Roth Capital says California passed Senate Bill 237 and Assembly Bill 881, which should “reinvigorate” oil and gas well permitting in Kern County. The bills should allow California Resources (CRC) to stabilize production next year versus the recent modest declines it has been experiencing, the analyst tells investors in a research note. Roth sees the shares have a slight positive reaction to the news on Monday. It keeps a Buy rating on the shares with a $56 price target
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