Acquisition SynergiesThe acquisition of BRY is expected to result in $80-$90m in annual synergies within 12 months, with a 14% increase in free cash flow per share.
EarningsCRC generating $587 MM of FCF next year at ~$67 per bbl Brent (~13% FCF yield), setting the stage for continued cash return to shareholders via buybacks and dividends.
Strategic PartnershipsThe company is expected to benefit from strategic partnerships that enhance its competitive edge.