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Article: C. K. Cooper & Company Maintains Berry Petroleum (NYSE: BRY) At Long-Term Buy, Short-Term Buy; 2001 Year-End Results Demonstrate Tremendous Resilience and Reconfirm Solid Underlying Business Approach.
- Article from:
- PR Newswire
- Article date:
- February 19, 2002
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Copyright informationCOPYRIGHT 2002 PR Newswire Association, Inc. 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. -- C. K. Cooper & Company today released a 4-page research report on Berry Petroleum titled "Battle Tested and Proven". In this report, C. K. Cooper comments on the solid year-end results posted by Berry Petroleum, in spite of record natural gas prices in the 1st half of 2001, the California energy crisis, falling oil prices, and the failure of Enron. 2002 estimates will be impacted by lower realized oil prices with EPS set at $0.91 EPS F/D. The Short-Term, Long-Term: Buy ratings suggest accumulation of shares on weakness below the stated price of $14.50 per share.
"The obstacles overcome by Berry Petroleum in 2001 are almost unbelievable. Yet ...
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