Wall Street News Alert: Ahead of the Bell: Navajo Wind Energy -- November 6, 2009

  Wall Street News Alert's "stocks to watch" this
morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Freeport-McMoRan
Copper & Gold Inc. (NYSE: FCX), Teck Resources Limited (NYSE: TCK) and
Baker Hughes Inc. (NYSE: BHI).

Yesterday after the markets closed, Navajo Wind Energy Corp. (formerly Caliber Energy Inc.) (PINKSHEETS: CLBN) issued a press release announcing that it has taken delivery of 10 of the 53 wind turbines per the manufacturing supply agreement with China Lao Gaixian Wind L.P., represented by PCA Wind Power OA Inc., for its 120.80 MW wind farm project in Liaoning Province, China. Navajo Wind Energy is a renewable energy company focused on creating electricity from the power of wind.

The Agreement includes provisions for supplying the China Lao Gaixian Project with 53 complete wind turbines, as well as testing and commissioning services. The Agreement also provides for operations and maintenance services to be provided to China Lao Gaixian Wind L.P. over a two-year period. This agreement is anticipated to result in approximately US$65 million in revenue over its duration.

The stock closed yesterday at a Penny a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_110509.

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Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) up 2.3% on 15.3 million shares traded.

FCX is a leading international mining company with headquarters in Phoenix, Arizona.

Teck Resources Limited (NYSE: TCK) up 4.7% on 8.1 million shares traded.

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold and energy.

Baker Hughes Inc (NYSE: BHI) up 3% on 5.7 million shares traded.

Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.

Market Commentary:

Oil is down as U.S. crude for December lost 78 cents to settle at $79.62. London Brent crude fell 90 cents to settle at $77.99.

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