FinancialNewsMedia.com "stocks to watch" for today: AER Energy Resources, Inc. (PINKSHEETS: AERN), Sunpeaks Ventures, Inc. (OTCBB: SNPK), Micron Technology, Inc. (NASDAQ: MU), Bank of America (NYSE: BAC).
Breaking News Alert: Thursday before the markets opened for trading, AER Energy Resources, Inc. (PINKSHEETS: AERN) was pleased to announce it has entered into a 50/50 Partnership to participate in reworking nine shallow oil wells in Kansas. The Company will rework each of the nine wells through proven secondary recovery techniques and take part in drilling up to four additional new off-set wells, while continuing to utilize the latest proven drilling technologies for maximum efficiency, and cost effectiveness.
Stanley F. Wilson, AER Energy Resources, Inc. President and CEO, stated, "AER Petroleum, Inc. under the watchful eye of its President Al Karmali, plans to complete the Kansas reworks this summer and will begin secondary recovery operations in July." Mr. Wilson added, "Funding for the participation and related drilling expense has been committed and reworks are expected to produce up to 20 BOPD and $60,000.00 in new monthly revenues upon completion."
Al Karmali, AER Petroleum President, stated, "CNCB recently reported that Oil Companies have already reaped fortunes off the Mississippian Lime Play in Oklahoma and are now following the rock formation northward into Kansas, where millions of acres of mineral rights have been leased in the past two or three years. We are right on top of the Oil play in KS and look forward to completing the reworks so we can begin the off-set drilling of wells within this formation."
Read the entire AERN press release announcing the new partnership along with their full disclosure here: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=146
As Energy Resource Companies are gaining major attention through the investment community, investors are urged to research this stock further. AERN is currently trading up 6% on 11.1Mil shares.
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Sunpeaks Ventures, Inc. (OTCBB: SNPK) recently announced that HDS has entered into an agreement with DS Healthcare Limited to assist in introducing Clotamin to the UK/EU market. SNPK is up over 9% and 9Mill shares traded so far today (4/12/12).
Micron Technology, Inc. (NASDAQ: MU) recently announced results of operations for its second quarter of fiscal 2012, which ended March 1, 2012. For the second quarter, the company had a net loss attributable to Micron shareholders of $224 million, or $0.23 per diluted share, on net sales of $2.1 billion. MU is up over 3% on 17.7Mil shares so far in Thursday's trading session.
Bank of America (NYSE: BAC) was recently ranked second overall among the world's top financial institutions and was the highest ranked U.S.-based global financial company in the recently released Bloomberg Markets magazine's "Greenest Banks" report. This distinction adds to the growing list of global recognition Bank of America has received for the lending, investing and advisory services it provides under the company's 10-year, $20 billion environmental business initiative, as well as operational achievements.
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