Gas Company Update: SSHO, APC, & SU

The new regulations which were recently announced by both Canadian and American governments aim to cut carbon dioxide emissions from vehicles by 30 percent and increase fuel efficiency by 40 percent over the coming years.
By: crwepicks
 
June 24, 2010 - PRLog -- South Shore Resource (Other OTC- SSHO.PK)

Last: $0.20

Recent News:

South Shore Resources Welcomes and Supports New National Greenhouse Gas Auto Emission and Efficiency Standards for the United States & Canada

The new regulations which were recently announced by both Canadian and American governments aim to cut carbon dioxide emissions from vehicles by 30 percent and increase fuel efficiency by 40 percent over the coming years.

South Shore Resources Inc. believes these regulations illustrate the environmental and financial merits of the HyProStar Series of Hydrogen Generating Modules and its technology. South Shore also believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases along with the negativity of the recent BP Oil-Spill.




Visit: http://www.southshoreresourcesinc.com

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Anadarko Petroleum Corporation

Last: $37.77

APC is among the largest independent oil and natural gas exploration and production companies in the world, with approximately 2.3 billion barrels of oil equivalent (BBOE) of proved reserves at year-end 2009. APC’s portfolio of assets encompasses premier positions in nearly a dozen major U.S. onshore natural gas resource plays.

APC also is the largest independent deepwater producer in the Gulf of Mexico, and has production and/or exploration in Alaska, Algeria, Brazil, China, Indonesia, East and West Africa.

Kahn Swick & Foti, LLC (”KSF”) has filed a class action lawsuit against APC in the United States District Court for the Southern District of New York, on behalf of purchasers of the common stock of the Company between June 12, 2009 and June 9, 2010, inclusive (the “Class Period”). No class has yet been certified in this action.

In particular, the Complaint charges APC, 25% owner of the Macondo/Deepwater Horizon well currently leaking millions of gallons of oil into the Gulf of Mexico, with failing to disclose, among other things: that there was no effective Exploration and Oil Spill Response Plan for Macondo/Deepwater Horizon; that BP implemented drilling procedures solely to cut costs at the expense of safety; that the Company lacked adequate systems of internal, operational or financial controls to maintain adequate insurance reserves or to meet the known or foreseeable risks associated with its deepwater drilling liabilities; and that defendants lacked any reasonable basis to claim that APC was operating according to plan, or that APC could achieve guidance sponsored and/or endorsed by defendants.

More about APC at www.anadarko.com

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Suncor Energy Inc.

Last: $31.94

Suncor Energy Inc. operates as an integrated energy company. Its Oil Sands division produces bitumen recovered from oil sands through mining and in-situ technology, and upgrades it into refinery feedstock, diesel fuel, and by-products. Its products include gasoline and distillates. SU's Natural Gas division acquires, explores, develops, and produces natural gas, natural gas liquids, oil, and by-products from reserves located primarily in western Canada and the United States Rockies. It also has operations in Alaska, the Northwest Territories, and the Arctic Islands.


Suncor Energy's East Coast Canada division engages in the exploration and production activities in offshore Newfoundland and Labrador. The company?s International division involves in the exploration and production of crude oil and natural gas primarily in the United Kingdom, the Netherlands, Norway, Trinidad and Tobago, Libya, and Syria. Suncor Energy Inc.'s Refining and Marketing division refines crude oil for petroleum and petrochemical products; and produces ethanol, and specialty lubricants and waxes.

More about SU at http://www.suncor.com






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Tags:Apc, Otc:ssho, Ssho, Ssho.pk, su
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