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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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6 views
Berry Corporation's recent impairment is a one-off event, I expect net income to rebound without further impairments, making current earnings look artificially weak. New horizontal well developments and ongoing capital expenditures could boost proven reserves and free cash flow, supporting a higher future stock price. The stock repurchase program and insider purchases at $9/share signal undervaluation, with shares now trading near $3 and substantial buyback capacity remaining.
