Solanex Management’s shares are currently trading at $0.19, up 90%, on more than 140,000 traded shares. With a daily average of 1,300 traded shares, the stock is trading far above its typical volume and its only noon!

In most recent news, the company announced that it has entered into a Letter of Intent to acquire certain sales, marketing and distribution rights to a Waste to Energy technology from Alten Power Corporation. The due diligence period is to conclude on or before October 21, 2009.

As term of the agreement, Solanex would acquire any and all rights to projects that have been initiated by Alten Power Corporation, including but not limited to feasibility/viability assessments for waste to energy facilities in Central and South America, the United States and Canada.

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NF Energy Saving Corp. is a manufacturer of energy saving equipment and a provider of integrated energy conservation solutions. These solutions utilize energy-saving equipment, technical services, and energy management re-engineering project operations to provide energy saving service to customers. Headquartered in Shenyang City, Liaoning Province, China, NF Energy trades on the OTCBB and has completed over 300 successful energy-saving projects.

NF Energy operates their business through their wholly owned subsidiary Liaoning Nengfa Weiye Energy Technology Co., Ltd. This subsidiary concentrates on manufacturing energy-saving equipment and new energy facilities. They also concentrate on contracting with energy-saving and pollution reduction turnkey projects, and operating Energy Management Contract (EMC) projects.

NF Energy produces energy-saving equipment and green new energy facilities. They have a professional engineering team engaged in their energy saving and pollution diversion projects as well as the EMC projects. The company integrates diagnosis, consulting, planning, design, engineering, management, and operation of projects.

OPEC may consider new 1 million bpd cut in March-source… Reuters poll shows OPEC makes 67 pct of pledged cut… Nigeria oil union threatens strike from Feb. 9…  U.S. crude stocks seen up for sixth straight time…

Oil prices climbed towards $41 a barrel on Tuesday after OPEC signaled it might deepen its record output cuts to help boost prices and drain bloated stockpiles.

OPEC’s president told Reuters the group could take more action when it meets on March 15. Later, an OPEC source said the group may discuss a 1 million barrel-per-day cut in addition to the 4.2 million in reductions agreed since September.

U.S. light crude for March delivery rose 73 cents to $40.81 by 1730 GMT, having fallen to $39.83 on Monday, the first time below $40 a barrel in three weeks. London Brent rose 53 cents to $44.35.

“Prices do seem