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 for investors. -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 considered independent. 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 dealer. 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, as amended. 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. Thomas Clay (941) 544-3498 Provider ID: 00066349 -0- Oct/27/2004 12:21 GMT
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eLocity Inc.: Wednesday's Energy Stock Watch Alerts Issued for:
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