Berry Corp.: The Singularity Approaches

Mar. 28, 2022 5:14 AM ETBerry Corporation (BRY) StockBRY34 Comments

Summary

  • Berry stock has recently broken through a two-year trading range.
  • We think there is an energy singularity on the horizon, particularly in California that could advantage Berry.
  • Risk tolerant investors may find the potential reward suits their profile at BRY stock's current prices.
  • Looking for more investing ideas like this one? Get them exclusively at The Daily Drilling Report. Learn More »
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Introduction

A good bit of water has passed under the bridge since we discussed Berry Corp, (NASDAQ:BRY). It ramped up from $5.8 to $10.50 shortly after that bullish article in September of last year. Over the short haul, we didn't see a

This article was written by

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Fluidsdoc is an international oil industry veteran with 40 years of experience having worked on six continents and in over twenty countries around the world. He is an expert in the upstream oilpatch and an energy sector specialist.

He is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwater drillers, technical analysis to identify catalysts, and more. Learn More.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of BRY 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.

This is not advice to buy or sell this stock or ETF in spite of the "BUY" rating I am forced to select in the SA template. I am not an accountant or CPA or CFA. This article is intended to provide information to interested parties and is in no way a recommendation to buy or sell the securities mentioned. As I have no knowledge of individual investor circumstances, goals, and/or portfolio concentration or diversification, readers are expected to do their own due diligence before investing their hard-earned cash.

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.

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