Berry Corporation: A Look At Valuations After A Solid End To 2023 [Seeking Alpha]
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
Company Research
Source: Seeking Alpha
It also reduced its debt by $25 million in Q4 2023 despite making a minor acquisition in December 2023. The California permitting situation remains uncertain, with minimal new well permit approvals in 2023. The Aera Energy transaction implies a slightly lower valuation for Berry than what I had been modeling, although the market liked the deal from California Resources' perspective. I now estimate Berry Corporation stock value at $8 to $9 per share at long-term high-$70s Brent. Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More » Berry Corporation's NASDAQ: BRY full-year 2023 production ended up at approximately 25,300 BOEPD, about 200 BOEPD above the midpoint of its guidance. This implies approximately 25,700 BOEPD in Q4 2023 production, which includes a full quarter of production from its Macpherson acquisition. Berry also noted that it made a small working interest acquisition in December 2023, which would have
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News
- California Resources Corporation (NYSE:CRC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- California Resources Reports First Quarter 2024 Financial and Operating Results [Yahoo! Finance]Yahoo! Finance
- Carbon TerraVault Provides First Quarter 2024 Update [Yahoo! Finance]Yahoo! Finance
- California Resources Reports First Quarter 2024 Financial and Operating ResultsBusiness Wire
- Carbon TerraVault Provides First Quarter 2024 UpdateBusiness Wire
CRC
Earnings
- 5/7/24 - Beat
CRC
Sec Filings
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 4
- CRC's page on the SEC website