Wall Street News Alert: Stocks This Morning: ADVE -- May 14, 2009

Market Wire, May, 2009

Wall Street News Alert's "stocks to watch" this morning are: Adventure Energy Inc. (OTCBB: ADVE), Agnico-Eagle Mines Limited (NYSE: AEM), Ocean Bio-Chem, Inc. (NASDAQ: OBCI) and Vanda Pharmaceuticals Inc. (NASDAQ: VNDA).

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As oil prices continue to hover just below $60 per barrel, investors should have a close eye on Adventure Energy Inc. (OTCBB: ADVE). Yesterday after the markets closed, the company, an energy exploration company with operations in the Appalachian Basin, issued a press release announcing that it has acquired two additional oil and gas leases, totaling 373 acres, in Kentucky.

The Company will maintain a 100% working interest, 87.5% net revenue interest in each of the 33 acre and 340 acre tracts located in Greene county and Monroe county respectively. The acquired leaseholds are in close proximity to the Company's current drilling programs. The press release states that with conservative spacing estimates, the company projects that it will be able to drill up to 20 wells on the newly acquired leaseholds.

"We are pleased to announce the expansion of our oil and gas acreage position in Kentucky,'' said Wayne Anderson, President of Adventure Energy, Inc. "Our position in this highly productive resource play is well situated among both productive and highly prospective acreage. If anticipated down-spacing occurs, our exposure grows significantly. We expect to begin developing this acreage in the next 90 days, and are excited to add this leasehold to our portfolio of producing properties."

Investors are urged to continue to monitor the progress of this company!

The stock closed yesterday at Fifty Two cents a share.

For Wall Street News Alert's in-depth profile of Adventure Energy, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=ADVE_051309 .

Agnico-Eagle Mines Limited (NYSE: AEM) up 1.9% on 6.6 million shares traded.

Agnico-Eagle is a long established, Canadian headquartered, gold producer with operations located in Quebec and Finland, and exploration and development activities in Canada, Finland, Mexico and the United States.

Ocean Bio-Chem, Inc. (NASDAQ: OBCI) up 42.3% on 517,000 shares traded.

Ocean Bio-Chem, Inc. manufactures and markets a full line of maintenance and care products for boats, recreational vehicles, automobiles, trucks and motorcycles.

Vanda Pharmaceuticals Inc. (NASDAQ: VNDA) up 15% on 4.8 million shares traded.

Vanda Pharmaceuticals Inc. is a biopharmaceutical company focused on the development and commercialization of clinical-stage products for central nervous system disorders.

Market Commentary:

Retail dipped for the second straight month in April. Retail sales fell 0.4 percent last month, worse than the flat performance many economists had expected, the Commerce Department reported Wednesday.

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