Wall Street News Alert: Breaking News: WWEI -- July 21, 2010
21 Julho 2010 - 10:38AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are:
Welwind Energy International Corp. (OTCBB: WWEI), Schlumberger
Limited (NYSE: SLB), Apache Corporation (NYSE: APA) and Devon
Energy Corp. (NYSE: DVN).
Yesterday after the markets closed, Welwind Energy International
Corp. (OTCBB: WWEI) issued a press release announcing that Mr.
Simon Wong, Director of Welwind Energy, has successfully negotiated
terms and conditions for financing of the Company's Inner Mongolia
project. The financing is for $105 Million Rmb ($15.5 Million USD).
Terms and conditions of the financing to be announced, along with
the name of the funder, upon closing.
Company would like to thank Mr. Wong for his success in
coordinating the financing for the Company and his efforts in
marketing Welwind Energy within the Hong Kong financial community.
Mr. Wong continues to work on Welwind's behalf on many aspects of
finance, along with mergers and acquisitions.
In order to further the company's finance and expansion efforts,
Welwind has opened an Office in Hong Kong, to be headed by Mr.
Wong. "Hong Kong has been ranked # 1 globally in 2009 for IPO
fundraising -- US$31.3 billion, and # 4 globally in terms of total
funds raised, including post-IPOs, of US$81.4 billion. Opening an
office in Hong Kong will allow Welwind to have access to these
Asian investors," said Larry McNabb, President of Welwind Energy.
Adds McNabb, "With a large demand by Asian Investors wanting to
invest in Welwind Energy, Welwind's Hong Kong office will begin
exploring the option of a dual listing on the Hong Kong Stock
Exchange. Companies are attracted to listing on the Hong Kong
Exchange to benefit from the market's liquidity, attractive
valuations and access to investors in Asia."
The stock closed yesterday at a Penny a share.
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Schlumberger Limited (NYSE: SLB) up 3.2% on 13.8 million shares
traded. Schlumberger is the world's leading supplier of technology,
integrated project management and information solutions to
customers working in the oil and gas industry worldwide.
Apache Corporation (NYSE: APA) up 3.3% on 4.3 million shares
traded. Apache Corporation is an oil and gas exploration and
production company with operations in the United States, Canada,
Egypt, the United Kingdom North Sea, Australia and Argentina.
Devon Energy Corp. (NYSE: DVN) up 2.8% on 3.2 million shares
traded. Devon Energy Corporation is an Oklahoma City-based
independent energy company engaged in oil and gas exploration and
production.
Market Commentary: The jobless rate declined in 39 states and
Washington, D.C. last month, the Labor Department said Tuesday.
That's a slight improvement from May, when 37 states saw their
rates decline.
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