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Article: C. K. Cooper & Company Publishes Research Update on Berry Petroleum Corp.
- Article from:
- PR Newswire
- Article date:
- October 2, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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IRVINE, Calif., Oct. 2 /PRNewswire/ -- C. K. Cooper & Company published a 7-page research report on Berry Petroleum Corp. updating the Company.
Philip J. McPherson, Director of Research, commented, "With fast money leaving the energy sector and betting that oil prices will continue to fall, this complacency is a recipe for a rally and the key ingredient could be an unexpected merger or takeover bid by a larger company. In our opinion, Berry Petroleum is currently trading below the value of their proven reserves and for this reason we believe investors should begin accumulating shares."
Berry Petroleum closed Thursday at $28.15 per share.
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