California Resources Corp. (fka CRCQQ)

[dinogreeves]

Tomorrow after market is a huge day. If Oil does rebound above 60.00 this within the next 2 weeks CRC should hit the Mid to high teens possibly even low teens tomorrow after market.

[ClayTrader]

* * $CRC Video Chart 11-01-2019 * *

Link to Video - click here to watch the technical chart video

[dinogreeves]

Lets close 8.50 will bode well for Monday if oil is up. Needs to go back to 20 dollars.

[undervalue]

Sold all at 8. Nevertheless, may go higher in the nearterm

[undervalue]

Really surprising and bad for the sellers

[crudeoil24]

Being in California, their state Governor will abscond with their profits. Also, impose every possible regulation...So much for profits! Share price has been in downward trend.

[A go go]

wow, EPS .35 instead of .(37) that’s big!

[undervalue]

Buy 4,70

[undervalue]

More buyin if 5.5
Tp 8

[undervalue]

Buyin started @ 6

[undervalue]

Wtf 6

[ClayTrader]

* * $CRC Video Chart 09-20-2019 * *

Link to Video - click here to watch the technical chart video

[KOmani]

That was a fun pick up.

Unfortunately, I think the move above $12 was only because of what happened over the weekend.

So a correction to $12ish is fair. Fun, quick scalp from $11.20ish to $11.90ish

Buying and holding before was too risky.

Anyone hoping for more than $12 is also greedy. Congrats to the short raiders who provided an opportunity.

As I said before, the trading appeared to be more of a raid than fundamental selling.

[ClayTrader]

* * $CRC Video Chart 09-19-2019 * *

Link to Video - click here to watch the technical chart video

[KOmani]

The way this traded was far different than MDR yesterday.

It felt like someone was always there to buy .... whereas in MDR it felt like someone (who knew) was just selling non-stop (almost)

In other words, this felt more like a short raid while MDR felt like someone with inside information was dumping.

[ClayTrader]

* * $CRC Video Chart 09-05-2019 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $CRC Video Chart 09-04-2019 * *

Link to Video - click here to watch the technical chart video

[ClayTrader]

* * $CRC Video Chart 08-21-2019 * *

Link to Video - click here to watch the technical chart video

[whytestocks]

News: $CRC California Resources Corporation Announces Its Second Quarter 2019 Earnings Release and Conference Call

California Resources Corporation (NYSE: CRC) will host its second quarter 2019 financial results conference call on Thursday, August 1 st at 5:00 p.m. EDT (2:00 p.m. PDT). The Company’s earnings and guidance will be released following the market close on the same date. We encourag...

Find out more https://marketwirenews.com/news-releases/california-resources-corporation-announces-its-second-quarter-2019-earnings-release-and-conference-call-8417052.html

[whytestocks]

News: $CRC California Resources Corporation to Participate in June 2019 Investor Conference

California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, announced that Mark Smith, CRC’s Senior Executive Vice President and Chief Financial Officer, will be presenting at the Bank of America Merrill Lynch 2019 Ener...

Find out more https://marketwirenews.com/news-releases/california-resources-corporation-to-participate-in-june-2019-investor-conference-8205018.html

[whytestocks]

News: $CRC California Resources Corporation Announces Its First Quarter 2019 Earnings Release and Conference Call

California Resources Corporation (NYSE: CRC) will host its first quarter 2019 financial results conference call on Thursday, May 2 nd at 5:00 p.m. Eastern Daylight Time (2:00 p.m. Pacific Daylight Time). The Company’s earnings and guidance will be released following the market close ...

In case you are interested https://marketwirenews.com/news-releases/california-resources-corporation-announces-its-first-quarter-2019-earnings-release-and-conference-call-7950294.html

[Scootter82]

Sold @ $24.18

[Scootter82]

Playing this again. Entered at $19.67

[tikotiko]

I am still on the sidelines, until oil finds a bottom.

[tikotiko]

I may consider CRC if Brent Oil goes under $70.

[stocktrademan]

CRC buy 39.60

inverted head and shoulders bottom























normal chart




log chart

[4retire]

GREAT quarter results and the future looks very bright.

[eFinanceMarkets]

$CRC California Resources (NYSEMKT:CRC) -3% after-hours despite posting a much smaller than expected Q4 loss, as revenues come in flat Y/Y at $455M, coming in well short of expectations.

CRC says production fell 6.6% Y/Y to 126K boe/day for Q4, and slid 7.8% Y/Y to 140K boe/day for FY 2017, mostly because of reduced volumes of natural gas from the San Joaquin Basin; the company forecasts Q1 production of 120K-125K boe/day at production costs of $19.25-$20.75/boe.

Q4 production costs were $19.64/boe, compared to $17.50/boe in the prior-year quarter, driven by an increase in energy costs; for FY 2017, production costs were $18.64/boe vs. $15.61/ble in 2016.

CRC expects FY 2018 capex of $425M-$450M vs. $371M in 2017.

Year-end proved reserves of 618M boe, up from 568M boe at year-end 2016, organically replacing 119% of reserves from the capital program, excluding price revisions.

[benfrankledger]

$CRC California Resources Corp. (NYSEMKT:CRC) +3.6% after-hours after announcing a midstream joint venture with a portfolio company of the Private Equity Group of Ares Management.

CRC says the Ares company will invest $750M in the venture and has purchased ~2.34M CRC common shares in a private placement for $21.33/share based on a recent volume-weighted average price.

CRC will purchase power and gas processing from the JV, which owns the Elk Hills gas-fired power plant and a 200M cf/day cryogenic gas processing plant located near Bakersfield, Calif.

[luckydude777]

Looks like CRCW is back to trading? Halt lifted?

[4retire]

Nice run lately but only the beginning for CRC. With oil above $60/barrel for a sustained period, most of CRC's problems will recede. The management team of CRC has done a great job!

[dmcc2087]

Any CRC investors still here lol

[dmcc2087]

Looking much better CRC

[dmcc2087]

Anyone have any thoughts on this company

[dmcc2087]

thoughts on today next week CRC?

[MPTIU82]

Long and waiting for a strong bounce back as the Energy sector rebounds from the 3 year drubbing.

[dmcc2087]

Looking amazing I want $50,000 worth

[Yo-Yo]

CRC looks strong !!! Looking for an entry

[dmcc2087]

Looking better now

[dmcc2087]

Anyone Alive here

[eFinanceMarkets]

California Resources +23% on lighter than expected Q1 loss

California Resources (CRC +22.7%) skyrockets after reporting a smaller than expected Q1 loss and easily beating analyst expectations on revenues.

CRC says Q1 operating cash flow totaled $133M and free cash flow after working capital was $100M, as it recognized a 38% Y/Y increase in realized per barrel crude oil prices.

Q1 daily production volumes averaged 132K boe/day vs. 148K boe/day in the year-ago quarter, down 11%, which is at the low end of the company's estimated base production decline range.

CRC raises its 2017 capex plan to $400M-$425M.

[Scootter82]

Forgot to post, in at 12.10 as of 4/19

[stocktrademan]

CRC bullish 13.89









normal chart




log chart

[Drill Baby]

https://simplywall.st/news/2017/03/04/an-intrinsic-value-calculation-for-california-resources-corporation-crc-shows-its-43-undervalued/

[Drill Baby]

California Resources Corporation Announces Joint Venture to Invest $250 Million in Oil & Gas Properties
February 16, 2017 04:16 PM Eastern Standard Time

LOS ANGELES--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) announced today a joint venture (JV) with Benefit Street Partners L.L.C. (BSP) to invest in CRC’s oil and gas properties in California, with a focus on development opportunities in multiple CRC producing fields. CRC will operate the properties.

“This joint venture is an excellent opportunity for CRC to accelerate development of CRC’s vast underdeveloped resource base and advance our long term deleveraging efforts. We look forward to partnering with Benefit Street Partners for our mutual benefit.”
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The Joint Venture calls for Benefit Street Partners to invest up to $250 million for development opportunities in both conventional and unconventional assets of CRC in California. BSP will make an initial $50 million investment to be directed toward drilling activities across properties subject to the JV. BSP will make subsequent investments in tranches up to $50 million at the discretion of the JV partners over a two year investment window. Subject to customary conditions, the parties anticipate that the initial investment will fund in approximately two weeks.

Todd Stevens, President and CEO of CRC, noted, “This joint venture is an excellent opportunity for CRC to accelerate development of CRC’s vast underdeveloped resource base and advance our long term deleveraging efforts. We look forward to partnering with Benefit Street Partners for our mutual benefit.”

Tim Murray, Managing Director of BSP said, “We are proud to partner with CRC and their quality management team. We view CRC’s diverse asset base as an excellent opportunity to structure a joint venture to focus on the primary and secondary development opportunities to enhance CRC’s portfolio.”

About California Resources Corporation

California Resources Corporation is the largest oil and natural gas exploration and production company in California on a gross-operated basis. The Company operates its world class resource base exclusively within the State of California, applying integrated infrastructure to gather, process and market its production. Using advanced technology, California Resources Corporation focuses on safely and responsibly supplying affordable energy for California by Californians.

About Benefit Street Partners

BSP is a leading credit-focused alternative asset management firm that, together with affiliates, manages over $18 billion in assets across a broad range of complementary credit strategies including high yield, levered loans, private / opportunistic debt, liquid credit, structured credit and commercial real estate debt. BSP has approximately 150 employees with over 90 investment professionals. BSP is an affiliate of Providence Equity Partners L.L.C., a leading global private equity firm with $50 billion in assets under management across complimentary private equity and credit businesses.

Forward Looking Statement Disclosure

This press release contains forward-looking statements that involve risks and uncertainties that could materially affect our expected results of operations, liquidity, cash flows and business prospects. Such statements include those regarding our expectations as to our future operations, operational results, transactions, projects and reserves. Actual results may differ from anticipated results, sometimes materially, and reported results should not be considered an indication of future performance. Factors (but not necessarily all the factors) that could cause results to differ include:

commodity price changes
legislative or regulatory changes, including those related to drilling, completion, well stimulation, operation, maintenance or abandonment of wells or facilities, managing energy, water, land, greenhouse gases or other emissions, protection of health, safety and the environment, or transportation, marketing and sale of our products
unexpected geologic conditions
inability to enter efficient hedges
equipment, service or labor price inflation or unavailability
availability or timing of, or conditions imposed on, permits and approvals
lower-than-expected production, reserves or resources from development projects or acquisitions or higher-than-expected decline rates
disruptions due to accidents, mechanical failures, transportation constraints, natural disasters, labor difficulties, cyber attacks or other catastrophic events
factors discussed in “Risk Factors” in our Annual Report on Form 10-K available on our website at crc.com.
Any forward-looking statement speaks only as of the date on which such statement is made and we undertake no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Contacts
California Resources Corporation
Scott Espenshade (Investor Relations)
818 661-6010
[e-mail]
or
Margita Thompson (Media)
818 661-6005
[e-mail]

CALIFORNIA RESOURCES CORPORATION
NYSE:CRC View stock quote and chart View SEC Filings
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[Drill Baby]

California Resources (CRC) presents at Goldman Sachs Global Energy Conference $CRC
http://www.seekingalpha.com/article/4034551

[Riding-]

Lol right! I saw oil bottomed beginning of last year around $28 and this was my best bet at the time.

[Livelikenotommorow]

I wish I got in when you did lol

[Riding-]

NP it's a good stock long term.

[Livelikenotommorow]

Thank you very much for the info.