Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009
November 06 2009 - 7:38AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are: Navajo
Wind Energy Corp. (PINKSHEETS: CLBN), Freeport-McMoRan Copper &
Gold Inc. (NYSE: FCX), Teck Resources Limited (NYSE: TCK) and Baker
Hughes Inc. (NYSE: BHI).
Yesterday after the markets closed, Navajo Wind Energy Corp.
(formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) issued a press
release announcing that it has taken delivery of 10 of the 53 wind
turbines per the manufacturing supply agreement with China Lao
Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its
120.80 MW wind farm project in Liaoning Province, China. Navajo
Wind Energy is a renewable energy company focused on creating
electricity from the power of wind.
The Agreement includes provisions for supplying the China Lao
Gaixian Project with 53 complete wind turbines, as well as testing
and commissioning services. The Agreement also provides for
operations and maintenance services to be provided to China Lao
Gaixian Wind L.P. over a two-year period. This agreement is
anticipated to result in approximately US$65 million in revenue
over its duration.
The stock closed yesterday at a Penny a share.
For an in-depth profile of Navajo Wind Energy, visit
http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110509.
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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 2.3% on
15.3 million shares traded.
FCX is a leading international mining company with headquarters
in Phoenix, Arizona.
Teck Resources Limited (NYSE: TCK) up 4.7% on 8.1 million shares
traded.
Teck is a diversified resource company committed to responsible
mining and mineral development with major business units focused on
copper, metallurgical coal, zinc, gold and energy.
Baker Hughes Inc (NYSE: BHI) up 3% on 5.7 million shares
traded.
Baker Hughes provides reservoir consulting, drilling, formation
evaluation, completion and production products and services to the
worldwide oil and gas industry.
Market Commentary:
Oil is down as U.S. crude for December lost 78 cents to settle
at $79.62. London Brent crude fell 90 cents to settle at
$77.99.
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