WESTON, FL -- (MARKET WIRE) -- 09/28/06 -- Wall Street News Alert's "stocks to watch" this morning are: International Oil & Gas Holdings (PINKSHEETS: IGHL), ConocoPhillips (NYSE: COP), Chesapeake Energy Corporation (NYSE: CHK) and Nabors Industries Ltd (NYSE: NBR).

International Oil & Gas Holdings Corporation (PINKSHEETS: IGHL) may be a target of aggressive investors and day traders this morning! Yesterday the company, a diversified holding company with joint ventures in the energy, technology, insurance, real estate and security sectors, issued a press release announcing that BlackStone Energy will become a wholly owned subsidiary of IGHL via a definitive merger agreement signed between the two companies.

News of the merger agreement should get the attention of investors! Founded in 1996, BlackStone Energy has developed and patented an ecologically safe, non-toxic and environmentally friendly extraction process of tar sand and heavy oil reserves. The 99.9% efficient, closed loop recovery process provides heavy oil readily available for delivery to the refinery and a saleable by-product of clean dry sand for commercial use. It is estimated that tar sand reserves in the U.S. exceed 40 billion barrels of heavy oil. At present, it is reported that 30% of U.S. oil is provided directly from imported tar sand product.

Continue to watch this company! BlackStone Energy will deliver the first domestically extracted tar sand oil product to a U.S. refinery within the next two weeks during its initial production demonstration run in Bartlesville, Oklahoma. Following these demonstrations, BlackStone expects to enter into strategic partnerships to develop reserves and collect simple royalty agreements on production. In addition, BlackStone is actively seeking additional leases upon which to deploy the technology.

Investors should continue to stay alert to news concerning International Oil & Gas Holdings! The BlackStone extraction process was developed by a team of scientists and engineers headed by Mr. Frank Glinton. Mr. Glinton has a multi-faceted history in the resource industry with a successful record in sales, marketing and management. He has spent 15 years in the environmental remediation sector of hydrocarbon cleanup. He is a highly recognized consultant on spill response programs domestically and internationally.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of International Oil & Gas Holdings! "We at IGHL are extremely excited about the acquisition of BlackStone Energy. We foresee our processing of tar sand oil to have a significant impact in the energy market. The BlackStone patented process is environmentally friendly and 99.9% operationally efficient, unlike any other processing means used in other countries that damage the ecological system of our planet. Patents have been issued and are pending in North America, South America, Asia, Australia, and many parts of the Russian Republic," stated Keith McAllister, CEO and Chairman of the Board of IGHL.

The stock closed yesterday at $2.70 a share.

For an in-depth profile of International Oil & Gas Holdings, visit http://www.thenewssvc.com/IGHL092706.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the company: International Oil & Gas Holdings Corporation (IGHL) is a holding company that partners with high-growth, profitable companies with great potential and powerful synergies while providing financial and/or management services to its Joint Venture partners and/or its subsidiaries. IGHL's primary focus is in the oil and gas energy sector. The company also has investments in energy technologies and insurance that give it a unique position in the market. Additionally, the company has diversified its investments by working with real estate and security companies that have synergies with its energy and insurance projects. The company is a full service petroleum distributor operating in business, government, and industry markets. The company is headquartered in Las Vegas, Nevada and its affiliates have offices in Dallas, Texas, Colorado and Southfield, MI.

ConocoPhillips (NYSE: COP) up 1.1% on 15.4 million shares traded. ConocoPhillips is an integrated petroleum company with interests around the world.

Chesapeake Energy Corporation (NYSE: CHK) down 0.5% on 12.4 million shares traded. Chesapeake Energy Corporation is one of the largest independent producers of natural gas.

Nabors Industries Ltd (NYSE: NBR) down 0.6% on 7.3 million shares traded. Nabors Industries Ltd. companies own and operate approximately 600 land drilling and approximately 790 land workover and well-servicing rigs in North America.

Market Commentary:

"In durable goods orders, items expected to last 3 years or longer, U.S.-made durable goods fell by 0.5% last month as there was a drop in aircraft, electronics, machinery, metals, and electrical goods. Economists were looking for a 0.7% rise. The weak demand in every sector except autos helped to cool down inflationary fears," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.

WSNA is a Platinum Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For their free service, visit www.qualitystocks.net.

*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fourteen Thousand Dollars for coverage of International Oil & Gas Holdings Corporation (PINKSHEETS: IGHL), by a third party (Level Marketing inc), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact email:
Email Contact
URL: http://www.wallstreetnewsalert.com
Company: Wall Street News Alert