GEFI Geo Finance Corp (CE)

FinancialNewsMedia.com "stocks to watch" for today: Geo Finance Corp. (PINKSHEETS: GEFI), Netflix, Inc. (NASDAQ: NFLX), Lululemon Athletica, Inc. (NASDAQ: LULU), and Bank of America Corp. (NYSE: BAC).

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After the markets closed for trading yesterday, Geo Finance Corporation (PINKSHEETS: GEFI) announced that the managing partner of the newly acquired Jackson A&D leases, Armurtex Oil Corporation (a private corporation) has retained GGP Exploration Ltd of Shreveport Louisiana to operate the 200 acre field located in Archer and Wichita Counties, Texas.

Watch the latest Video Press Release for Geo Finance Corp. here: http://youtu.be/POc0mhtArrA

The Jackson A&D lease has 30 existing closed wells and one injection well currently located thereon. As announced on November 9th, 2011, Geo Finance Corporation entered into an option agreement with Armurtex Oil Corporation whereby Armurtex partnered with GEFI to acquire the property.

The operator has identified the initial wells for rework and has established a budget for the necessary work. All of the wells identified were shut in the late 1990s with production, primarily due to low oil prices.

"Because of today's price of oil, a lot of the wells that were shut in during times of low oil prices are profitable again. We're in an excellent position to take advantage of higher oil prices and current technological improvements we're employing on our current properties and on our acquisitions," commented John Arnold, CEO of Geo Finance Corp.

Read the entire GEFI press release here: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=118

Netflix, Inc. (NASDAQ: NFLX) which closed up 13.78% on Monday (01/09/12) on 30.5 Mil shares traded was cut to underperform by Bank of America this morning saying the stock's 42% rise in the new year is "unwarranted." NFLX was fluctuating in premarket trading this morning, currently trading up slightly.

Lululemon Athletica, Inc. (NASDAQ: LULU) was up over 10% in premarket trading this morning as LULU boosts its outlook for Q4 as the retailer says a strong consumer reaction to its holiday assortment will lift same-store sales to a low-to-mid twenties percentage gain, higher than its initial estimate calling for growth in the low to mid-range.

Bank of America Corp. (NYSE: BAC) closed up 1.46% on Monday (01/09/12) on 240Mil shares traded. Bank of America shares rose over 2% in early premarket trading today after a report said the bank is cutting 15 managing directors in its Asia Investment Banking division.

Market Commentary: Goldman Sachs sees massive upside risk in oil prices.

Oil, gold and base metals are Goldman Sachs' top commodity picks this year, with big upside risk in oil due to tight fundamentals and a potential Iranian conflict, the investment bank said on Monday. Price increases in Brent crude already in the first weeks of the year mean Goldman's end-year target is only 13 percent away, but it is the commodity with the greatest potential to break above its target, Head of Commodities Research Jeff Currie said. "Oil we like the most from a fundamental basis but at $113 a barrel in the current environment is pretty rich," he told a strategy conference in London. Goldman expects Brent oil to end the year at $127.50 per barrel and trade at an average of $120 in 2012.

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