Berry Corporation: Exploring Uinta Basin Opportunities

May 08, 2024 11:04 AM ETBerry Corporation (BRY) Stock8 Comments3 Likes
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Summary

  • Berry Corporation is projected to generate $143 million in 2024 free cash flow before bolt-on acquisitions.
  • Berry is using bolt-on acquisitions to help maintain production due to the uncertain California regulatory environment around new drill permits.
  • It also entered into a $10 million farm-in agreement to participate in four Uinta wells.

Uinta Mountains

Redemption Photography/iStock via Getty Images

Berry Corporation (NASDAQ:BRY) appears capable of generating $143 million in free cash flow in 2024 at current strip prices. This is with a capital expenditure budget that will likely result in some production declines

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About BRY Stock

SymbolLast Price% Chg
BRY
5.42-
Post5.42
Created with Highcharts 11.2.0Oct​'24Sep​'24Aug​'24Jul '24Jun​'24May​'2446810
Market Cap
$417.01M
PE (FWD)
8.05
Yield
9.78%
Rev Growth (YoY)
-9.26%
Short Interest
3.90%
Prev. Close
$5.42
Compare to Peers

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