Berry Petroleum Company
-
A Value Play in Oil and Gas
By Piyush Arora - April 8, 2013 | Tickers: BRY, LNCO, LINE
Investing in high-income growth stocks has always been a solid strategy, but investing in MLPs, or Master Liability Partnerships, is an even better approach. Companies that generate steady cash flows opt for an MLP status, which saves them the hassle of double taxation while unit holders get the bulk of the earnings. Linn Energy (NASDAQ: LINE) is one such company, and its hefty yield of 7.6% makes it a more »
-
A Value Play in Oil and Gas
By Piyush Arora - April 2, 2013 | Tickers: BRY, LNCO, LINE
Investing in high-income growth stocks has always been a solid strategy, but investing in MLPs or Master Liability Partnership is an even better strategy. Companies that generate steady cash flows opt for an MLP status, which saves them the hassle of double taxation and unit holders get the bulk of its earnings. Linn Energy (NASDAQ: LINE) is one such company, and its hefty yield of 7.64% makes it a more »
-
The Latest Purchases by David Dreman's $3.5 Billion Fund
By Meena Krishnamsetty - March 21, 2013 | Tickers: BRY, FNFG, ITRI, KLIC, MENT
Billion-dollar fund manager David Dreman has been investing institutional money on Wall Street since 1977 within his fund, Dreman Value Management. The investment firm, which heavily favors financial stocks, recently released its Q4 13F filing with the SEC, detailing which positions it held going into the end of last year. We keep a close eye on how the Street’s giants invest their money, as we’ve found a number more »
-
LPs Looking Increasingly Like CanRoys
By Reuben Brewer - March 18, 2013 | Tickers: BRY, FUN, EPD, LINE
The recent move by Linn Energy (NASDAQ: LINE) to buy Berry Petroleum (NYSE: BRY) has highlighted the tax benefits of the limited partnership (LPs) structure. While this deal isn't earth shattering, the increasing prominence of LPs is looking frighteningly similar to the rise of CanRoys. The demise of that Canadian corporate structure didn't end well for investors.
CanRoys
CanRoys were very similar in nature to limited partnerships in more »
-
Major Move for This Company in the Energy Arena
By Mike Thiessen - March 18, 2013 | Tickers: BRY, LINE, PBT
Houston-based independent oil and gas producer Linn Energy (NASDAQ: LINE) recently announced that it would acquire Denver-based oil exploration outfit Berry Petroleum (NYSE: BRY) in an all-stock deal that values the company at over $4 billion. The deal would provide Linn with significant exposure to some of the fastest-growing oil plays in the United States and could permit it to compete directly with several larger players in the space. However more »
-
Linn Energy is a Buy After Berry's Acquisition
By Anh HOANG - February 26, 2013 | Tickers: BRY, LNCO, LINE
Linn Energy (NASDAQ: LINE) has just announced that it will boost its oil reserves in several states in the US by acquiring Berry Petroleum (NYSE: BRY) for about $2.5 billion in stock, with a total deal value of $4.3 billion, including debt. Does the deal overvalue or undervalue Berry Petroleum? Is Linn a good buy after this deal?
Deal Structure
With a total deal value of $4.3 more »
-
Is Twin Butte Energy On The Operating Table?
By Nathan Kirykos - February 12, 2013 | Tickers: BTE, BRY, TBE
"The best thing that happens to us is when a great company gets into temporary trouble...We want to buy them when they're on the operating table." - Warren Buffett.
-
Betting on the Monterey Shale
By Meena Krishnamsetty - February 6, 2013 | Tickers: BRY, NFG, OXY, PXP, VQ
Oil extraction by hydraulic fracturing, or “fracking,” has undoubtedly transformed the landscape of the American energy market (see The Definitive Guide to Fracking), put the United States on the fast track to energy independence, and thrust the names of shale formations such as the Marcellus, the Bakken, and Eagle Ford to the forefront of public consciousness. Soon, the sun-soaked, star-studded counties of Southern California may supplant the plains of North more »
-
Billionaire Steven Cohen Buys Another Energy Stock
By Meena Krishnamsetty - November 2, 2012 | Tickers: BRY, CRZO, XCO, GDP, SGY
According to a filing with the SEC, SAC Capital Advisors and its related funds owned a total of 1.9 million shares of Goodrich Petroleum (NYSE: GDP) as of late October, which gives it just over 5% of the shares outstanding. SAC’s success since its founding has made manager Steven Cohen a billionaire and so we like to keep track of the large positions that it takes in companies more »
-
California's Love-Hate Relationship with Oil and Gas
By Eric Fox - October 4, 2012 | Tickers: BRY, BBEP, CVX, NFG, OXY |
Occidental Petroleum (NYSE: OXY) has considerable oil and gas assets in California and plans to explore its large leasehold position here to help grow the company’s production and reserves over the long term.
California Oil and Gas
California has a long history of oil and gas exploration and development, which belies its current reputation as being inhospitable to the industry. In the mid-19th Century, oil was collected from natural more »
-
Petroleum Production Company Comparison
By Maxwell Kirchhoff - December 22, 2011 | Tickers: APA, BRY, PXD, UPL
Although some investors maintain the belief that an inverse correlation between oil and major markets exists due to increasing costs of transportation and production, recent analyses demonstrate that this held true only 40% of the time from 1990 to 2008. Instead, the relationship between the DOW and Crude Oil demonstrates a direct correlation more often than not.
Overall, global demand for petroleum is increasing and numerous investment opportunities exist for more »