Berry Petroleum Corporation Buyback
OLI recorded this information on 12/13/2018
||Berry Petroleum Corporation
||Berry Petroleum Corporation (NASDAQ: BRY) ("Berry" or the "Company") announced today that its Board of Directors has adopted a program for the opportunistic repurchase of up to $100 million of its common stock. Based on the Board's evaluation of current market conditions for its stock they authorized current repurchases of up to $50 million under the program. Purchases may be made from time to time in the open market, in privately negotiated transactions or otherwise. The manner, timing and amount of any purchases will be determined by the Company based on its evaluation of market conditions, stock price, compliance with outstanding agreements and other factors, may be commenced or suspended at any time without notice and does not obligate the Company to purchase shares during any period or at all. Any shares acquired will be available for general corporate purposes.
Berry Petroleum is a western United States independent upstream energy company with a focus on the conventional, long-lived oil reserves in the San Joaquin basin of California. Co. targets onshore reservoirs in the San Joaquin basin of California and, to a lesser extent, its Rockies assets including oil reservoirs in the Uinta basin of Utah and natural gas resource plays in the Piceance basin in Colorado.
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