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Enter Symbol:
 
Crude Carriers Corp. (CRU) [hlAlert]

Rating:
Outperform
CRU
down 47.66 %

CRUDE CARRIERS CORP (CRU) rated Outperform with price target $13 by Oppenheimer

Posted on: Wednesday,  Apr 21, 2010  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Crude Carriers Corp. (NYSE: CRU) on 04/21/2010, when the stock price was $18.38. Since
then, Crude Carriers Corp. has lost 47.66% as of 09/30/2011's recent price of $9.62.
If you would have followed this Oppenheimer's recommendation on CRU, you would have lost 47.66% of your investment in 527 days.

Crude Carriers Corp. (Crude Carriers) is a transportation company. The Company is focused on conducting a shipping business focused on the crude tanker industry. It is focused on acquiring and operating a fleet of crude tankers that will transport mainly crude oil and fuel oil along worldwide shipping routes. As of March 1, 2010, the Company has entered into agreement with Capital Maritime to acquire the Initial Suezmax, which is deployed in the spot market. As of March 1, 2010, the Company is focused on spot market, including all types of spot market-related engagements, such as single voyage or short-term time charters.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2010 8:25 AM Buy
None
18.38 13.00
as of 12/31/2010
1 Week down  -0.94 %
1 Month down  -1.49 %
3 Months down  -12.22 %
1 YTD down  -4.70 %

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