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BRY - Berry Corp.: Dividend Could Approach $2 Over The Next Year
Berry Petroleum Corporation
Berry looks capable of generating over $3 per share in positive cash flow at $90 Brent in 2022, despite close to $1 per share in realized hedging losses.
This would allow it to pay fixed plus variable dividends of approximately $2 per share.
Berry is also maintaining flat production growth (adjusted for acquisitions and divestitures).