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Mariner Energy, Inc. (ME) [hlAlert]

down 7.12 %

Mariner Energy, Inc. (ME) rated Outperform with price target $16 by Credit Suisse

Posted on: Thursday,  Aug 20, 2009  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Mariner Energy, Inc. (NYSE: ME) on 08/20/2009, when the stock price was $12.50. Since
then, Mariner Energy, Inc. has lost 7.12% as of 11/10/2010's recent price of $11.61.
If you would have followed this Credit Suisse's recommendation on ME, you would have lost 7.12% of your investment in 447 days.

Mariner Energy, Inc. (Mariner) is an independent oil and gas exploration, development, and production company. The Company operates in three principal geographic areas: Permian Basin, where it is an active driller in the prolific Spraberry field at depths between 6,000 and 10,000 feet; Gulf of Mexico Deepwater, where it has conducted exploration and development projects in water depths ranging from 1,300 feet up to 7,000 feet, and Gulf of Mexico Shelf, where it drills or participates in conventional shelf wells and deep shelf wells extending to 1,300 foot water depths. On December 19, 2008, Mariner acquired additional working interests in its property, Atwater Valley Block 426 (Bass Lite). On February 29, 2008 and December 1, 2008, Mariner acquired additional working interests in certain of its properties in the Spraberry field in the Permian Basin.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/20/2009 8:25 AM Buy
12.50 16.00
as of 12/31/2009
1 Week up  112.89 %
1 Month up  109.83 %
3 Months up  85.11 %
1 YTD up  110.00 %

(*) Stock Price at the time of the recommendation.
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