Replies to post #965 on California Resources Corp. (fka CRCQQ)

[legalizeMJ]

CRC vs PWE(It's industry(Oil)comparisons).

1)CRC and PWE are Oil stocks.
2)As of 6/14/16,
CRC= $13.35 per share,
PWE= $1.31 per share.

3)PWE has MORE upside potentials BECAUSE its pps is the smallest AND because it's UPGRADED to OUTPERFORM right after it Announces $1.1 Billion In Asset Sales
3.1)Link: PWE is Upgraded to OUTPERFORM on 6/13/16.

https://finance.yahoo.com/q/ud?s=PWE
3.2)
Link:GOOD NEWS,PWE Announces $1.1 Billion In Asset Sales, Including The Sale Of Its Saskatchewan Assets For $975 Million

http://ih.advfn.com/p.php?pid=nmona&article=71709974

The total cash consideration from asset dispositions to date in 2016 is approximately $1.3 billion, reducing our pro forma Net Debt to approximately $600 million from $2.1 billion at year-end 2015. As a result, we expect to be comfortably in compliance with all of our financial covenants at the end of the second quarter and the remainder of 2016.

[Drill Baby]

I agree.