Acquisition ValueThe acquisition of Berry Petroleum adds value to California Resources Corp's share price, with the potential for accretion by $2 per share.
Legislative ImpactNew legislation in California, SB 237, reduces risks in the operating environment, allowing for a lower discount rate and increasing the price objective of California Resources Corp.
Operational EfficienciesThe deal with Berry Corporation is expected to enhance operational efficiencies and mitigate future cost inflation for CRC.