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Stocks in Focus: (PINKSHEETS: SCUEF), (NASDAQ : ZIP)


New York, NY -- (ReleaseWire) -- 01/03/2013 --Storm Cat Energy Corp (USA) (PINKSHEETS: SCUEF) 0.0026 +0.0006 (30.00%) . Volume 72,253. Avg. Vol 20,649.

Storm Cat Energy Corporation (Storm Cat) is an energy company, engaged in exploration, development and production of unconventional oil and gas reserves. Storm Cat has producing properties in Wyoming’s Powder River basin (PRB), and non-operated producing wells in the Fayetteville Shale area of Arkansas. It has its major operations in Wyoming and Arkansas in United States and in British Columbia and Alberta in Canada. The Company has 193,094 gross (169,748 net) acres of land.

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Zipcar Inc (NASDAQ: ZIP) 12.18 +3.94 (47.82%).

Avis Budget Group Inc (CAR), has decided to purchase Zipcar Inc (ZIP) in a bid for $500 million, beating huge opponents like Hertz Global Holdings Inc (HTZ) and Enterprise Holdings Inc . Zipcar, Inc. (Zipcar) operates a car sharing network. The Company provides over 700,000 members, also known as Zipsters, with self-service vehicles that are located in reserved parking spaces throughout the neighborhoods where they live and work. Zipcar announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Avis. Under the terms of the agreement, Zipcar shareholders will receive $12.25 in cash for each share owned.

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