Susquehanna believes Berry Petroleum (BRY) has a good shot at revitalized investor appeal whether or not it succeeds with its takeover of Linn Energy (LINE). The firm cited both appeal with an MLP structure and California deal flow due to changes at both Occidental Petroleum (OXY) and Freeport McMoRan (FCX). Shares are Positive rated with a $51 price target.
- Investment & Company Information
- Occidental Petroleum
- Linn Energy