GeoGlobal Resources, Inc., an oil and natural gas exploration and development company focusing on India, has announced another step forward in its bid for oil off the coast of eastern India, as part of a consortium led by GSPC (Gujarat State Petroleum Corporation). The company has announced that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained.

The Field Development Plan includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells, which include three slant wells and eight multilateral wells to be drilled.

Production facilities will include the following:

• Two offshore platforms (one well head and one central processing) • 20 kilometer long pipeline of 24 inch diameter up to landfall point • One onshore gas terminal, to include a gas sweetening unit, gas dehydration unit, dew point depression unit, condensate

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We are upgrading our recommendation on the shares of Loews Corp. (L) to Neutral. The company’s third-quarter earnings of $1.08 per share was well ahead of the Zacks Consensus Estimate of 87 cents a share. Loews reported a loss of 33 cents a share in the year-ago quarter.   The improved earnings were driven by increased investment income and a considerable reduction in investment losses at CNA Financial Corp. (CNA), besides strong results at Diamond Offshore Drilling Inc. (DO).    While the spin-off of Lorillard in 2008 eliminated the company’s overhang of tobacco litigation and the strong rebound in investment income is impressive, we think that the continuation of a stressed economic environment will have a restrictive effect on the top-line growth of the company.   The recent financial market appreciation bodes well for Loews. Both the holding company as well as the subsidiary, CNA, has experienced

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Magnum Hunter Resources Corp. announced today a three-year, senior secured, revolving credit facility with the Bank of Montreal (BMO). This new $150 million bank facility will be regulated via a semi-annual redetermination of its borrowing base, whose value will be allocated to MHR’s proved crude oil and natural gas reserves.

MHR, and its subsidiaries, is an independent oil and natural gas exploration and production company based in Houston, Texas. Focused on leveraging the expertise of its management team to create maximal value for its shareholders, MHR enjoys an annual ROI of approximately 37%. The price of shares jumped 11% in early trading this morning on news of the commitment of the new bank facility.

With an initial sum of $25M in borrowing based on the market value of its crude oil and natural gas assets, which may be realized through acquisition or discovery as time progresses, a commitment ceiling of

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On Oct 1, 2009, the North California Utilities Commission (NCUC) approved Progress Energy Carolinas' plan to build new a natural gas-fueled power generation plant in Wayne County. The commission approved a certificate of public convenience and necessity for Progress Energy Carolinas' proposed 950-megawatt (MW) combined-cycle power plant, with a projected investment of about $900 million.  Raleigh, North Carolina-based Progress Energy Inc. (PGN) is engaged in both regulated electric operations (in southeastern US) and unregulated businesses, which include competitive power generation, energy marketing and trading, natural gas exploration and production, and synthetic coal production.  Progress plans to build the Wayne County plant near the HF Lee coal-fired facility located on the Neuse River in Wayne County near Goldsboro. Once the new plant becomes functional in 2013, the company plans to retire the three coal units at Lee, which entered service in 1950s and 1960s.  The natural gas-fueled ...

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Thursday September 24, 2009

DrStockPick.com Stock Report!

CSRH, CME, PWRM, GRMN, CVAT, HERO, CVX

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CSRH, Consorteum Holdings Inc, CSRH.OB

CSRH is a company in the financial services, payment and transaction processing industries.

CSRH provides electronic transaction processing and management services to financial institutions, healthcare, government, public and private sector companies. CSRH’s services provide customized, innovative technology solutions that create, augment and enhance customers’ existing financial, payment and transactional processing systems.

CSRH has established an agreement with a third party partner within the payment processing industry to offer Merchant Discount Rates. Consorteum will leverage this new partnership to offer competitive Merchant Discount Rates and

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X-Treme Hot Stock Alert by DrStockPick.com

CHRT, PWRM, CEO, NWMT

 

Monday September 7, 2009

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CHRT, Chartered Semiconductor Manufacturing Ltd.

CHRT, one of the world’s top dedicated semiconductor foundries, offers leading-edge technologies down to 40/45 nanometer (nm), enabling today’s system-on-chip designs.

Advanced Technology Investment Co. (owned by the Abu Dhabi government), is agreed to buy CHRT, the Singapore foundry chipmaker, for US$1.8 billion in cash, in a deal that would create a chip foundry that could better compete with Taiwan’s leading contract chip manufacturers (like TSMC and other major manufacturers).

 

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PWRM, Power 3 Medical Products Inc, PWRM.OB

PWRM is a leading bio-medical

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DrStockPick.com Stock Report!

Tuesday August 11, 2009

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WABCO Holdings Inc. (NYSE: WBC) (www.wabco-auto.com), a global technology leader and tier-one supplier to the commercial vehicle industry, today announced that WABCO and Ashok Leyland, the Indian flagship of the Hinduja Group, have completed an agreement for development of transmission automation technology and the long term supply of automated manual transmission (AMT) systems from 2010 through 2015.

TeleCommunication Systems, Inc. (NASDAQ: TSYS), a leading provider of mission-critical wireless communications, today clarified the first office action (FOA) issued last week by the U.S. Patent & Trademark Office in its inter partes re-examination of U.S. Patent No. 6,985,748, titled “Inter-Carrier Short Messaging Service Providing Phone Number

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Canadian Natural Resources Limited (...

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