Wall Street News Alert's "stocks to watch" this morning are: Petroleum Consolidators of America Incorporated (PINKSHEETS: PCAI), Century Aluminum Company (NASDAQ: CENX), Suncor Energy Inc. (NYSE: SU) and ADC (NASDAQ: ADCT).
Petroleum Consolidators of America Inc. (PINKSHEETS: PCAI) seems to be ramping up as it prepares to close on its two recently announced Definitive Purchase and Sale agreements in the first quarter of 2007! Yesterday, after the stock markets had closed, the company (a development stage company focusing on land acquisition, ownership and operations of a portfolio of retail gasoline stations) issued a press release announcing that it has created its four member advisory board, which represents a significant milestone in PCAI's business expansion.
Douglas Martin, Chairman of the Board of Petroleum Consolidators stated, "We are extremely excited about the creation of this four member advisory team as their combined qualifications will greatly assist us in streamlining the integration process of our first two acquisitions that were announced on November 8, 2006 and December 1, 2006."
From these two deals alone, the company believes that it will pick up $7.5 million in annual gross revenue and $475,000 in gross income!
Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Petroleum Consolidators of America! "Our first two advisory board members are seasoned professionals with over 15 years in the gasoline retailing industry. They have strong operating backgrounds, together with retail gasoline site development experience. Our other two members are actively involved in the commercial real estate and investment banking industries with over 30 years of combined experience in their respective industries." Furthermore, Martin stated, "These individuals have been selected for our advisory board based on their varied backgrounds and individual skill sets. We are fully confident that our team members will provide timely and valuable input on all material matters relating to our business model."
Prior to the latest press release, the stock closed yesterday at Fifty cents a share.
For an in-depth profile of Petroleum Consolidators of America, visit http://www.thenewssvc.com/PCAI121306.html
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Century Aluminum Company (NASDAQ: CENX) up 5.4% on 3.1 million shares traded. Century Aluminum Company owns primary aluminum capacity in the United States and Iceland, as well as an ownership stake in alumina and bauxite assets in the United States and Jamaica.
Suncor Energy Inc. (NYSE: SU) up 1.5% on 2.5 million shares traded. Suncor Energy Inc. is an integrated energy company.
ADC (NASDAQ: ADCT) up 2.6% on 11.7 million shares traded. ADC provides the connections for wireline, wireless, cable, broadcast, and enterprise networks around the world.
"The Commerce Department reported that for November retail sales were up by 1.1%, better than the anticipated 0.2%, and automobile sale gains were up by 0.9%. Retail sales account for 50% of consumer spending and total consumer spending accounts for 66% of the GDP. GDP is being revised upward to 2.5% for the final quarter of 2006 by some economists," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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