California Resources: A Growth Pathway Opens
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Long PlayerInvesting Group LeaderFollow5ShareSavePlay(9min)CommentsSummaryCalifornia Resources plans to merge with Berry Corporation.This all-stock transaction maintains CRC's low leverage.The BRY merger offers CRC a new growth platform beyond its mature California assets in the form of Unita acreage.CRC also gains exposure to the services sector via BRY's subsidiary.California appears ready to back off from strict regulations, albeit slowly.Funtay/iStock via Getty Images California Resources (CRC) has announced a plan to merge with Berry Corporation (BRY). This opens up a growth pathway outside the state of California for the first time for this companyThis article was written byLong Player24.83K FollowersFollowLong Player believes oil and gas is a boom-bust, cyclical industry. It takes patience, and it certainly helps to have experience. He has been focusing on this industry for years. He is a retired CPA, and holds an MBA and MA. He leads the investing group Oil & Gas Value Research. He looks for under-followed oil companies and out-of-favor midstream companies that offer compelling opportunities. The group includes an active chat room in which Oil & Gas investors discuss recent information and share ideas. Learn more.Analyst’s Disclosure:I/we have a beneficial long position in the shares of OXY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Disclaimer: I am not an investment advisor, and this article is not meant to be a recommendation for the purchase or sale of stock. Investors are advised to review all company documents and press releases to see if the company fits its own investment qualifications.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.Recommended For You