Berry Petroleum ( (BRY) ) just unveiled an update.
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Berry Corporation completed a comprehensive refinancing of its existing indebtedness, providing capital and liquidity to support its corporate strategy. The refinancing extends the company’s debt maturities, allowing it to pursue strategic growth opportunities, sustain production levels, and utilize cash flow for capital expenditures, dividends, and debt reduction. The transactions have positioned Berry with financial resources to advance strategic goals and enhance long-term shareholder value, particularly in its operations in California and the Uinta Basin.
More about Berry Petroleum
Berry Corporation is a publicly traded independent upstream energy company focusing on onshore, low geologic risk, long-lived oil and gas reserves in the western United States. It operates in two primary business segments: exploration and production, and well servicing and abandonment. Its exploration and production assets are located in California and Utah, characterized by high oil content and low population areas.
YTD Price Performance: -40.31%
Average Trading Volume: 1,390,177
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $296.2M
For an in-depth examination of BRY stock, go to TipRanks’ Stock Analysis page.
