eLocity Inc.: Wednesday's Energy Stock Watch Alerts Issued
for: FDEI, PQUE, DPTR, TIDE
SARASOTA, Fla., Oct. 27, 2004 (PRIMEZONE) -- The following is an
investment opinion issued by eLocity Inc.:
Fidelis Energy, Inc. (OTCBB:FDEI), PetroQuest Energy, Inc.
(Nasdaq:PQUE) Delta Petroleum Corp. (Nasdaq:DPTR) and Tidelands Oil &
Gas Corporation (OTCBB:TIDE).
Investors will surely want to keep an eye on oil and gas company
Fidelis Energy, Inc. (OTCBB:FDEI) as the company announced after the
closing bell Tuesday, that they have negotiated, arranged and secured
$5 million in financing to forward its oil and gas projects. The line
of credit is secured by production, specifically from the North
Franklin Project gas sales that is expected to be in production
shortly. In a prior news release, Fidelis Energy stated that they plan
to steam a number of the 19 wells on the Comanche Point property to
increase the heavy oil daily production.
FDEI has been seeing its price rise $.50 for the month of October.
On the Nasdaq;
PetroQuest Energy, Inc. (Nasdaq:PQUE)
Independent oil and natural gas reserve energy company, PetroQuest
Energy, Inc., announced on Tuesday that its production for the third
quarter of 2004 was 41.2 Mmcfe per day net to the company, which is
within its previously issued guidance of 40-42 Mmcfe per day.
PetroQuest said that the majority of its Gulf of Mexico offshore
facilities previously evacuated and shut-in due to Hurricane Ivan have
returned to full operations.
PQUE closed Tuesday at $5.11 on volume of 584,889 shares.
Delta Petroleum Corp. (Nasdaq:DPTR)
Shares of Delta Petroleum Corp. stock traded on 3 times its average
daily volume on Tuesday, at 1,509,658 shares. DPTR ended the trading
session higher by 31 cents at $14.65.
On the OTCBB;
Tidelands Oil & Gas Corporation (OTCBB:TIDE)
Tidelands Oil & Gas Corp. announced on Tuesday that Bob Dowies is their
new Vice President of Gas Markets and Supply. The company said that Mr.
Dowies is an energy marketing professional with thirty years of
successful leadership in the oil and gas industry, and that he will
play an instrumental role in the evaluation of pipelines and their flow
capacity, and will evaluate existing and future supply and demand in
regions where Tidelands delivers gas and petroleum-related products.
TIDE closed Tuesday's trading session up 2 cents at $0.80.
About eLocity Inc: eLocity owns and operates three financial websites
-PennyPicks.com, http://www.pennypicks.com/. Featuring active message
boards for the penny stock trader, rumors and more.
-StockGrid.com, http://www.stockgrid.com/. Visit this site for our
daily top stock "GRID Makers". We rank stocks on volume, message board
activity, sentiment and trend forecast.
-Bell2Bell.com, http://www.bell2bell.com/. Bell2Bell features news
stories, rumors, the InvestBoard and more.
Sign up for FREE at any of the sites above.
The newsletter is provided by eLocity Inc., an electronic broadcaster
and publisher of this newsletter, is here after referred to as "the
company". The company is to receive compensation for newsletter
services for Fidelis Energy. (public company). The compensation is
fifty thousand dollars and earlier received thirty-three thousand
dollars for prior services all from a non-affiliated third party,
Knights Bridge Capital. Because the company received compensation for
its services, there is an inherent conflict of interest in the company
statements and opinions and such statements and opinions cannot be
The company reserves the right to trade in securities mentioned herein,
and may make purchases or sales in such securities featured within our
newsletter reports. The information contained in this publication is
for informational purposes only, and not to be construed as an offer to
sell or solicitation of an offer to buy any security. The company makes
no representation or warranty relating to the validity of the facts
presented nor does the company represent or warrant that all material
facts necessary to make an investment decision are presented above. All
statements of opinions, if any, (Our Summary) are those of the company.
The company relies exclusively on information gathered on the public
company, such as public filings, press releases and its web sites.
Investors should use the information contained in this publication as a
starting point for conducting additional research on the public company
in order to allow the investor to form his or her own opinion regarding
the public company. Factual statements contained in this publication
are made as of the date stated and they are subject to change without
notice. The company is not a registered investment adviser, broker or a
Investing in the public company that this newsletter is providing
service for should be reviewed is speculative and a high-risk and may
result in the loss of some or all of any investment made in the client.
This release may contain statements that constitute 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,
The words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," and similar expressions and variations thereof are
intended to identify forward-looking statements.
CONTACT: eLocity Inc.
Provider ID: 00066349
-0- Oct/27/2004 12:21 GMT
Press spacebar to pause and continue. Press esc to stop.