HENDERSON, Nev., Nov. 11, 2009 (GLOBE NEWSWIRE) — RIVAL Technologies Inc. (OTCBB: RVTI) announced today that it has signed a Letter of Intent with a group of investors that will provide a $6 million financing to the company.

Terms of the proposed agreement are subject to a confidentiality agreement between the parties and will be announced upon successful completion of the agreement expected during the fourth quarter.

The funds will be used to complete engineering and construction of the first TRU process, one barrel per day, continuous feed pilot plant.

Rival continues to negotiate the previously announced opportunity in South America.

Total oil resources worldwide are estimated at roughly 9 to 13 trillion barrels, of which 30% are conventional. Oil sands, heavy oil and bitumen make up the remaining unconventional 70%. Before moving from the field to the refinery, unconventional resources will need to be upgraded and represent the prime market for

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Bucyrus International, Inc. (BUCY) shares are jumping to end the week after announcing a strong third-quarter report that included a sharp earnings surprise.

< ?DART(15);?> The mining equipment manufacturer made the Zacks #1 Rank Top Performers List today with a gain of more than 13%. Volume is also flexing with nearly 8 million shares changing hands, compared to the daily average of 1.9 million.

BUCY is one of the world's leading manufacturers of large-scale excavation equipment used in surface mining. Its machines are used throughout the world by customers mining copper, coal, oil sands, iron ore and other minerals.

The company is part of the machinery-construction/mining industry. Other names from this space on today's Zacks #1 Rank List include heavy hitters like Caterpillar, Inc. (CAT), Ingersoll-Rand plc (IR) and Joy Global, Inc. (JOYG).

Third Quarter

Bucyrus reported third-quarter earnings

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Bucyrus International (BUCY) surprised on estimates for the second quarter in a row in July. Analysts forecast 10.6% year over year earnings growth in 2009 despite the global recession. BUCY isn't very expensive, trading at just 10.8x forward earnings.

Company Description

Bucyrus International is a manufacturer of high productivity mining equipment for the surface and underground mining industries.

The company has 2 divisions: surface mining and underground mining. Surface mining equipment is used for mining coal, copper, iron ore, and in the oil sands. Underground mining equipment is used for coal mining and mining minerals such as potash. The company also provides aftermarket services for its machines.

Bucyrus Surprised by 30.12% in the Second Quarter

On July 23, Bucyrus International reported second-quarter results which easily beat the Zacks Consensus Estimate by 25 cents. Earnings per share were $1.08 compared to the Zacks Consensus of 83 cents.

Sales rose

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The Board of Solanex Management Inc. today announced that the company has entered into a Memorandum of Understanding (MOU) to acquire technology leasing rights for sales, marketing and distribution to both a Pyrolitic Hydrocarbon Gasification System and a Liquid Extraction System owned by American Resource Petroleum Corporation of Utah.

This move has been made to enhance the incineration / gasification component of Solanex’s business model as the company believes the raw feed products of oil sands, oil shale, coal or used tires to be an added benefit to potential customers, especially Municipal, State and Federal Governments. Government agencies throughout the defined territory are all concerned about environmental emissions and will appreciate knowing that these technologies have been favorably reviewed by the EPA.

According to the company, the liquid extraction system uses a non-toxic, non-carcinogenic solution which separates the oil from its host

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CMARK International, Inc., (Pink Sheets: CMIT) a global provider of facility and logistic support services for government and commercial institutions just completed design, outfitting and installation of food service equipment and furnishings for 2 new U.S. Army dining facilities in Georgia. Each facility is approximately 22,000 square feet and feeds approximately 1400 soldiers per meal. The company completed both of these jobs simultaneously at Fort Gordon near August, GA and Fort Benning near Columbus, GA.

Globecomm Systems Inc.

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We’ve all heard a lot about the Canadian oil sands and how a modern-day oil boom is taking place in the forests of northern Alberta.
This is oil that begins not with holes drilled deep underground, but rather as aromatic clay and sand clawed out of the ground by giant backhoes and hauled in huge dump trucks to nearby refineries….

Wersquo;ve all heard a lot about the Canadian oil sands and how a modern-day oil boom is taking place in the forests of northern Alberta. This is oil that begins not with holes drilled deep underground, but rather as aromatic clay and sand clawed out of the ground by giant backhoes and hauled in huge dump trucks to nearby refineries. The oil sands in the Fort McMurray region give Canada the second-largest reserves in the world after Saudi Arabia -- some estimate that more than 170 billion barrels could be recovered with existing technology. Itrsquo;s may be hard to picture this process. A series of photos from National Geographic provide a good look at the oil sands and the positive and negative impacts of their development. The size of and demand for the resource ensure that the oil sands will be developed on a large scale. For Canada, the challenge is to strike that ...

Wersquo;ve all heard a lot about the Canadian oil sands and how a modern-day oil boom is taking place in the forests of northern Alberta. This is oil that begins not with holes drilled deep underground, but rather as aromatic clay and sand clawed out of the ground by giant backhoes and hauled in huge dump trucks to nearby refineries. The oil sands in the Fort McMurray region give Canada the second-largest reserves in the world after Saudi Arabia -- some estimate that more than 170 billion barrels could be recovered with existing technology. Itrsquo;s may be hard to picture this process. A series of photos from National Geographic provide a good look at the oil sands and the positive and negative impacts of their development. The size of and demand for the resource ensure that the oil sands will be developed on a large scale. For Canada, the challenge is to strike that ...

Sep. 8, 2009 (Business Wire) — Cobra Oil & Gas Company (OTCBB: CGCA) (hereafter “Cobra”) is pleased to notify an approval by the Obama administration for a pipeline to carry oil-sands fuel from Canada into the U.S., sending a positive economic signal in a difficult economic period. The pipeline will amass 1000 miles and is designed to carry up to 800,000 barrels of fuel a day from Canada’s vast oil sands.

Enbridge Energy will take on the building of the pipeline as the U.S. aims to diversify oil supplies coming into the country and increase crude oil supplies from a major non-Organization of Petroleum Exporting Countries producer while shortening the transportation path for crude oil supplies.

“As the United States looks for more diverse oil supplies for domestic use, the Oil Sands will consequently gain importance,” stated Max Pozzoni, Cobra’s President. “The enormous oil sands potential within North America will

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Every country needs a few basic ingredients in order to achieve healthy, sustained economic growth.

Reliable sources of energy. A modern, efficient infrastructure, consisting of a good road and rail system, reliable power grids and high-speed digital communications networks.

And if a country wants to be considered a “global economic powerhouse,” it’s nearly impossible for it to do so without these critical building blocks.

So it’s not too surprising that China is spending unprecedented amounts of money to beef up its infrastructure.

It’s also spending huge amounts of money on long-term oil and gas contracts. And with nearly $2 trillion on hand, it’s the perfect time for China to go on an energy acquisition spree.

Right now, it’s spending like a thirsty sailor on shore leave…

You see, despite the recent pullback in the Chinese stock market, the country is still on an economic roll that will continue for the next 50 years.

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