KeyBanc Upgrades Berry Petroleum On Improved Regulatory Environment
Berry Petroleum Corp’s (NASDAQ: BRY ) prospects seem to have improved, with an increase in the pace of drilling permit issuance in California as well as the passing of an assembly bill in the state that could prove to be an “incremental positive” for the company, according to KeyBanc Capital Markets. The Analyst KeyBanc’s Leo Mariani upgraded Berry Petroleum from Underweight to Sector Weight. The Thesis There has been a recovery in the pace of drilling permit issuance in California, averaging around 33 per week over the last three weeks, Mariani said in the note. Of these, Berry Petroleum has received 14 new drilling permits in … Full story available on Benzinga.com
KeyBanc Upgrades Berry Petroleum On Improved Regulatory Environment
Berry Petroleum Corp’s (NASDAQ: BRY ) prospects seem to have improved, with an increase in the pace of drilling permit issuance in California as well as the passing of an assembly bill in the state that could prove to be an “incremental positive” for the company, according to KeyBanc Capital Markets. The Analyst KeyBanc’s Leo Mariani upgraded Berry Petroleum from Underweight to Sector Weight. The Thesis There has been a recovery in the pace of drilling permit issuance in California, averaging around 33 per week over the last three weeks, Mariani said in the note. Of these, Berry Petroleum has received 14 new drilling permits in … Full story available on Benzinga.com