Wall Street News Alert: Morning Watch for Monday: CLBN -- March 9, 2009

  Wall Street News Alert's "stocks to watch" this
morning are: Navajo Wind Energy Corp. (PINKSHEETS: CLBN), Rohm and Haas
Company (NYSE: ROH), Marathon Oil Corporation (NYSE: MRO) and BHP Billiton
Limited (NYSE: BHP).

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There is important news coming from Navajo Wind Energy Corp. (formerly Caliber Energy Inc) (OTC: CLBN), and the company should have the attention of investors looking to possibly benefit from this clean energy industry. Early this morning, the company, a renewable energy company focused on creating electricity from the power of wind, issued a press release announcing that it has begun negotiations for a Joint Venture Partnership with Mingchuang Energy Manufacturing Co. Ltd. to manufacture wind turbines internationally and further announces that the two companies have signed a Turbine Supply and Purchase Agreement for 80 wind turbines for the Company's Xinjiang wind farm project.

Mingchuang, a developer of several types of wind turbine products, said Monday it has agreed to begin negotiating a joint venture partnership with Navajo Wind Energy Corp. to manufacture and distribute wind turbines on an international level. In regards to the turbine supply and purchase contract, Mingchuang expects to have all 80 turbines delivered to the Xinjiang site before February 23, 2010. The Company's strategic relationship with Mingchuang is unique, as Navajo will take possession of all 80 turbines without having to endure the 2-3 year delivery time facing the majority of existing wind farm developers.

"We are ecstatic to not only announce that we intend to have all 80 turbines delivered to our Xinjiang project before the end of first quarter of 2010, but we are also very appreciative to be involved in negotiating a joint venture partnership for a stake in the turbine manufacturing sector. These developments move Navajo several steps closer to an exclusive level in the alternative energy marketplace. Not only would the operating joint venture allow us to assist in supplying turbines to an increasing market demand; the equipment purchase contract gives the Company first priority in getting our projects expedited at an unprecedented pace," says Mr. Barry Doyle, CEO of Navajo Wind Energy.

With explosive growth for wind power globally, the industry is seeing an ever growing waiting list for the delivery of wind turbines. Many believe that Chinese turbine companies may be a significant part of the solution as China increases production to meet the export demand. The world's wind power industry continues to thrive with the vigorous demand for turbine supply brought on by increasing oil prices, stricter emission laws and the growing concerns over climate change.

The stock closed yesterday at around Three cents a share.

For an in-depth profile of Navajo Wind Energy, visit http://wallstreetnewsalert.com/view-company-profiles.php?profile=CLBN_030809.

Rohm and Haas Company (NYSE: ROH) up 18.1% on 13.3 million shares traded.

Rohm and Haas Company is a global pioneer in the creation and development of innovative technologies and solutions for the specialty materials industry.

Marathon Oil Corporation (NYSE: MRO) down 1.5% on 12.5 million shares traded.

Marathon Oil Corporation is an integrated international energy company engaged in exploration and production; oil sands mining; integrated gas; and refining, marketing and transportation operations.

BHP Billiton Limited (NYSE: BHP) up 4.5% on 10.1 million shares traded.

BHP Billiton is the world's largest diversified resources company, with a portfolio of high-quality, long-life assets and a significant pipeline of growth projects.

Market Commentary:

The average price of gasoline continues to creep upward and is about 1.8 cents a gallon higher now than it was two weeks ago, according to the national Lundberg Survey of fuel prices. The U.S. average price for regular gasoline, according to the survey released Sunday, is $1.96 a gallon.

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