Winston-Salem 8/10/2009 7:10:56 PM
News / Business

SmallCapReview - Small Cap Stocks to Watch - GSAE, CRZO, CYPB, GSI

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Green Star Alternative Energy (PinkSheets: GSAE) $0.51. Announced last week that it will be attending COP15 – United Nations Climate Change Conference where representatives from over 150 countries will meet in Copenhagen, Denmark to replace the now expiring ‘Kyoto Climate Treaty’. 

 

A consensus, backed by science, is emerging among the international community that by 2050 the world will need to reduce emissions of carbon dioxide, methane, and other greenhouse gases to approximately 80 percent lower than they were in 1990. It will mean wholesale reinvention of the global energy economy; anything less could result in catastrophic global temperature increases.

 

The Company also recently announced that The Belo Blato Wind Energy Project will be a milestone for the Republic of Serbia. It will be the first wind farm development in the region and will progress the national initiative for increased energy creation from renewable resources. This project begins the initial phase of energy development and will increase rapidly into other areas being considered for expansion.

 

The Green Star/Notos Joint Venture has requested the grid connection examination be performed by EMS (Elektromreza Srbije – Serbian Transmission System and Market Operator). Once the network analysis is complete, the next step will be for EMS to provide the Company with detailed technical requirements and cost estimates for connectivity.

 

Mike Andric, CEO of Green Star Alternative Energy, stated: “The Company expects a response from EMS within 60 days and will begin implementation of the requirements immediately thereafter.”



What They Do: Green Star Energy is an environmentally conscious, renewable energy company working to develop more than 300 MW (megawatts) of clean electricity through wind energy. The corporate revenue model is two-fold: the use of a renewable resource allows not only for the creation of environmentally friendly energy, but the granting of carbon (greenhouse gas) emission credits which may be traded and sold. 

 

Green Star is pursuing a significant opportunity to provide clean energy to the growing Republic of Serbia and neighboring European countries. Through a joint venture with key wind farm and power trading company Notos, Green Star will become the nation’s first developer of wind power. GSAE is focused on green technology and sustainable energy programs like wind turbines, hydro electric power generation, and other renewable electricity models.

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) $20.52. Today announced the Company's financial results for the second quarter and first half of 2009 (including a revision to the first quarter 2009 ceiling test impairment as further described in the Company's Form 8-K filed August 10, 2009), which included the following highlights:

 

Production of 7.9 Bcfe, or 86,739 Mcfe/d. Revenue of $25.9 million or Adjusted Revenue of $48.8 million, including the impact of cash-settled hedges. Net Loss of $6.0 million, or Adjusted Net Income of $12.9 million before non-cash net charges noted below. EBITDA, as defined below, of $35.3 million.

 

What They Do: Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, exploitation, and production of oil and natural gas primarily in the Barnett Shale in North Texas, the Marcellus Shale in Appalachia and in proven onshore trends along the Texas and Louisiana Gulf Coast regions.

 

Cypress Bioscience (Nasdaq: CYPB) $9.06. Today announced financial results for the second quarter of 2009. The Company reported total revenue of $5.8 million for the quarter ended June 30, 2009, which includes commercial revenue of $4.8 million and revenues under collaborative agreement of $0.9 million. For the quarter ended June 30, 2009, the Company reported a net loss of $8.6 million or $0.23 per share compared to a net loss of $4.0 million or $0.11 per share for the same period in 2008. At June 30, 2009, the Company had cash, cash equivalents and investments totaling $151.3 million.



What They Do: Cypress Bioscience, Inc. provides therapeutics and personalized medicine services, facilitating improved and individualized patient care.

 

General Steel Holdings (NYSE: GSI) Today announced its financial results for the second quarter ended June 30, 2009. Aggregate shipment volume reached a record high of 956,321 metric tons, an increase of 62.7% year-over-year. Total revenues increased 5.7% to a record $408.9 million from $387.0 million in the year-ago period. Income from operations was $12.9 million -- Adjusted non-GAAP net income grew to $1.4 million, or earnings per basic and diluted share of $0.04 (adjusted non-GAAP net income is defined as GAAP net income less non-operating, non-cash expenses associated with the Company's December 2007 convertible bond issuance).

 

What They Do: General Steel Holdings, headquartered in Beijing, China, operates a diverse portfolio of Chinese steel companies.

 



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