BDK Black & Decker Corp.

Wall Street News Alert's "stocks to watch" this morning are: PrimeGen Energy Corporation (PINKSHEETS: PGNE), Union Pacific Corporation (NYSE: UNP) and Black & Decker Corp. (NYSE: BDK).

This morning, PrimeGen Energy Corporation (PINKSHEETS: PGNE) issued a press release announcing that its wholly owned Russian subsidiary OOO Verkhne Michayu Group has been awarded the Layevozhskoye oil and gas exploration license in the Baltic Basin in Western Russia.

The primary reason for applying for this license is the high potential of the Paleozoic shales that could lead to a commercial shale gas development similar to the Barnett Shale in the United States. In addition, PrimeGen believes that while testing the shale gas potential of the area there are conventional oil targets above and below the shale intervals further reducing the risk of exploration.

The vast majority of the area of the Baltic basin is under license or under application by numerous domestic and international companies. This award therefore gives PrimeGen access to a highly desirable region, during a period of considerable competition. The License is valid for up to 10 years and covers a work program which includes geological studies, seismic acquisition and a one well drilling obligation. If a discovery is made the term extends to 25 years with an additional 25 years, if required.

Robert Charlton, CEO of PrimeGen, commented, "We are excited to expand our portfolio in Russia into the underexplored Baltic Basin. There is a potentially significant unconventional gas play in the Paleozoic shales that we believe will unlock an overlooked high potential play in the wider region. We also believe there is significant potential that has been overlooked in several conventional targets on the license."

In other news, yesterday after the markets closed, PrimeGen reported it has filed its Initial Company Information and Disclosure Statement with the Pink Sheets OTC Disclosure and News Service. The company has also submitted its annual and quarterly reports through the service and is fully up to date on its financial filings. With the Initial Company Information and Disclosure Statement posted, the company also posted a required attorney opinion letter to meet all the requirements necessary to be placed in the "Current Information" classification.

The Initial Company Information and Disclosure Statement includes details of the company's history, its current share structure, financial information, and management's plan of operation. "While this filing is just part of the process of achieving 'Current Information' status, it contains information that we believe is of interest to our shareholders," Robert Charlton, CEO of PrimeGen Energy Corp.

The stock closed yesterday at around Eight cents a share.

For an in-depth profile of PrimeGen Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=PGNE_110309.

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Union Pacific Corporation (NYSE: UNP) up 7.9% on 19.7 million shares traded. Union Pacific Corporation owns one of America's leading transportation companies.

Black & Decker Corp. (NYSE: BDK) up 30.9% on 18.2 million shares traded. Black & Decker is a leading global manufacturer and marketer of power tools and accessories, hardware and home improvement products, and technology-based fastening systems.

Market Commentary:

The average price for a gallon of regular gasoline fell a half penny overnight to $2.686, according to auto club AAA, Wright Express and Oil Price Information Service. That's 22.5 cents more than a month ago, and 27.1 cents more than gas cost at this time last year.

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