WESTON, FL , Exxon Mobil Corporation (NYSE: XOM), Chevron
Corporation (NYSE: CVX) and ConocoPhillips (NYSE: COP).
Having announced last week that it has gone into full oil and
gas production on the Crown Lease, Toro Ventures, Inc. (OTCBB:
TORO) should have the attention of investors and traders this
morning. Yesterday after the markets closed, the company issued a
press release announcing that Market Advisors Research has issued a
report on the company with an Intermediate Term Range of $2.80 per
share.
This should welcomed by investors. An excerpt from the Report
states, "The sharp rise in oil prices can be blamed on a growing
difficulty to meet demand with new supplies. The world's population
is expected to grow 50% to nine billion sometime by the middle of
this decade. With that, the number of cars and trucks is projected
to double in 30 years -- to more than 3 billion -- as developing
nations rapidly modernize. All of that and more will require a lot
more oil -- enough that oil consumption will jump by some 35% by
the year 2030, according to the International Oil Agency, a leading
global energy forecaster for the U.S. and other developed
nations."
The Report continues, "Toro Ventures Inc. is engaged in oil and
gas exploration, development, and production through newly acquired
properties with working interests in the production owned by
established oil and gas companies, whether public or private. Toro
Ventures recently entered into an LOI with Nitro Petroleum on the
Crown Oil and Gas Lease in Pottawatomie, County Oklahoma. This
Turnkey agreement provides that Toro acquires a 60% working
interest in the Crown Oil and Gas leases."
Toro Ventures is doing business in Oklahoma, which ranks as one
of the major oil-producing states in the country, with annual
production typically accounting for more than 3% of the total U.S.
production in recent years. Three of the one hundred largest oil
fields are located in Oklahoma. Toro seeks to build shareholder
value by pursuing tangible projects or assets through contacts and
relationships within the oil and gas sector as well as define
larger projects with joint venture partners."
The report's final analysis, "Smart money was picking up the
scent of what is believed to be a coming oil bonanza, buying into
some oil companies and acquiring others, grabbing title to proven
reserves around the world, and moving into any number of related
investments. We have witnessed that and we believe it could be just
the tip of the iceberg. By looking at the performance of oil
companies over the past year or so, it is quite evident that the
average investor has become almost completely oblivious of one of
the world's most profitable businesses. Our price objective of
$2.80 is based on today's price of $1.69."
Investors are urged to monitor the progress of the company!
Market Advisors, Inc. was founded in 1985 and since that time has
enjoyed numerous ratings success by independent market raters.
Headed by Jeff Helleberg and Doug Wetzel, Market Advisors provides
research and analysis on individual stocks as well as a mutual fund
management service which is based upon their top-rated timing
advice, and previously was a member of the Winners Circle(TM), an
elite group of market analysts providing daily market comments and
advice. Market Advisors, Inc. has also been ranked the #1 market
timing service for the period (1985-1990) according to the Hulbert
Financial Digest. Throughout our history the firm also served as an
advisor to brokerage firms and investment bankers.
Prior to the latest press release, the stock closed Tuesday at
$1.69 a share.
For an in-depth profile of Oncolin Therapeutics, visit
http://www.WallStreetNewsAlert.com/HotStocks/TORO052008/default.aspx.
Exxon Mobil Corporation (NYSE: XOM) up 0.2% on 26.8 million
shares traded.
Exxon Mobil Corporation engages in the exploration, production,
transportation and sale of crude oil and natural gas.
Chevron Corporation (NYSE: CVX) up 0.8% on 16.1 million shares
traded.
Chevron Corporation is one of the world's leading integrated
energy companies, with subsidiaries that conduct business.
ConocoPhillips (NYSE: COP) up 0.9% on 15.3 million shares
traded.
ConocoPhillips is an integrated petroleum company with interests
around the world.
Market Commentary:
"Oil prices spiked to a new trading high Tuesday, sweeping
toward $130 a barrel as supply concerns intensified the momentum
buying that has lifted crude deeper into record territory.
Gasoline, meanwhile, reached an average of $3.80 at the pump for
the first time," stated Sonja Rudd in Wall Street News Alert's
daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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