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This article is from Bellwether Report.

On Thursday we had a conversation with Brian Sozzi of Wall Street Strategies to ask his professional opinion on Morgan Creek Energy Corp. (OTCBB:MCKE).



Sector : Basic Materials

Industry : Oil & Gas Equipment & Services

Year End : December 31st 2008

Head Quarter : Dallas, Texas

Websites : http://www.morgancreekenergy.com



Brief Description:

Morgan Creek Energy Corp. engages in the location, exploration, acquisition, and development of oil and gas properties in the United States. It has a 100% working interest in approximately 2,035 gross acres of the Quachita prospect leases located in within the Ouachita Trend in the Texas. The company also holds a 75% the Chapman lease covering approximately 240 acres in Okfuskee County and the Hurley Lease covering approximately 320 acres in Okfuskee County in Oklahoma. In addition, it owns a 100% working interest in the Browder Barnett shale oil and gas prospect in Cooke County, and in the Mata lease located in Webb County, and the Peters Ranch lease located in Duval County in Texas. The company was founded in 2004.



KEY EXECUTIVES

Mr. D. Bruce Horton , 63
Chief Financial Officer, Principal Accounting Officer, Sec., Treasurer, Stock Option Plan Administrator, Director and Member of Audit Committee

Mr. Thomas Alden Markham II, P. Geo, 57
Chief Geologist

Mr. David Urquhart B.Sc. B.Eng. P.Eng.,
Chief Exec. Officer, Pres

Mr. William P. Begley ,
Mang. of Operations



This conversation was conducted on June 12th 2008.



Q: What’s your take on Morgan Creek Energy Corp.?



A: This is certainly an intriguing company to take a look at. The company has not generated any revenues as of yet, rather focusing on land lease acquisitions to further explore for natural gas.



Q: What more can you tell us about the company?



A: Its main project in Texas unearthed significant natural gas reserves in four out of five leased land zones. The findings have led management to secure all immediate rights relating to oil and gas in the area providing control over any potential major structural play that develops as a result of its in-depth exploration.



Q: Analytically speaking, what would you tell investors looking to position themselves in this stock?



A: Of course there are risks for any company that is not generating revenues, but at this point there is enough potential to warrant rating the stock a speculative buy.