California Resources: Lots Of Upside From Current Prices [Seeking Alpha]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Seeking Alpha
California Resources: Lots Of Upside From Current Prices Summary California Resources has been crushed in recent weeks by negative sentiment regarding their debt and the operating environment in California. We think that at current levels the company is a strong buy with most of the downside priced in. Discussion follows. Introduction In mid 2017, California Resources, ( CRC the world changed derisked SOURCE That's a big "if," I know. Stability and energy prices aren't two words that belong in the same sentence normally. In full disclosure we bought into the late April head-fake and favorably discussed CRC in the Daily Drilling Repor The question we now have to ask, is the crude market as dodgy now as it was in December? The answer is of course it is, but the market has now priced in several things that were supportive during the first quarter rally in oil prices. When you add those to the relentless increase in U.S. daily production - mm BOEPD as of the last STEO Buoying the crud
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CRC
News
- SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of California Resources Corporation - CRCPR Newswire
- California Resources Co. (NYSE: CRC) had its price target raised by analysts at Stifel Nicolaus from $68.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- California Resources Corporation Achieves MiQ "Grade A" Certification for its Los Angeles Basin Assets [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Achieves MiQ “Grade A” Certification for its Los Angeles Basin AssetsBusiness Wire
- California Resources Co. (NYSE: CRC) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $62.00 price target on the stock.MarketBeat
CRC
Earnings
- 2/27/24 - Miss
CRC
Sec Filings
- 4/23/24 - Form PREM14A
- 3/26/24 - Form 4
- 3/26/24 - Form 8-K
- CRC's page on the SEC website