is a publicly traded independent
energy company headquartered in Denver, Colorado. The company is
engaged in the exploration for and the acquisition, development and
marketing of natural gas and crude oil in the Mid-Continent and
Rocky Mountain regions.
Blue Dolphin Energy Company (NASDAQ: BDCO) up 29.8% on 1.8
million shares traded.
Blue Dolphin Energy Company is engaged in the gathering and
transportation of natural gas and condensate and production of oil
and gas.
National Oilwell Varco, Inc. (NYSE: NOV) up 2.9% on 15.3 million
shares traded.
National Oilwell Varco is a worldwide leader in the design,
manufacture and sale of equipment and components used in oil and
gas drilling and production operations, the provision of oilfield
services, and supply chain integration services to the upstream oil
and gas industry.
Market Commentary:
"Like a runaway train, oil prices soared past the $130 mark,
topping over $133 per barrel in afternoon trading, on news of a
report from the Energy Department's Energy Information
Administration, which said crude inventories fell by more than 5
million barrels last week. Analysts had expected a modest
increase," stated Sonja Rudd in Wall Street News Alert's daily
commentary continued at: http://www.WallStreetNewsAlert.com.
Let Wall Street News Alert help advertise for your company using
our effective awareness campaigns. If you're interested in telling
your story, we can help. Contact us at info@wallstreetnewsalert.com
or see our services at
http://www.wallstreetnewsalert.com/tPage.aspx?PAGE_TYPE=AU.
WSNA's email alert service is free to those investors who sign
up on the WSNA home page. The alert service is designed to notify
investors of undervalued and often overlooked stocks. Subscribers
are introduced to Special Situation companies that have the
potential of showing increased activity. The Wall Street News Alert
home page has experienced over 100 million hits. To subscribe to
this free service, visit the Wall Street News Alert home page at
http://www.wallstreetnewsalert.com and select the "join now"
button.
*** It has come to the attention of Wall Street News Alert
(WSNA), that various persons or companies distribute faxes bearing
similar names to Wall Street News Alert. Wall Street News Alert is
not affiliated with faxes bearing names such as: Wall Street Stock
Alert, Wall Street Investor Alert, Wall Street News Alert or any
other fax using various combinations of the generic words Wall
Street.***
Wall Street News Alert is a division of Wall Street Capital
Funding LLC (WSCF). WSCF also maintains a contractual, working
relationship with Stock Market Alerts LLC and its Wall Street Enews
brand. WSCF is not a registered broker/dealer and may not sell,
offer to sell or offer to buy any security. WSCF profiles are not a
solicitation or recommendation to buy, sell or hold securities. An
offer to buy or sell can be made only with accompanying disclosure
documents from the company offering or selling securities and only
in the states and provinces for which they are approved. The
material in this release is intended to be strictly informational.
The companies that are discussed in this release have not approved
the statements made in this release nor approved the timing of this
release. All statements and expressions are the sole opinion of
WSCF and are subject to change without notice. Information in this
release is derived from a variety of sources including that
company's publicly disseminated information, third parties and WSCF
research. The accuracy or completeness of the information is not
warranted and is only as reliable as the sources from which it was
obtained. WSCF disclaims any and all liability as to the
completeness or accuracy of the information contained and any
omissions of material fact in this release. The release may contain
technical inaccuracies or typographical errors. It is strongly
recommended that any purchase or sale decision be discussed with a
financial adviser, or a broker-dealer, or a member of any financial
regulatory bodies. Investment in the securities of the companies
discussed in this release is highly speculative and carries a high
degree of risk. WSCF is not liable for any investment decisions by
its readers or subscribers. Investors are cautioned that they may
lose all or a portion of their investment if they make a purchase
in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF
has been compensated for dissemination of company information on
behalf of one or more of the companies mentioned in this release.
WSCF has been currently compensated Twenty Three Thousand Dollars
(Eight Thousand Dollars for current services and Fifteen Thousand
Dollars for previous services) for coverage of Striker Oil &
Gas, Inc. (formally Unicorp Inc) (OTCBB: SOIS), by the company, for
services provided including dissemination of company information in
this release. WSCF was also previously compensated for services
rendered in 2006 & 2007; the previous compensation can be
viewed by looking at a previous WSNA, UCPI press release. WSCF
holds no shares of the stock. WSCF may receive additional
compensation for extension of its services. Any additional
compensation will be disclosed at such time that WSCF is aware of a
client's desire to extend the original services. WSCF may have
received shares of a company profiled in this release prior to the
dissemination of the information in this release. WSCF may
immediately sell some or any shares in a profiled company held by
WSCF and may have previously sold shares in a profiled company held
by WSCF. WSCF's services for a company may cause the company's
stock price to increase, in which event WSCF would make a profit
when it sells its stock in a company. In addition, WSCF's selling
of a company's stock may have a negative effect on the market price
of the stock.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and WSCF undertakes no
obligation to update such statements.
Contact email: Email Contact URL:
http://www.wallstreetnewsalert.com Company: Wall Street News
Alert
iShares Trust (NASDAQ:CRED)
Historical Stock Chart
From Jul 2024 to Aug 2024
iShares Trust (NASDAQ:CRED)
Historical Stock Chart
From Aug 2023 to Aug 2024