Energy Finders Inc.

RDATE:07092005

Genentech (NYSE: DNA) was downgraded to market perform from outperform at Friedman Billings Ramsey, which cited valuation and a slowdown in potential catalysts. Analyst Jim Reddoch said investors have high expectations for Genentech, and while these expectations are achievable, he thinks "the chances for material, headline-making upside are limited." Reddoch added that it will not be a surprise if Avastin has additional clinical successes, and a Rituxan sales acceleration is already priced into the stock. The biotech company's shares closed Tuesday up $1.32 at $94.59, which is just above Reddoch's $94 price target.

Precision Drilling (NYSE: PDS) announced that the Board of Directors of Precision has unanimously approved the reorganization of Precision's existing operations and holdings into an income trust by way of plan of arrangement. Subject to shareholder approval, shareholders will receive for each common share of Precision: one unit of a new trust to be created from Precision's Canadian contract drilling, service rig, snubbing, rentals, and related services businesses; a pro rata share of the 26 million common shares of Weatherford International Ltd. currently owned by Precision; and a pro rata share of up to Cdn $850 million of cash.

Energy Finders, Inc. (Pink Sheets: EGYF) is a U.S.-based company dedicated to the goal of being a large independent in the exploration and production of oil and natural gas. The company's mission is to create value for our shareholders by applying strong technical expertise to strategies that will unlock substantial oil and gas resources in areas where production can be achieved quickly and efficiently. The company announced that it has approved a five-for-one forward stock split. The record date for the forward stock split is to be effective Friday, September 9, 2005. The stock hitting another 52 weeks high on yesterday trading and with approximately 175,000 shares outstanding after its forward split on September 9th and an undeclared short position, there is a failure to deliver in shares of EGYF.

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