Drill Baby Saturday, 11/21/15 12:45:54 PM Re: None Post # of 276 Right now I like California Resources Company. In the short-term oil prices will likely go lower, but longer term IMO big upside potential. It's trading at about 0.6* book value, and about 40% of the production is hedged at about $62/BO. A lot of value in selling their midstream assets - gas plant, pipelines, power plant, etc. the CEO in the last quarterly meeting said a deal (sale, lease, JV) will be announce within the next 6 months. Even with these low oil prices, operating revenue is about $400 million per year. It's invested back into drilling to keep the production decline rate flat. My target price is about $7+per share. Like JGPK, I own a lot!