California Resources Corporatio (CRC) 9.75 $CRC
California Resources Corporation to Participate at Upcoming Industry Conferences in September
BusinessWire - Wed Aug 31, 4:54PM CDT
California Resources Corporation (NYSE: CRC) today announced that Todd Stevens, President and CEO, will be presenting at the Barclays CEO Energy-Power Conference on September 6th at 3:45pm ET in New York City.
CRC: 9.75 (-0.40)
California Resources Corporation Announces Oversubscription of Its Tender Offer for Outstanding Notes and Expected Debt Reduction of Approximately $625 Million
BusinessWire - Mon Aug 15, 7:00AM CDT
California Resources Corporation (NYSE:CRC) today announced that its tender offer was oversubscribed as of the Early Participation Time on August 12, 2016. Because the tender offer was oversubscribed, CRC will accept unsecured notes tendered prior to the Early Participation Time based on the Acceptance Priority Levels as provided in the Offer to Purchase (as defined below) and will not accept any notes tendered after the Early Participation Time. Due to the Acceptance Priority Levels, unsecured notes in Priority Level 2 will be accepted pro rata and secured notes in Priority Level 3 will not be accepted for purchase.
CRC: 9.75 (-0.40)
Oil & Gas Stocks on Investors' Radar -- Baytex Energy, California Resources, Sanchez Energy, and Pioneer Natural Resources
PR Newswire - Fri Aug 12, 8:02AM CDT
This morning's focus on Stock-Callers.com is on the Independent Oil and Gas space which continues to rise and fall along with fluctuating oil prices. On Wednesday, August 10, 2016, oil prices fell sharply but steadied yesterday after the International Energy Agency (IEA) forecast a crude rebalance in the coming months. Stocks in review are: Baytex Energy Corp. (NYSE: BTE), California Resources Corp. (NYSE: CRC), Sanchez Energy Corp. (NYSE: SN), and Pioneer Natural Resources Co. (NYSE: PXD). Learn more about these stocks by downloading their comprehensive and free reports at:
PXD: 175.75 (-0.75), CRC: 9.75 (-0.40), BTE: 3.66 (-0.21), SN: 8.02 (-0.35)
California Resources Corporation Announces Upsize of Its Offers to Purchase Outstanding Notes for Cash
BusinessWire - Mon Aug 08, 7:00AM CDT
California Resources Corporation (NYSE: CRC) today announced that it increased from $525 million to $750 million the maximum amount of cash (the "Maximum Consideration Amount"
it may use to purchase its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024 (together, the "Unsecured Notes" and 8.00% Second Lien Secured Notes due 2022 (the "8% Notes" and, together with the Unsecured Notes, the "Outstanding Notes" pursuant to its offer to purchase (the "Tender Offers" , upon the terms and conditions set forth in the offer to purchase, dated August 1, 2016 (the "Offer to Purchase" , and the related letter of transmittal ("Letter of Transmittal" . In addition, the Company today announced that it increased from $200 million to $375 million the maximum aggregate principal amount of 8% Notes that may be purchased in the Tender Offers (such principal amount, the "8% Notes Tender Cap" . No other terms of the Tender Offers have changed. The Tender Offers are subject to the 8% Notes Tender Cap and the Acceptance Priority Levels described below.
CRC: 9.75 (-0.40)
California Resources Corporation Announces New $1 Billion Term Loan
BusinessWire - Fri Aug 05, 4:26PM CDT
California Resources Corporation (NYSE: CRC or "Company" announced today that it successfully priced a proposed one billion dollar new first lien secured credit facility arranged by Goldman Sachs Bank USA, acting as Lead Arranger and Bookrunner ("Syndicated Facility" . The Syndicated Facility would allow the Company to reduce outstanding amounts under its existing bank group credit facility ("Existing Facility" .
CRC: 9.75 (-0.40)
California Resources Corporation Announces Second Quarter 2016 Financial Results
BusinessWire - Thu Aug 04, 6:30AM CDT
California Resources Corporation ("CRC" or the "Company" (NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced a net loss of $140 million or $3.51 per diluted share for the second quarter of 2016, compared with a net loss of $68 million or $1.78 per diluted share for the same period in 2015. The adjusted net loss(1) for the second quarter of 2016 was $72 million or $1.80 per diluted share, compared with an adjusted net loss of $51 million or $1.33 per diluted share for the same period in 2015. For the first six months of 2016, the net loss was $190 million or $4.85 per diluted share, compared with a net loss of $168 million or $4.40 per diluted share for the same period in 2015. The adjusted net loss for the first six months of 2016 was $172 million or $4.39 per diluted share, compared with an adjusted net loss of $148 million or $3.87 per diluted share for the same period of 2015. Adjusted EBITDAX(2) for the second quarter and first six months of 2016 was $160 million and $284 million, respectively, compared with $270 million and $468 million for the second quarter and first six months of 2015.
CRC: 9.75 (-0.40)
California Resources Corporation Announces New Time for Its Second Quarter 2016 Earnings Release and Conference Call
BusinessWire - Wed Aug 03, 7:35AM CDT
California Resources Corporation (NYSE: CRC) has rescheduled its second quarter financial results conference call on Thursday, August 4th to 8:00 am Eastern Daylight Time. The Company's earnings will be released before the market open on the same date.
CRC: 9.75 (-0.40)
California Resources Corporation Announces Offer to Purchase Outstanding Notes for Cash
BusinessWire - Mon Aug 01, 6:45AM CDT
California Resources Corporation (NYSE: CRC) today announced the commencement of its offer to purchase (the "Tender Offers" , upon the terms and conditions set forth in the offer to purchase, dated August 1, 2016 (the "Offer to Purchase" , and the related letter of transmittal ("Letter of Transmittal" , up to a combined aggregate principal amount of its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024 (together, the "Unsecured Notes" and 8.00% Second Lien Secured Notes due 2022 (the "8% Notes" and, together with the Unsecured Notes, the "Outstanding Notes" that can be purchased with $525 million in cash (the "Maximum Consideration Amount" subject to the Acceptance Priority Levels and the 8% Tender Cap described below.
CRC: 9.75 (-0.40)
California Resources Corporation Announces 1-for-10 Reverse Stock Split
BusinessWire - Wed Jun 01, 5:30AM CDT
California Resources Corporation (NYSE: CRC) announced today that at the close of business on May 31, 2016, it effected a 1-for-10 reverse stock split. Each 10 shares of the Company's common stock outstanding were combined into 1 share of common stock.
CRC: 9.75 (-0.40)
AWS Morning Technical Breakdown Highlights: Chesapeake Energy, Marathon Oil, Southwestern Energy, and California Resources
ACCESSWIRE - Mon May 23, 8:15AM CDT
LONDON, UK / ACCESSWIRE / May 23, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Chesapeake Energy, Marathon Oil, Southwestern Energy and California Resources.
CRC: 9.75 (-0.40), CHK: 6.56 (-0.25), MRO: 13.87 (-0.22), SWN: 14.25 (+0.39)
California Resources Corporation Announces First Quarter 2016 Financial Results
BusinessWire - Thu May 05, 3:15PM CDT
California Resources Corporation ("CRC" or the "Company" (NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced an adjusted net loss(1) of $100 million or ($0.26) per diluted share for the first quarter of 2016, compared with an adjusted net loss of $97 million or ($0.25) per diluted share for the first quarter of 2015. Adjusted EBITDAX(2) for the first quarter of 2016 was $124 million, compared with $198 million for the first quarter of 2015.
CRC: 9.75 (-0.40)
Earnings Are Fueling a Huge Rally in EP Energy Corp.'s Stock Today
Matthew DiLallo, The Motley Fool - Motley Fool - Thu May 05, 10:52AM CDT
What: Shares of EP Energy surged more than 32% by 11:00 a.m. ET on Thursday. Fueling that surge was the company's first-quarter earnings report. So what: EP Energy reported adjusted earnings of $0.19 per share, which was $0.18 per share...
CRC: 9.75 (-0.40), EPE: 3.62 (-0.05)
California Resources Corporation Announces Its First Quarter 2016 Earnings Release and Conference Call
BusinessWire - Mon Apr 18, 9:04AM CDT
California Resources Corporation (NYSE: CRC) will host its first quarter financial results conference call on Thursday, May 5th, at 5:00 p.m. Eastern Daylight Time. The Company's earnings will be released following the market close on the same date.
CRC: 9.75 (-0.40)
Today's Oil Rally Has Made a Lot of Investors Happy (DNR, SM, CRC, LPI, SWN)
Tyler Crowe, The Motley Fool - Motley Fool - Tue Apr 12, 3:47PM CDT
Image source: BP via Flickr. What: There was a lot of good news in the oil patch today, which has sent shares of independent oil and gas producers flying today. While some of that news is still speculative, there was some tangible news that...
CRC: 9.75 (-0.40), SM: 33.24 (-1.31), DNR: 2.62 (-0.15), LPI: 11.24 (-0.16), SWN: 14.25 (+0.39)
California Resources Corporation (NYSE: CRC) New Analyst Comments
ACCESSWIRE - Tue Feb 09, 8:08AM CST
CHATSWORTH, CA / ACCESSWIRE / February 9, 2016 / California Resources Corporation (NYSE: CRC) an independent oil and natural gas exploration and production company, has recently been under pressure with oil hovering around the $30 mark. California Resources has had some success in reducing its leverage after swapping $2.8 billion of its bonds resulting in a $563 million reduction in its outstanding principal, but it still has a ways to go. With more than $6.4 Billion in debt on the balance sheet, difficult times are ahead for this producer. The market continues to be very concerned about the leverage and liquidity of smaller independent oil companies, with those worries heightened whenever oil takes a big dive. This volatility won't go away until these companies either find a more permanent solution to their issues, or the price of oil rises significantly.
CRC: 9.75 (-0.40)
Today's Review on Independent Oil & Gas Stocks -- Denbury Resources, California Resources, Occidental Petroleum, and EOG Resources
ACCESSWIRE - Tue Feb 09, 7:03AM CST
NEW YORK, NY / ACCESSWIRE / February 9, 2016 / Park Lane Advisor has initiated coverage on the following equities: Denbury Resources Inc. (NYSE: DNR), California Resources Corporation (NYSE: CRC), Occidental Petroleum Corporation (NYSE: OXY), and EOG Resources Inc. (NYSE: EOG). Free note on Denbury Resources can be accessed at http://www.parklaneadvisor.com/ On Monday, February 08, 2016, the NASDAQ Composite ended at 4,283.75, down 1.82%, the Dow Jones Industrial Average declined 1.10%, to finish the day at 16,027.05, and the S&P 500 closed at 1,853.44, down 1.42%. Register for your complimentary reports at the links given below.
CRC: 9.75 (-0.40), EOG: 90.40 (+0.35), DNR: 2.62 (-0.15), OXY: 70.50 (-0.32)
Oil Slumps 6% Sending Oil Stocks Down With It
Matthew DiLallo, The Motley Fool - Motley Fool - Mon Feb 01, 2:36PM CST
What: After surging 9% last week, crude reversed course on Monday, closing down 6%. This caused oil stocks to follow suit, with Ultra Petroleum , Nabors Industry , Denbury Resources , California Resources , and Whiting Petroleum all...
WLL: 6.86 (-0.11), CRC: 9.75 (-0.40), NBR: 9.68 (+0.03), UPL: 0.31 (unch), DNR: 2.62 (-0.15)
Weakness Seen in California Resources (CRC) Estimates: Should You Stay Away?
Zacks Equity Research - Zacks Investment Research - Mon Feb 01, 7:58AM CST
California Resources has an unfavorable Zacks Rank and the stock has been witnessing a significant price decline and negative earnings estimate revisions
CRC: 9.75 (-0.40), MCF: 8.98 (-0.19)
California Resources Corporation to Participate at Upcoming Industry Conferences in September
BusinessWire - Wed Aug 31, 4:54PM CDT
California Resources Corporation (NYSE: CRC) today announced that Todd Stevens, President and CEO, will be presenting at the Barclays CEO Energy-Power Conference on September 6th at 3:45pm ET in New York City.
CRC: 9.75 (-0.40)
California Resources Corporation Announces Oversubscription of Its Tender Offer for Outstanding Notes and Expected Debt Reduction of Approximately $625 Million
BusinessWire - Mon Aug 15, 7:00AM CDT
California Resources Corporation (NYSE:CRC) today announced that its tender offer was oversubscribed as of the Early Participation Time on August 12, 2016. Because the tender offer was oversubscribed, CRC will accept unsecured notes tendered prior to the Early Participation Time based on the Acceptance Priority Levels as provided in the Offer to Purchase (as defined below) and will not accept any notes tendered after the Early Participation Time. Due to the Acceptance Priority Levels, unsecured notes in Priority Level 2 will be accepted pro rata and secured notes in Priority Level 3 will not be accepted for purchase.
CRC: 9.75 (-0.40)
Oil & Gas Stocks on Investors' Radar -- Baytex Energy, California Resources, Sanchez Energy, and Pioneer Natural Resources
PR Newswire - Fri Aug 12, 8:02AM CDT
This morning's focus on Stock-Callers.com is on the Independent Oil and Gas space which continues to rise and fall along with fluctuating oil prices. On Wednesday, August 10, 2016, oil prices fell sharply but steadied yesterday after the International Energy Agency (IEA) forecast a crude rebalance in the coming months. Stocks in review are: Baytex Energy Corp. (NYSE: BTE), California Resources Corp. (NYSE: CRC), Sanchez Energy Corp. (NYSE: SN), and Pioneer Natural Resources Co. (NYSE: PXD). Learn more about these stocks by downloading their comprehensive and free reports at:
PXD: 175.75 (-0.75), CRC: 9.75 (-0.40), BTE: 3.66 (-0.21), SN: 8.02 (-0.35)
California Resources Corporation Announces Upsize of Its Offers to Purchase Outstanding Notes for Cash
BusinessWire - Mon Aug 08, 7:00AM CDT
California Resources Corporation (NYSE: CRC) today announced that it increased from $525 million to $750 million the maximum amount of cash (the "Maximum Consideration Amount"
it may use to purchase its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024 (together, the "Unsecured Notes" and 8.00% Second Lien Secured Notes due 2022 (the "8% Notes" and, together with the Unsecured Notes, the "Outstanding Notes" pursuant to its offer to purchase (the "Tender Offers" , upon the terms and conditions set forth in the offer to purchase, dated August 1, 2016 (the "Offer to Purchase" , and the related letter of transmittal ("Letter of Transmittal" . In addition, the Company today announced that it increased from $200 million to $375 million the maximum aggregate principal amount of 8% Notes that may be purchased in the Tender Offers (such principal amount, the "8% Notes Tender Cap" . No other terms of the Tender Offers have changed. The Tender Offers are subject to the 8% Notes Tender Cap and the Acceptance Priority Levels described below. CRC: 9.75 (-0.40)
California Resources Corporation Announces New $1 Billion Term Loan
BusinessWire - Fri Aug 05, 4:26PM CDT
California Resources Corporation (NYSE: CRC or "Company"
announced today that it successfully priced a proposed one billion dollar new first lien secured credit facility arranged by Goldman Sachs Bank USA, acting as Lead Arranger and Bookrunner ("Syndicated Facility" . The Syndicated Facility would allow the Company to reduce outstanding amounts under its existing bank group credit facility ("Existing Facility" . CRC: 9.75 (-0.40)
California Resources Corporation Announces Second Quarter 2016 Financial Results
BusinessWire - Thu Aug 04, 6:30AM CDT
California Resources Corporation ("CRC" or the "Company"
(NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced a net loss of $140 million or $3.51 per diluted share for the second quarter of 2016, compared with a net loss of $68 million or $1.78 per diluted share for the same period in 2015. The adjusted net loss(1) for the second quarter of 2016 was $72 million or $1.80 per diluted share, compared with an adjusted net loss of $51 million or $1.33 per diluted share for the same period in 2015. For the first six months of 2016, the net loss was $190 million or $4.85 per diluted share, compared with a net loss of $168 million or $4.40 per diluted share for the same period in 2015. The adjusted net loss for the first six months of 2016 was $172 million or $4.39 per diluted share, compared with an adjusted net loss of $148 million or $3.87 per diluted share for the same period of 2015. Adjusted EBITDAX(2) for the second quarter and first six months of 2016 was $160 million and $284 million, respectively, compared with $270 million and $468 million for the second quarter and first six months of 2015. CRC: 9.75 (-0.40)
California Resources Corporation Announces New Time for Its Second Quarter 2016 Earnings Release and Conference Call
BusinessWire - Wed Aug 03, 7:35AM CDT
California Resources Corporation (NYSE: CRC) has rescheduled its second quarter financial results conference call on Thursday, August 4th to 8:00 am Eastern Daylight Time. The Company's earnings will be released before the market open on the same date.
CRC: 9.75 (-0.40)
California Resources Corporation Announces Offer to Purchase Outstanding Notes for Cash
BusinessWire - Mon Aug 01, 6:45AM CDT
California Resources Corporation (NYSE: CRC) today announced the commencement of its offer to purchase (the "Tender Offers"
, upon the terms and conditions set forth in the offer to purchase, dated August 1, 2016 (the "Offer to Purchase" , and the related letter of transmittal ("Letter of Transmittal" , up to a combined aggregate principal amount of its outstanding 5.0% Senior Notes due 2020, 5.5% Senior Notes due 2021, 6.0% Senior Notes due 2024 (together, the "Unsecured Notes" and 8.00% Second Lien Secured Notes due 2022 (the "8% Notes" and, together with the Unsecured Notes, the "Outstanding Notes" that can be purchased with $525 million in cash (the "Maximum Consideration Amount" subject to the Acceptance Priority Levels and the 8% Tender Cap described below. CRC: 9.75 (-0.40)
California Resources Corporation Announces 1-for-10 Reverse Stock Split
BusinessWire - Wed Jun 01, 5:30AM CDT
California Resources Corporation (NYSE: CRC) announced today that at the close of business on May 31, 2016, it effected a 1-for-10 reverse stock split. Each 10 shares of the Company's common stock outstanding were combined into 1 share of common stock.
CRC: 9.75 (-0.40)
AWS Morning Technical Breakdown Highlights: Chesapeake Energy, Marathon Oil, Southwestern Energy, and California Resources
ACCESSWIRE - Mon May 23, 8:15AM CDT
LONDON, UK / ACCESSWIRE / May 23, 2016 / ActiveWallSt.com announces the list of stocks featured in the Technical Morning Blog. Every morning the Active Wall St. team discusses the latest news and technical events impacting stocks and the financial markets. Companies recently featured in the blog include Chesapeake Energy, Marathon Oil, Southwestern Energy and California Resources.
CRC: 9.75 (-0.40), CHK: 6.56 (-0.25), MRO: 13.87 (-0.22), SWN: 14.25 (+0.39)
California Resources Corporation Announces First Quarter 2016 Financial Results
BusinessWire - Thu May 05, 3:15PM CDT
California Resources Corporation ("CRC" or the "Company"
(NYSE:CRC), an independent California-based oil and gas exploration and production company, today announced an adjusted net loss(1) of $100 million or ($0.26) per diluted share for the first quarter of 2016, compared with an adjusted net loss of $97 million or ($0.25) per diluted share for the first quarter of 2015. Adjusted EBITDAX(2) for the first quarter of 2016 was $124 million, compared with $198 million for the first quarter of 2015. CRC: 9.75 (-0.40)
Earnings Are Fueling a Huge Rally in EP Energy Corp.'s Stock Today
Matthew DiLallo, The Motley Fool - Motley Fool - Thu May 05, 10:52AM CDT
What: Shares of EP Energy surged more than 32% by 11:00 a.m. ET on Thursday. Fueling that surge was the company's first-quarter earnings report. So what: EP Energy reported adjusted earnings of $0.19 per share, which was $0.18 per share...
CRC: 9.75 (-0.40), EPE: 3.62 (-0.05)
California Resources Corporation Announces Its First Quarter 2016 Earnings Release and Conference Call
BusinessWire - Mon Apr 18, 9:04AM CDT
California Resources Corporation (NYSE: CRC) will host its first quarter financial results conference call on Thursday, May 5th, at 5:00 p.m. Eastern Daylight Time. The Company's earnings will be released following the market close on the same date.
CRC: 9.75 (-0.40)
Today's Oil Rally Has Made a Lot of Investors Happy (DNR, SM, CRC, LPI, SWN)
Tyler Crowe, The Motley Fool - Motley Fool - Tue Apr 12, 3:47PM CDT
Image source: BP via Flickr. What: There was a lot of good news in the oil patch today, which has sent shares of independent oil and gas producers flying today. While some of that news is still speculative, there was some tangible news that...
CRC: 9.75 (-0.40), SM: 33.24 (-1.31), DNR: 2.62 (-0.15), LPI: 11.24 (-0.16), SWN: 14.25 (+0.39)
California Resources Corporation (NYSE: CRC) New Analyst Comments
ACCESSWIRE - Tue Feb 09, 8:08AM CST
CHATSWORTH, CA / ACCESSWIRE / February 9, 2016 / California Resources Corporation (NYSE: CRC) an independent oil and natural gas exploration and production company, has recently been under pressure with oil hovering around the $30 mark. California Resources has had some success in reducing its leverage after swapping $2.8 billion of its bonds resulting in a $563 million reduction in its outstanding principal, but it still has a ways to go. With more than $6.4 Billion in debt on the balance sheet, difficult times are ahead for this producer. The market continues to be very concerned about the leverage and liquidity of smaller independent oil companies, with those worries heightened whenever oil takes a big dive. This volatility won't go away until these companies either find a more permanent solution to their issues, or the price of oil rises significantly.
CRC: 9.75 (-0.40)
Today's Review on Independent Oil & Gas Stocks -- Denbury Resources, California Resources, Occidental Petroleum, and EOG Resources
ACCESSWIRE - Tue Feb 09, 7:03AM CST
NEW YORK, NY / ACCESSWIRE / February 9, 2016 / Park Lane Advisor has initiated coverage on the following equities: Denbury Resources Inc. (NYSE: DNR), California Resources Corporation (NYSE: CRC), Occidental Petroleum Corporation (NYSE: OXY), and EOG Resources Inc. (NYSE: EOG). Free note on Denbury Resources can be accessed at http://www.parklaneadvisor.com/ On Monday, February 08, 2016, the NASDAQ Composite ended at 4,283.75, down 1.82%, the Dow Jones Industrial Average declined 1.10%, to finish the day at 16,027.05, and the S&P 500 closed at 1,853.44, down 1.42%. Register for your complimentary reports at the links given below.
CRC: 9.75 (-0.40), EOG: 90.40 (+0.35), DNR: 2.62 (-0.15), OXY: 70.50 (-0.32)
Oil Slumps 6% Sending Oil Stocks Down With It
Matthew DiLallo, The Motley Fool - Motley Fool - Mon Feb 01, 2:36PM CST
What: After surging 9% last week, crude reversed course on Monday, closing down 6%. This caused oil stocks to follow suit, with Ultra Petroleum , Nabors Industry , Denbury Resources , California Resources , and Whiting Petroleum all...
WLL: 6.86 (-0.11), CRC: 9.75 (-0.40), NBR: 9.68 (+0.03), UPL: 0.31 (unch), DNR: 2.62 (-0.15)
Weakness Seen in California Resources (CRC) Estimates: Should You Stay Away?
Zacks Equity Research - Zacks Investment Research - Mon Feb 01, 7:58AM CST
California Resources has an unfavorable Zacks Rank and the stock has been witnessing a significant price decline and negative earnings estimate revisions
CRC: 9.75 (-0.40), MCF: 8.98 (-0.19)
