Seeking Alpha

Seeking Alpha Portfolio App for iPad

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

Get email alerts on BRY »

BRY

Berry Petroleum Co.

5/24/2013, 5:26 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| 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]
Thursday, January 31, 11:55 AM Berry Petroleum (BRY +2.6%) reports production averaged 39.5K boe/day in Q4 and 36.4K boe/day for full-year 2012; expects year-end 2012 reserves of 276M boe. Plans a 2013 capital budget of $500M-$600M, which will continue to be invested in oil assets, and anticipates funding capex from internally generated cash flow. Reaffirms 10%-15% expected growth in 2013 oil production. Comment! [Energy, On the Move]
Friday, November 2, 2012, 5:29 PM Crescent Point's (CSCTF.PK) $784M acquisition of Ute Energy could herald a Utah oil boom, Wells Fargo analysts say. Investors are aware of the problems producers in eastern Utah face getting oil and gas to market, “but the entry of a company with the balance sheet to develop infrastructure is a positive.” Other players with an area presence: EOG, XOM, APC, NFX, BRY, BBG. 2 Comments [Energy]
Friday, November 2, 2012, 12:32 PM Berry Petroleum (BRY -2.5%) is downgraded to Hold from Buy at Wunderlich following its Q3 earnings miss. The firm says while 2013 projected capex of $500M-$600M is lower than expected, sequential production growth of 5%-10% is well below its 14% forecast. The firm likes BRY's asset base but is cautious that operational issues could continue to hamper growth. Comment! [Energy, Quick Ideas, On the Move]
Thursday, November 1, 2012, 8:20 AM Berry Petroleum (BRY): Q3 EPS of $0.71 misses by $0.10. Revenue of $244.8M (+6.5% Y/Y) beats by $3M. Shares -0.9% premarket. (PR) Comment! [Earnings, Energy]
Thursday, August 2, 2012, 7:25 PM Berry Petroleum Company (BRY): Q2 EPS of $1.46 may not be comparable to consensus of $0.88. Revenue of $229.7M (-5.9% Y/Y) misses by $10M. (PR) Comment! [Earnings, Energy]
Monday, June 18, 2012, 3:54 PM Raymond James downgrades a litany of big energy stocks, believing crude oil prices will average $65/bbl in 2013 as “oil fundamentals have only gotten worse." E&P names reduced: APA, APC, BPZ, CLR, CXO, DNR, EXXI, PXD, QEP, REN, WLL, GDP, KOG, OXY, PQ, SFY, OAS, SM, NOG, BRY, COP, FST, ROSE. 26 Comments [Energy, Commodities, Quick Ideas]
Thursday, April 26, 2012, 9:21 AM Berry Petroleum (BRY): Q1 EPS of $0.91 may not be comparable to consensus of $1.01. Revenue of $244M (+2% Y/Y) misses by $11M. Shares -8.9% premarket. (PR) Comment! [Earnings, Energy, On the Move]