Berry Petroleum Company (NYSE:BRY)

IOG Europe Article

Positive Stock for the next few years

.5

The book value is $18.57 and they have substantial oil reserves, this stock is going to $40+ within 12 months. Get some, own a secure asset and make money. That's what I have been doing with BRY.

With the price of oil as low (relatively speaking) as it is today and though I haven't been tracking this stock at all, I am going to pick it to go up. I would have to speculate that the drop in oil is already priced into their price per share given that they are trading at around 25% of their 52 week high. Having said that I by no means wish for the ppb to go back up, but it inevitably will and they should profit handsomely.

Not the greatest E&P company. These guys have $1b in debt. (Mkt cap only $600M.) a really weak cash position, with negative leveredfree cash flow. I havent' looked at the share price relative to proved reserves, they may be a buyout candidate. But, this makes a pretty good short-term trade.

Oil and gas may be deep in to it right now, but long term as the world economy pulls itself up by it's bootstrapes, oil will make a comeback. Alt energy is wonderful, but it will take many years for it to make a significant dent in the use of oil. The days of easy extraction of oil are gone and some of the petroleum resources ie oil shale will require prices above $80 long term to exploit them economically. Oil fields around the world are showing decreases, some major, in their output. I am also convinced that OPEC is actually seriious this time about toeing the line on production reductions to try to drive the price of oil to the $70 mark or better. long petroleum 10 to 20 years!!

cheap oil stock

Fundament is great, very attractive stock into the future. Fair value cca 55$

Most of Berry's natural gas properties are located in basins in the Rocky Mountains that are still poised for
significant production gains. Berry's East Texas properties gives it more exposure to natural gas, balancing its reserve profile between gas and oil. Costs should drop next year due to lower industry wide activity. Berry's large positive oil hedge position prevents a bad situation from being worse. My price objective is based on average oil price of $45 and nat gas price of $6 for 2009, any increase in this could result in much better performance.

One year price objective: $20

Completely over sold!! Debt concerns weigh on this stock but I think that fear has created a good buying oppurtunity, This company makes more at $20 a barrel than it's currently being priced at! It's currently down almost 90% while oil is down about 65-70% from it's highs. The world is not dissaprearing and we will not stop consuming. buy!!!

$75+

Demand

the assumption is the oil price can only go higher so does berry

Oil Oil Oil

Piceance gas production ramping up big time. Oil coming off hedge pricing and will sell at $125/bbl.

CWAG

LAZY MANS WAY TO RICHES

Berry is an easy one. They have a great growth profile; supported by massive natural resource holdings all over the western half of the US (more than a million acres & counting in active lease holds). Their forward PE of 14.4 is VERY low for a company with their profile. I just don't see the downside risk in owning this stock for at least the next 5 years.