Is BRY a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

409 people get BRY articles and Market Currents by email alert.

Get email alerts on BRY »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

Linn Energy And Berry Petroleum: 2 Companies For The Price Of 1
Marc Courtenay • Mon, May 6 • 63 Comments
Linn Gets Oily By Buying Berry
Todd Campbell • Wed, Apr 10 • 27 Comments
It's Insiders Versus The Pessimists On Berry Petroleum
Bret Jensen • Sun, Nov 18, 2012 • 6 Comments
If Oil Is Going Down Further, Berry Petroleum Is Too
David White • Mon, Jun 25, 2012 • 3 Comments
Berry Petroleum Is Too Cheap After 20% Pullback
Bret Jensen • Mon, Apr 30, 2012 • 8 Comments
Berry Petroleum Is Back on Track
Kurt Wulff • Fri, Sep 11, 2009
Berry Petroleum Makes It Through Rough Times
Kurt Wulff • Tue, Jun 2, 2009
Berry Petroleum: Resource Rich, Credit Sensitive
Kurt Wulff • Mon, Mar 30, 2009 • 1 Comment
Berry Petroleum: Customer Bankruptcy Manageable
Kurt Wulff • Mon, Jan 26, 2009 • 1 Comment
Berry Petroleum: Timely Natural Gas Deal
Kurt Wulff • Mon, Jul 14, 2008
Berry Petroleum: Earnings Fit with Oil Price
Kurt Wulff • Wed, Jun 4, 2008 • 1 Comment
Berry Petroleum Announces Master Limited Partnership
Kurt Wulff • Wed, Dec 5, 2007
Berry Petroleum Does Well Despite Rocky Mountain Constraints
Kurt Wulff • Mon, Sep 10, 2007
New Production May Prove Increasingly Valuable For Berry Petroleum
Kurt Wulff • Fri, Jun 8, 2007
Berry Petroleum: Promising Resources in Utah, Colorado, and California
Kurt Wulff • Mon, Apr 2, 2007
Berry Petroleum 'Expanding On Multiple Fronts' (BRY)
Kurt Wulff • Wed, Dec 28, 2005

To learn more about Seeking Alpha Pro, click here.

Has Linn Energy Finally Bottomed?
Albert Alfonso • Tue, Jun 18 • 86 Comments
Good News Is On The Horizon For Linn Energy Investors
Tim Plaehn • Sun, Jun 2 • 90 Comments
The Short-Term Noise In Linn Energy May Be A Buying Opportunity
Albert Alfonso • Fri, May 31 • 67 Comments
Linn Energy Provides A Good Opportunity For The Long Haul
Efsinvestment • Wed, May 22 • 17 Comments
How The Energy Boom Keeps Going
Kate Stalter • Tue, May 21 • 2 Comments
8.7% Dividend Payer Linn Energy Was Dissed At Ira Sohn - Is There Reason To Worry?
David White • Tue, May 21 • 38 Comments
Linn Energy's Annual Report Bodes Well For 2013
Russell Katz • Mon, May 20 • 5 Comments
Linn Energy: Don't Believe The (Negative) Hype
Elliott Gue • Thu, May 9 • 196 Comments
Cramer's Mad Money - The Rise Of The Anti-Buffetts (5/6/13)
SA Editor Miriam Metzinger • Tue, May 7 • 4 Comments
Barron's Takes Another Swipe At Linn Energy
Mike Maher • Mon, May 6 • 40 Comments
Linn Energy And LinnCo Increase Value To Investors With Monthly Dividends
Tim Plaehn • Fri, Apr 26 • 59 Comments
Chesapeake Energy: The Best Play In Rising Natural Gas Prices
Russ Fischer • Fri, Apr 5 • 21 Comments
Regulatory Approval Of The Berry Petroleum Deal Makes 7.86% Dividend Payer Linn Energy A Buy
David White • Fri, Mar 22 • 61 Comments
The Coming MLP Meltdown
MLP Trader • Thu, Mar 14 • 190 Comments
Berry Petroleum Sale Metrics Suggest Penn West Is On Sale
Devon Shire • Fri, Mar 8 • 47 Comments
Cramer's Mad Money - Stocks That Are Safe At Any Speed (3/6/13)
SA Editor Miriam Metzinger • Thu, Mar 7 • 7 Comments
Linn Energy Offers An 8% Yield And Growth Supplying Energy To America
Avi Morris • Mon, Mar 4 • 24 Comments
Cramer's Mad Money - The Dow Confounds The Bears (2/27/13)
SA Editor Miriam Metzinger • Thu, Feb 28
Uinta Basin: Intermediate Oil And Gas Producers Are Disappearing From Utah
Value Digger • Tue, Feb 26 • 10 Comments
Linn Energy LLC Blows Up The Short Sellers
Elliott Gue • Tue, Feb 26 • 40 Comments

Berry Petroleum Management Discusses Q3 2012 Results - Earnings Call Transcript
Thu, Nov 1, 2012
Berry Petroleum Management Discusses Q2 2012 Results - Earnings Call Transcript
Thu, Aug 2, 2012 • 1 Comment
Berry Petroleum Co. Q3 2009 Earnings Call Transcript
Fri, Oct 30, 2009
Berry Petroleum Co. Q4 2008 Earnings Call Transcript
Wed, Feb 25, 2009
Berry Petroleum Co. Q3 2008 Earnings Conference Call Transcript
Wed, Oct 29, 2008
Berry Petroleum Co. Q1 2008 Earnings Call Transcript
Wed, Apr 30, 2008
Berry Petroleum Co. Q4 2007 Earnings Call Transcript
Thu, Feb 14, 2008
Berry Petroleum Co. Q3 2007 Earnings Call Transcript
Wed, Oct 31, 2007

Berry Petroleum Reports Results for the First Quarter of 2013

Business Wire (May 6, 2013)
As Confidence Returns, So Does Deal-Making

at CNBC.com (Feb 28, 2013)
Berry Petroleum Reports 2012 Results

Business Wire (Feb 28, 2013)
Energy Stocks: Energy stocks drop as earnings disappoint

at MarketWatch.com (Feb 21, 2013)
Futures Hold Losses After Jobless Claims Report

at CNBC.com (Feb 21, 2013)
Berry Petroleum To Release Full-Year 2012 Earnings and Hold Conference Call on February 28, 2013

Business Wire (Feb 13, 2013)
Berry Petroleum Provides Corporate Update

Business Wire (Jan 31, 2013)
Berry Petroleum Announces Participation in Upcoming Investor Conference

Business Wire (Jan 14, 2013)
Berry Petroleum Announces Results for Third Quarter of 2012

Business Wire (Nov 1, 2012)
Berry Petroleum To Release Third Quarter 2012 Earnings and Hold Conference Call on November 1, 2012

Business Wire (Oct 11, 2012)
Berry Petroleum Announces Results for Second Quarter of 2012

Business Wire (Aug 2, 2012)
Berry Petroleum To Release Second Quarter 2012 Earnings and Hold Conference Call on August 2, 2012

Business Wire (Jul 19, 2012)
What's This 'Fiscal Cliff' Anyway? Do I Need to Worry?

at CNBC.com (May 2, 2012)
Berry Petroleum Announces Results for First Quarter of 2012

Business Wire (Apr 26, 2012)
Berry Petroleum To Release First Quarter 2012 Earnings and Hold Conference Call on April 26, 2012

Business Wire (Apr 17, 2012)
Berry Petroleum Company Announces Expiration and Final Results of Tender Offer for Its 10¼% Senior Notes Due 2014

Business Wire (Apr 3, 2012)
Berry Petroleum Company Announces Results of Tender Offer for Its 10¼% Senior Notes Due 2014 as of the Early Tender Date

Business Wire (Mar 20, 2012)
Stocks to Watch: Stocks to watch Wednesday: Priceline, Cypress

at MarketWatch.com (Mar 7, 2012)
Here Are Four Ways to Play High Gas Prices: Analyst

at CNBC.com (Mar 5, 2012)
Energy Stocks: Exxon loses market-cap crown as stock drops

at MarketWatch.com (Aug 10, 2011)

BRY vs. ETF Alternatives

Company Description

We are an independent energy company engaged in the production, development, acquisition, exploitation of and exploration for, crude oil and natural gas. While we were incorporated in Delaware in 1985 and have been a publicly traded company since 1987, we can trace our roots in California oil... More

Sector: Basic Materials

Industry: Independent Oil & Gas

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, June 19, 5:45 PM "I have become Mr. Linn Energy (LINE). I don't want to be. I happen to like the stock" Jim Cramer writes, citing the Berry Petroleum (BRY) merger: "It's an incredibly valuable property, much more than I think most people realize." Short-term traders should stay away, but for long-termers, the Berry deal - if it goes through - is a huge win for LINE shareholders. "If it doesn't, it will be because the bear raid worked." 3 Comments [Energy, Quick Ideas]
Wednesday, June 19, 8:55 AM Linn Energy (LINE) and LinnCo (LNCO) are upgraded to Outperform at Howard Weil, which believes the Berry Petroleum (BRY) merger could be a great catalyst, providing improved organic targets and an oilier profile. While LINN's primary focus is closing the BRY deal, H2 could prove exciting with an improved organic growth program and the potential for additional large acquisitions. LINE +1.6% premarket. 13 Comments [Energy, Quick Ideas, On the Move]
Tuesday, June 18, 3:16 PM Some of today's bounce in Linn Energy (LINE +3%) is attributed to comments by Leon Cooperman in his letter to shareholders which said his hedge fund remained "comfortable" with the stock. Cooperman argues LINE has capitalized the costs of its energy hedges in accordance with GAAP, and notes Citigroup and Credit Suisse value LinnCo (LNCO -0.8%) at $35.92 and $39.64, above the current share price. (earlier) 13 Comments [Energy, On the Move]
Monday, June 17, 12:17 PM Linn Energy (LINE -3.4%) and LinnCo (LNCO -4.3%) trade lower following a weekend Barron's article discussing that LINE's distributable cash flow may be overstated and concerns over the pending merger with Berry Petroleum (BRY -2.4%). Barron's long-held view is that LINE's accounting is aggressive because the company wants to recognize the financial benefits of the puts but not the costs. (earlier) 58 Comments [Energy, On the Move]
Friday, June 14, 6:14 PM Weakness in Linn Energy (LINE) and LinnCo (LNCO) is caused by talk that LNCO could realize a large tax liability in 2016, Wells Fargo says, though the firm thinks the speculation isn't accurate. Wells blames the widened spread between LINE and LNCO on rising short interest in LINE, which is easier to short. It keeps Outperform ratings on both, seeing the Q3 closing of the Berry Petroleum (BRY) merger as a catalyst. 31 Comments [Energy]
Friday, May 31, 2:39 PM Today's volatility in Linn Energy (LINE -2.3%) and LinnCo (LNCO -2.3%) apparently is traced to a notice of effectiveness from the SEC over the proposed takeover of Berry Petroleum (BRY -2.4%). RBC analyst John Ragozzino says he has a "high degree" of conviction the deal still will close, though it could be delayed to mid-July. 6 Comments [Energy, On the Move]
Friday, May 31, 12:24 PM Renewed worries over cash flow? MLP liquidation pressure? There's no apparent news behind today's weakness in Linn Energy (LINE -3.5%), LinnCo (LNCO -3.7%) and Berry Petroleum (BRY -2.8%). LINE and LNCO plan to acquire BRY for $4.3B, the first-ever acquisition of a public C-Corp by an upstream LLC or MLP. 23 Comments [Energy, On the Move]
Friday, March 22, 11:32 AM Trading volume in LinnCo (LNCO -0.3%) ticks up to 1.1M shares vs. average daily volume of 869K, perhaps due to Jim Cramer's apparent endorsement via Twitter. Earlier this week, Linn Energy (LINE -1.5%), owned by LNCO, said it cleared an antitrust hurdle to buy Berry Petroleum (BRY) for $4.3B; the deal was announced last month and is expected to close by the end of June. 6 Comments [Energy]
Thursday, February 28, 8:39 AM Berry Petroleum (BRY): Q4 EPS of $0.69 misses by $0.08. Revenue of $260.1M beats by $7.01M. (PR) Comment! [Earnings, Breaking News]
Thursday, February 28, 12:05 AM Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE Comment! [Earnings]
Wednesday, February 27, 5:30 PM Notable earnings before Thursday’s open: AIXG, AWR, BDBD, BKS, BRLI, BRY, CHS, CTRX, CVC, DANG, DPZ, GMXR, GTLS, HK, IRDM, IRM, ISIS, KSS, LKQ, MCGC, MTG, NIHD, OCN, PKT, RDC, RNO, SDRL, SHLD, TD, TTI, VRX, WNR, WPX, WWE Comment! [Earnings]
Friday, February 22, 1:54 PM John Hempton throws in the towel on his Linn Energy (LINE) short following yesterday's acquisition of Berry Petroleum (BRY). It's a swap of what Hempton believes is near-worthless stock for old, but valuable oil assets. Those assets can generate enough cash to keep what he believes is a Ponzi, rolling for many more years. 12 Comments [Energy, Quick Ideas]
Thursday, February 21, 1:15 PM Midday top 10 gainers: CBMX +115%. WH +85%. PRKR +48%. RPRX +31%. CLRX +26%. MKTG +23%. ALIM +20%. JAXB +17%. BRY +17%. CBR +15%.
Midday top 10 losers: PAY -39%. GENT -23%. EBIX -23%. PATK -16%. XRSC -16%. CMGE -16%. CHLN -16%. RBCN -15%. RFMD -15%. ANTP -14%. Comment! [On the Move]
Thursday, February 21, 9:10 AM Premarket gainers: PRKR +38%. RPRX +31%. NVGN +28%. BRY +22%. PEGA +17%. LOCK +7%. LNCO +5%. ALXA +5%.
Losers: GENT -37%. PAY -34%. GFI -17%. ALU -7%. WLT -6%. TSLA -5%. Comment! [On the Move]
Thursday, February 21, 9:08 AM A 20% premium, while rich, is doable, Tudor Pickering says of Linn Energy's (LINE) $2.5B purchase of Berry Petroleum (BRY). Linn wants to increase its portfolio of "long lived, shallow decline assets," and can afford to pay up, given its "lower cost of capital and focus on repeatability rather than growth." Premarket, LINE +3.3%, BRY +21.2%, and LinnCo (LNCO), which is facilitating the deal, +4.4%. 1 Comment [M&A, Energy]
Thursday, February 21, 8:12 AM Linn Energy (LINE) agrees to acquire Berry Petroleum (BRY) for stock worth ~$2.5B, in a total deal valued at $4.3B including assumed debt. As part of the transaction, LinnCo (LNCO) will issue 1.25 shares for each outstanding BRY share, which values BRY at almost $46.24/share, a 19.8% premium to its closing price yesterday. BRY +18.5%, LINE +1.8%, LNCO +2.7% premarket. 3 Comments [Energy, M&A, On the Move]

Dale Martin
On a day of fairly light volume $LINE volume through the roof. Someone wants to kill $BRY deal.
Mon, 11:05 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Alan Brochstein
$LINE and $LNCO under big pressure on rumors $BRY deal won't go through...
May 31, 2:19 PM
Reply (6)

• !Report Abuse
View all 6 replies
Alan Brochstein: Well, it is (was) their money
May 31, 3:00 PM
• !Report Abuse
skyraider: check Todd Johnson's post after talking with Linn IR. Just a possible delay....deal still on.
May 31, 4:05 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Out of $BRY at $44.80. Loss of 0.3% (15 cents), lost interest in the idea.
May 13, 1:41 PM
Reply (8)

• !Report Abuse
View all 8 replies
realornot: He will soon competes w my BMW & Audi.
May 13, 3:17 PM
• !Report Abuse
Perkins Cove: High praise from The Real himself....
May 13, 3:25 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Bought $BRY at $44.95 as just an arbitrage idea. $LNCO is trailing the bounce in $LINE by 3%, and $BRY trailing $LNCO by 1%.
May 10, 2:08 PM
Reply (3)

• !Report Abuse
View all 3 replies
Ocean Man: There are some good articles here on SA about the relationship between the three.
May 10, 3:21 PM
• !Report Abuse
Youngone91: BRY my old friend
May 11, 4:02 PM
• !Report Abuse
Add a reply...

140 characters

stvrob_63
$BRY is quite underpriced relative to $LNCO this morning
May 10, 10:11 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Sumflow
$BRY $LNCO compare BRY &LNCO http://stks.co/dTi9
May 9, 8:52 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

ltfinger
Returning Downgrades (5/6/13): $ABCO, $BRY, $DUK, $LNCO, $TSN
May 7, 2:27 PM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

jmodrkrk
sacked up, 500 $LNCO @ 38.8, hope shorts get out once mo div's start. thinking of buying some $BRY it seems mispriced to be worth 1.25 lnco
May 6, 1:37 PM
Reply (3)

• !Report Abuse
View all 3 replies
Larry Harnar: Bought extra shares of $LNCO at 38.48 this am.
May 6, 3:05 PM
• !Report Abuse
jmodrkrk: ^^^ lets hope we hit the bottom, i got busy this morning with work, couldn't get a sell order in time to catch it earlier -- good work!
May 6, 3:53 PM
• !Report Abuse
Add a reply...

140 characters

Clayton Rulli
is buying $BRY right now a 10% gain after spinoff to $LNCO shares? 1 BRY= 1.25 LNCO?
May 2, 12:55 PM
Reply (10)

• !Report Abuse
View all 10 replies
Kevin Chapman: The weird thing is that shares traded in tandem, however today you are seeing some divergence
May 2, 2:05 PM
• !Report Abuse
Clayton Rulli: still though, it seems BRY is the better buy, since its trading below what your getting at buyout, regardless of exacty # of LNCO shares
May 2, 2:10 PM
• !Report Abuse
Add a reply...

140 characters

StockConsultant
$BRY breakout watch above 48.14 from a two month consolidation area, http://goo.gl/YBnim
Apr 23, 8:38 AM
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

Alan Brochstein
$LINE and $LNCO under big pressure on rumors $BRY deal won't go through...
May 31, 2:19 PM
Reply (6)

• !Report Abuse
View all 6 replies
Alan Brochstein: Well, it is (was) their money
May 31, 3:00 PM
• !Report Abuse
skyraider: check Todd Johnson's post after talking with Linn IR. Just a possible delay....deal still on.
May 31, 4:05 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Out of $BRY at $44.80. Loss of 0.3% (15 cents), lost interest in the idea.
May 13, 1:41 PM
Reply (8)

• !Report Abuse
View all 8 replies
realornot: He will soon competes w my BMW & Audi.
May 13, 3:17 PM
• !Report Abuse
Perkins Cove: High praise from The Real himself....
May 13, 3:25 PM
• !Report Abuse
Add a reply...

140 characters

Ocean Man
Bought $BRY at $44.95 as just an arbitrage idea. $LNCO is trailing the bounce in $LINE by 3%, and $BRY trailing $LNCO by 1%.
May 10, 2:08 PM
Reply (3)

• !Report Abuse
View all 3 replies
Ocean Man: There are some good articles here on SA about the relationship between the three.
May 10, 3:21 PM
• !Report Abuse
Youngone91: BRY my old friend
May 11, 4:02 PM
• !Report Abuse
Add a reply...

140 characters

jmodrkrk
sacked up, 500 $LNCO @ 38.8, hope shorts get out once mo div's start. thinking of buying some $BRY it seems mispriced to be worth 1.25 lnco
May 6, 1:37 PM
Reply (3)

• !Report Abuse
View all 3 replies
Larry Harnar: Bought extra shares of $LNCO at 38.48 this am.
May 6, 3:05 PM
• !Report Abuse
jmodrkrk: ^^^ lets hope we hit the bottom, i got busy this morning with work, couldn't get a sell order in time to catch it earlier -- good work!
May 6, 3:53 PM
• !Report Abuse
Add a reply...

140 characters

Clayton Rulli
is buying $BRY right now a 10% gain after spinoff to $LNCO shares? 1 BRY= 1.25 LNCO?
May 2, 12:55 PM
Reply (10)

• !Report Abuse
View all 10 replies
Kevin Chapman: The weird thing is that shares traded in tandem, however today you are seeing some divergence
May 2, 2:05 PM
• !Report Abuse
Clayton Rulli: still though, it seems BRY is the better buy, since its trading below what your getting at buyout, regardless of exacty # of LNCO shares
May 2, 2:10 PM
• !Report Abuse
Add a reply...

140 characters

Energysystems
$LINE acquires $BRY.
Feb 21, 7:18 AM
Reply (7)

• !Report Abuse
View all 7 replies
Hillbilly Stock Star: Looks like they got very attractive oil assets imo.
Feb 21, 8:53 AM
• !Report Abuse
A Newell: Looks like a shareholder challenge however. I wonder if it makes a difference if this is classified as a purchace or a merger?
Feb 21, 11:52 AM
• !Report Abuse
Add a reply...

140 characters

SaltyDog62
$LINN $LNCO LINN is acquiring Berry $BRY, also BOD considering monthly dist/div... VERY NICE
Feb 21, 7:59 AM
Reply (2)

• !Report Abuse
View all 2 replies
Hillbilly Stock Star: Looks like 77 cents qtr,...
Feb 21, 9:18 AM
• !Report Abuse
SaltyDog62: Yes, after the merger takes effect. Glad I doubled my shares on the dip. Now waiting for a nicer price for $WMB
Feb 21, 9:20 AM
• !Report Abuse
Add a reply...

140 characters

Youngone91
$BRY thank you
12/18/12
Reply (1)

• !Report Abuse
View all 1 replies
Hillbilly Stock Star: $CLR ....too!
12/18/12
• !Report Abuse
Add a reply...

140 characters

Youngone91
$AGCO I love you. $BRY I love you $PCAR I love you
12/11/12
Reply (5)

• !Report Abuse
View all 5 replies
Perkins Cove: Hint....it involved money....and art. What's not to love?....grin
12/11/12
• !Report Abuse
Youngone91: 6 degrees of seperation lol? only thign that came to mind. I'm a philistine
12/11/12
• !Report Abuse
Add a reply...

140 characters

Youngone91
$BRY!
12/7/12
Reply (1)

• !Report Abuse
View all 1 replies
Hillbilly Stock Star: $MRO buying those guys? $BRY interesting assets imo.....
12/7/12
• !Report Abuse
Add a reply...

140 characters

BRY Berry Petroleum Co.

BRY

Berry Petroleum Co.