whytestocks
4 years ago
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
Timothy Smith
11 years ago
Why Berry Petroleum Company LLC (NYSE:BRY)βs assets are a perfect fit
Linn Energy LLC (NASDAQ:LINE)βs 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 itβs something the company takes very seriously. LINNβs management team has a sterling track record of making deals that are directly beneficial to LINNβs unit holders, and the Berry Petroleum Company LLC (NYSE:BRY) deal is no exception.
Berry Petroleum Company LLC (NYSE:BRY)βs assets fulfill Linn Energy LLC (NASDAQ:LINE)βs priority of finding high-quality properties. Berryβs assets hold a depletion rate of just 15%, and a reserve life greater than 18 years. In addition, Berryβs portfolio will solve a separate desire for LINN, which is to increase its liquids exposure. Thatβs because Berryβs 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. LINNβs overall production will increase by 30%, and the company will now be the fifth-largest producer in California.
http://www.nextiphonenews.com/2013/12/why-linn-energy-llc-line-is-a-solid-buy-after-closing-the-berry-petroleum-company-llc-bry-acquisition/
Timothy Smith
11 years ago
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. LINNβs 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 itβs an exciting possibility that could materialize once the integration of Berry is under way.
As a result, investors shouldnβt be at all concerned with the marketβs lackluster response to the closing of the Berry acquisition.
LINNβs production will increase substantially, its liquids exposure is enhanced, and Berryβs portfolio of long-lived assets with low depletion rates fits perfectly with LINNβs upstream exploration and production business model.
Timothy Smith
12 years ago
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%
Timothy Smith
12 years ago
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 Berryβs web site at www.bry.com. Individual investors can also listen to the call through Thomson Reutersβ 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 Berryβs 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
or
Shawn Canaday, 1-303-999-4000
www.bry.com
Source: Berry Petroleum Company
----------------------------------------------
Berry Petroleum Company
Investors and Media
Zach
Dailey
1-303-999-4071
or
Shawn Canaday
1-303-999-4000
www.bry.com
ChitForBrains
13 years ago
Notable Third Quarter 2011 Items
β’ Generated discretionary cash flow of 123 million from production of 36,900 BOE/D, of which 71% is oil(1)
β’ Generated operating margin of $46.67 per BOE, supported by sales of our California heavy oil at a $12 average premium to WTI during the quarter(1)
β’ Increased our average production by 11% from the first nine months of 2010 and 4% from the second quarter of 2011
β’ Increased our oil production by 14% from the first nine months of 2010 and 6% from the second quarter of 2011
β’ Permian production averaged 5,200 BOE/D, up 35% from the second quarter of 2011
β’ Received revised project approval letter from the DOGGR for the full-field development of our Diatomite asset
β’ Diatomite production averaged 3,820 BOE/D during the third quarter of 2011, up 8% from the second quarter of 2011
β’ Acquired approximately 11,000 additional net acres in the Permian for $10 million, bringing our total Permian position to 38,000 net acres
β’ Repurchased $91.0 million aggregate principal amount of our 10.25% Notes
β’ Drilled three Uteland Butte horizontal wells in Lake Canyon From 10Q