Beacon Equity Issues Technical Trade Alerts on Basic Materials Stocks: VRNM, BP, XOM, CVX, PTR, COP
Verenium Corp. (VRNM) shares dropped nearly 9% to $3.03 Thursday morning, retracting from yesterday’s 64% surge after news that the company entered a partnership with UK-based energy giant BP Plc to accelerate the commercialization of cellulosic ethanol.
(EMAILWIRE.COM, August 08, 2008 ) DALLAS, Texas - Today’s Trade Alerts include: Verenium Corp. (Nasdaq: VRNM), BP Amoco Plc (NYSE: BP), Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX), PetroChina Company Limited (NYSE: PTR) and ConocoPhillips (NYSE: COP).
“Verenium Corp. (VRNM) shares dropped nearly 9% to $3.03 Thursday morning, retracting from yesterday’s 64% surge after news that the company entered a partnership with UK-based energy giant BP Plc to accelerate the commercialization of cellulosic ethanol. Verenium, together with its subsidiaries, engages in the development and production of specialty enzyme products, and production and commercialization of biofuels...
“Under the partnership, BP will pay Verenium $90 million over the next 18 months for the rights to Verenium's cellulosic ethanol production technology. In turn, BP will develop commercially viable, environmentally sound cellulosic ethanol plants in the United States and possibly abroad…
“Verenium operates in two segments, Biofuels and Specialty Enzymes. The Biofuels segment focuses on the production and commercialization of biofuels, primarily ethanol from cellulosic biomass, while the Specialty Enzymes segment develops customized enzymes for use in alternative fuels, specialty industrial processes and animal nutrition and health markets...”
“BP Amoco Plc (BP) shares slightly rose Thursday morning, up 1% to $62.20. BP provides fuel for transportation, energy for heat and light, retail services and petrochemicals products…
“The company recently said it has formed a partnership with Verenium Corp. to speed development and sales of alternative motor fuel ethanol made from non-food sources…
“The $90 million partnership is a combination of technical abilities and operations of the companies to advance development of plants to make cellulosic ethanol, which is made from the tough woody bits of sugar cane and corn crop waste and hardy crops like switchgrass…”
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BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.BeaconEquity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.BeaconEquity.com
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Verenium Corp. (Nasdaq: VRNM). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com
“Verenium Corp. (VRNM) shares dropped nearly 9% to $3.03 Thursday morning, retracting from yesterday’s 64% surge after news that the company entered a partnership with UK-based energy giant BP Plc to accelerate the commercialization of cellulosic ethanol. Verenium, together with its subsidiaries, engages in the development and production of specialty enzyme products, and production and commercialization of biofuels...
“Under the partnership, BP will pay Verenium $90 million over the next 18 months for the rights to Verenium's cellulosic ethanol production technology. In turn, BP will develop commercially viable, environmentally sound cellulosic ethanol plants in the United States and possibly abroad…
“Verenium operates in two segments, Biofuels and Specialty Enzymes. The Biofuels segment focuses on the production and commercialization of biofuels, primarily ethanol from cellulosic biomass, while the Specialty Enzymes segment develops customized enzymes for use in alternative fuels, specialty industrial processes and animal nutrition and health markets...”
“BP Amoco Plc (BP) shares slightly rose Thursday morning, up 1% to $62.20. BP provides fuel for transportation, energy for heat and light, retail services and petrochemicals products…
“The company recently said it has formed a partnership with Verenium Corp. to speed development and sales of alternative motor fuel ethanol made from non-food sources…
“The $90 million partnership is a combination of technical abilities and operations of the companies to advance development of plants to make cellulosic ethanol, which is made from the tough woody bits of sugar cane and corn crop waste and hardy crops like switchgrass…”
Investors can view all of the TraderNotes and investment articles for free by visiting:
http://www.beaconequity.com/m
Join the fastest growing investor community at:
http://www.stocknetworkonline.com/
BeaconEquity.com’s Market News is one of the fastest growing small cap blogs in the investment community. Beacon is the authority on research in the small cap sector, and our analysts strive each day to find the stocks that are poised to be the biggest movers before the rest of the market is aware of them.
We encourage investors to subscribe to our FREE newsletter filled with daily trading ideas by visiting: http://www.BeaconEquity.com/m
BeaconEquity.com is one of the industry’s largest small cap research providers. Beacon strives to provide a balanced view of many promising small cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the publicly available information available on them. For more information on Beacon Research, please visit: http://www.BeaconEquity.com
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Verenium Corp. (Nasdaq: VRNM). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com
Contact Information:
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Beacon Equity Research
Jeff Bishop
Tel: (469)-252-3505
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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