SARASOTA, Fla., Nov. 23, 2004 (PRIMEZONE) -- eLocity's stocks to watch for today are: Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG), ZAP (OTCBB:ZAPZ), PortalPlayer Inc. (Nasdaq:PLAY) and Apple Computer (Nasdaq:AAPL).
Aggressive stock traders and investors, take a look at Deep Well Oil & Gas, Inc. (Pink Sheets:DWOG). Monday after the bell, the company issued a press release announcing the "Operational Update" and that they have filed an application with the Alberta Energy and Utilities Board (AEUB) for a license to drill the first of two proposed development wells at Sawn Lake, Alberta. The company stated in the release that, "Upon issuance of a drilling license, Deep Well Oil & Gas, Inc. will have obtained all regulatory approvals including mineral surface leases, forestry approval, surveys, road use agreements; prior to initiating field operations and anticipates site construction to commence thereafter."
Deep Well Oil & Gas is an Alberta Canada based corporation founded, directed and managed by career oil industry personnel with proven management and heavy oil expertise. Deep Well Oil & Gas has secured an 80% operating interest in 63 contiguous sections (NET 50.4 sections or 32,256 acres/12,902 hectares to Deep Well) of oil sands leases in the Sawn Lake oil sands in North Central Alberta, Canada.
DWOG is currently trading around 89 cents a share.
Stocks in the News on Monday:
ZAP (OTCBB:ZAPZ)
Clean transportation technologies company, ZAP, announced Monday that after five years on the market in Europe, the 60-MPG SMART car was granted a certificate of conformity by the U.S. Environmental Protection Agency, allowing the company to sell the car in the U.S.
ZAPZ closed Monday at $3.16, up $1.41 on volume of over 1.8 million shares.
PortalPlayer Inc. (Nasdaq:PLAY)
Shares of PortalPlayer Inc. climbed to an intra-day high Monday of $30.30, after their initial public offering on Friday was priced at $17 per share.
PLAY closed Monday's regular trading session at $28.76, up $2.96 (11.47%) on volume of 3,679,851 shares.
Apple Computer (Nasdaq:AAPL)
Shares of Apple Computer climbed to a four-year high on Monday. The stock was upgraded by Piper Jaffray's Gene Munster, who almost doubled his price target from $52 to $100 a share on growing demand for Apple's iPods and Macintosh computers. Robert Cihra, of Fulcrum Global Partners, raised his target from $53 to $65. Cihra said signs from Apple's supply chain show the company is meeting market demands.
AAPL closed Monday's regular trading session at $61.35, up $ 6.18 (11.20%) on volume of 45.38 million shares.
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