Wall Street News Alert's "stocks to watch" this morning are:
Striker Oil & Gas, Inc. (OTCBB: SOIS), Exxon Mobil Corporation
(NYSE: XOM), Aflac Incorporated (NYSE: AFL) and Wells Fargo &
Company (NYSE: WFC).
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The 2008 financial numbers are in, and Striker Oil & Gas,
Inc. (OTCBB: SOIS) should have investors looking at this stock very
closely. Yesterday after the markets closed, the company, an
upstream U.S. oil and gas company, issued a press release
announcing that its fiscal 2008 revenue increased by 24% to
$3,800,000 compared to the same period in 2007.
The company missed its previous guidance of $5,000,000 due to a
disruption in its production from both Hurricanes Gustav and Ike
and also the significant drop in hydrocarbon prices; however, the
company has since restored production and does not anticipate any
further issues caused by the previous hurricanes.
"Although 2008 proved to be a very challenging year we are
pleased that we were still able to achieve positive revenue growth
over the previous year. We will continue to focus on our Catfish
Creek Prospect and believe this will be the main factor in our
continued growth for 2009," said Kevan Casey, Chief Executive
Officer of Striker.
Investors are urged to carefully monitor the progress of this
company!
SOIS closed yesterday at around Four cents a share.
For an in-depth profile of Striker Oil & Gas, visit
http://www.WallStreetNewsAlert.com/HotStocks/SOIS012709/default.aspx.
In case you are not familiar with the company: Striker Oil &
Gas, Inc. is an upstream U.S. oil and gas company. The company is
engaged in the search for and sale of oil and gas reserves through
both exploratory drilling and the acquisition of producing
properties. Striker's objective is to cost efficiently develop
these properties and market the oil and gas production at the
wellhead. Striker is strategically focused along the Texas Gulf
Coast, East Texas and South Louisiana in areas of developed
infrastructure and established markets.
Exxon Mobil Corporation (NYSE: XOM) up 0.4% on 38.5 million
shares traded.
Exxon Mobil Corporation is one of the leading international
energy companies whose subsidiaries have operations in most of the
world's countries.
Aflac Incorporated (NYSE: AFL) up 12.8% on 24.3 million shares
traded.
Aflac products have given policyholders the opportunity to
direct cash where it is needed most when a life-interrupting
medical event causes financial challenges.
Wells Fargo & Company (NYSE: WFC) up 4.5% on 77.2 million
shares traded.
Wells Fargo & Company is a diversified financial services
company with $1.4 trillion in assets, providing banking, insurance,
investments, mortgage and consumer finance through more than 11,000
stores, over 12,000 ATMs and the internet (wellsfargo.com) across
North America and internationally.
Market Commentary:
Housing News: The Standard & Poor's/Case-Shiller 20-city
index of home prices released Tuesday tumbled by a record 18.2
percent from November 2007, the largest decline since its inception
in 2000.
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