Credo Petroleum Corporation Joins Russell 3000® Index
June 30 2009 - 7:00AM
Business Wire
Credo Petroleum Corporation (NASDAQ:CRED) today announced that
the company was added to the broad-market Russell 3000� Index on
June 26, 2009 when Russell Investments reconstituted its
comprehensive set of U.S. and global equity indexes.
The Russell 3000� Index ranks the largest U.S. stocks based on
total market capitalization. Membership in the Russell 3000 remains
effective for one year along with inclusion in the Russell 2000�
Index, as well as the appropriate growth and value style indexes.
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
investment strategies. According to Russell Investment Group,
institutional investment professionals currently responsible for
over $4.3 trillion in assets use Russell indexes to guide their
portfolios.
James T. Huffman, Chief Executive Officer, said, �Inclusion in
the Russell 3000 will significantly increase our institutional
ownership. This is an important step toward improving the
visibility of Credo�s stock and generating greater awareness of our
business within the investment community.�
Credo is an independent exploration and production company
focused on adding oil and gas reserves through the drill bit and
through the application of the company�s patented fluid lift
technology known as the Calliope Gas Recovery System. The company�s
core operating areas are the Anadarko Basin and the Central Kansas
Uplift. Credo is also engaged in the development of new fluid lift
technologies that increase the recovery of natural gas stranded in
low-pressure reservoirs. Credo�s long record of creating value for
its shareholders is rooted in outstanding people and the rigorous
application of science. Additional information about Credo
Petroleum Corporation is available at www.credopetroleum.com.
Credo Petroleum Corporation is a publicly traded independent
energy company headquartered in Denver, Colorado. The company is
engaged in the exploration for and the acquisition, development and
marketing of natural gas and crude oil in the Mid-Continent and
Rocky Mountain regions, as well as Texas, Kansas and Louisiana. The
company�s stock is traded on the NASDAQ System under the symbol
�CRED� and is quoted daily in the �NASDAQ Global Market� section of
The Wall Street Journal.
This press release includes certain statements that may be
deemed to be "forward-looking statements" within the meaning of
Section�27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements included in this press release, other than statements of
historical facts, address matters that the company reasonably
expects, believes or anticipates will or may occur in the future.
Such statements are subject to various assumptions, risks and
uncertainties, many of which are beyond the control of the company.
Investors are cautioned that any such statements are not guarantees
of future performance and that actual results or developments may
differ materially from those described in the forward-looking
statements. Investors are encouraged to read the "Forward-Looking
Statements" and "Risk Factors" sections included in the company's
Annual Report on Form 10-K for more information. Although the
company may from time to time voluntarily update its prior forward
looking statements, it disclaims any commitment to do so except as
required by securities laws.
iShares Trust (NASDAQ:CRED)
Historical Stock Chart
From Jun 2024 to Jul 2024
iShares Trust (NASDAQ:CRED)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about iShares Trust (NASDAQ): 0 recent articles
More Credo Petroleum Corporation News Articles