Stock Newsletter on Small Cap Hot Stocks (BDCO, URRE, BBI)

Blue Dolphin Energy Company (NASDAQ:BDCO) shares soared 41.32% to $0.524 on heavy volume of 1.47 million shares, compared to its average volume of 135K shares.

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Yesterday, the company said that it has signed a commitment letter with Blue Sky Langsa, Ltd. ("Blue Sky") to acquire 70% working interest in a Technical Assistance Contract for the Langsa area, Offshore Indonesia (the "TAC Langsa") in a non-cash transaction to be effective June 1, 2010.

Uranium Resources, Inc. (NASDAQ:URRE) surged 34% to $0.67 with over 1.02 million shares, compared to its average volume of 291K shares.

Today’s sharp rise after Tenth Circuit court rules in favor of Uranium Resources in Indian Country Case.

Don Ewigleben, President and CEO of Uranium Resources noted, “This ruling enables us to immediately seek to renew the underground injection control (UIC) permit that we had been granted by the State of New Mexico in 1989. This is the last permit required for us to advance our in situ recovery uranium mining project on our Churchrock property where we hold 13.7 million pounds of in place mineralized uranium material.”

Blockbuster Inc. (NYSE:BBI) surged 16% to $0.289 with over 4.16 million shares.

The Wall Street Journal reported that the company is in talks for a new loan that would keep it afloat in bankruptcy should it seek Chapter 11 protection.

Blockbuster Inc. is a global provider of rental and retail movie and game entertainment, with over 6,500 stores in the United States, its territories and 17 other countries as of January 3, 2010.

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