$BRY: Having a nice day here, $10 imminent
And a pretty good month overall as well all the way frm $5/sh
Looking good here
Breaking News: $BRY BERRY CORPORATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Berry Corporation on Behalf of Berry Stockholders and Encourages Investors to Contact the Firm
NEW YORK, Sept. 14, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Berry Corporation (NASDAQ: BRY) on behalf of Berry stockholders. Our investigation concerns whether Berry has violated...
Read the whole news BRY - BERRY CORPORATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Berry Corporation on Behalf of Berry Stockholders and Encourages Investors to Contact the Firm
Berry has filed an S-1 to IPO in the very near future at $15-$17 per share. Goldman Sachs, Wells Fargo and BMO Capital are bringing the deal. Some other good energy firms like Johnson Rice and Simmons are in it so I assume it will be well placed with analyst coverage from the named firms as soon as kosher thereafter.
Why Berry Petroleum Company LLC (NYSE:BRY)’s assets are a perfect fit
Linn Energy LLC (NASDAQ:LINE)’s management team maintains a fairly simple strategic view of its business: to acquire and develop high-quality properties for production of oil and gas. Fulfilling those objectives is how an exploration and production company grows and funds its massive distribution, and it’s something the company takes very seriously. LINN’s management team has a sterling track record of making deals that are directly beneficial to LINN’s unit holders, and the Berry Petroleum Company LLC (NYSE:BRY) deal is no exception.
Berry Petroleum Company LLC (NYSE:BRY)’s assets fulfill Linn Energy LLC (NASDAQ:LINE)’s priority of finding high-quality properties. Berry’s assets hold a depletion rate of just 15%, and a reserve life greater than 18 years. In addition, Berry’s portfolio will solve a separate desire for LINN, which is to increase its liquids exposure. That’s because Berry’s reserves are 75% liquids.
Put simply, upon integrating Berry Petroleum Company LLC (NYSE:BRY), Linn Energy LLC (NASDAQ:LINE) will be a force to be reckoned with among exploration and production MLPs. LINN’s overall production will increase by 30%, and the company will now be the fifth-largest producer in California.
Not only does the Berry acquisition make great sense from an operational standpoint, but LINN and LinnCo LLC (NASDAQ:LNCO) investors are likely to see immediate benefits. LINN’s hefty 10% distribution will be well-covered by distributable cash flow.
And, management has long maintained its intention to increase its payout to $3.08 per unit of LINN and share of LinnCo. This has not happened yet, but it’s an exciting possibility that could materialize once the integration of Berry is under way.
As a result, investors shouldn’t be at all concerned with the market’s lackluster response to the closing of the Berry acquisition.
LINN’s production will increase substantially, its liquids exposure is enhanced, and Berry’s portfolio of long-lived assets with low depletion rates fits perfectly with LINN’s upstream exploration and production business model.
Am I missing something here? Buyout at $55.8, but trading below $50???
LNG would be very big for the USA as gas prices are faced with the glut due to over supply.
They get 3-5x the amount of price per MCF over in Europe and Asia so good for the producer.
down i hope got an order for 28.75......THE CLIFF... feeling it, indecision creates uncertainty which leads to fear prices drop. Another thought lot of LNG projects going on..... your thoughts JR?
What's next for gas prices? BRY?
Gasoline dropping per litre
we pay about a 1.21 per litre up here in toronto expected to drop below a dollar i bet in 2/3 weeks will see our #28/30 and 75 per barrel
What's the driver to dropping oil prices in your opinion? I am having a hard time seeing it below $80 anytime soon.
ya getting close 28/30 BRY
Starting to look like a solid buying opportunity to position for 2013.
Its principal reserves and producing properties are located in California, Texas, Utah, and Colorado.
As of December 31, 2011, the company had working interests in 2,867 net productive oil wells and 282 net productive natural gas wells; and proved undeveloped reserves of 130.1 million barrels of oil equivalent.
It sells its crude oil and gas to marketing companies or refiners. The company is also involved in the generation and sale of electricity to public utilities.
5-Year Projected Earnings Per Share Growth Rate 29.00%
Analysts' Rating 2.30
Short Interest 9.27%
ya sounds good BRY
Nice trade I think $30 is as low as it goes. IMO
sold out made 2200 looking for 32/28 now
Nice entry. I am looking for March highs then would say my goodbyes :)
sweet 42 would be nice in @ 36 GO BRY GO!
Berry Petroleum To Release Second Quarter 2012 Earnings and Hold Conference Call on August 2, 2012
Jul 19, 2012 4:14:00 PM
Copyright Business Wire 2012
DENVER--(BUSINESS WIRE)-- Berry Petroleum Company (NYSE: BRY), will announce financial results for the second quarter ended June 30, 2012 on Thursday, August 2, 2012 before the market opens, and will hold a conference call on Thursday, August 2, 2012 at 10:00 a.m. ET (8:00 a.m. MT) to discuss those results.
The call may be accessed in the United States by dialing 1 (877) 261-8992 with passcode 32934561 or outside the United States by dialing 1 (847) 619-6548 with passcode 32934561.
This call is being webcast by Thomson Reuters and can also be accessed at Berry’s web site at www.bry.com. Individual investors can also listen to the call through Thomson Reuters’ individual investor center at www.earnings.com and institutional investors can access the call via Thomson Reuter's password-protected event management site, at www.streetevents.com.
A digital replay of the call will be available through August 10, 2012 by dialing 1 (888) 843-7419 with passcode 32934561 or you may visit Berry’s web site at www.bry.com for an archived webcast.
About Berry Petroleum Company
Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company. The Company uses its web site as a channel of distribution of material company information. Financial and other material information regarding the Company is routinely posted on and accessible at www.bry.com.
Berry Petroleum Company
Investors and Media
Zach Dailey, 1-303-999-4071
Shawn Canaday, 1-303-999-4000
Source: Berry Petroleum Company
Berry Petroleum Company
Investors and Media
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