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BRY - Berry Corporation: Announcing A Shareholder Return Model For Its Positive Cash Flow
Berry Petroleum Corporation
Berry sold its Placerita asset, reducing its California regulatory risk as its remaining assets in California are in rural Kern County.
Berry is also capable of generating over $200 million in positive cash flow in 2022 at current strip.
It will soon outline a shareholder return model to show how it plans to allocate its cash flow to various items such as dividends, share repurchases, and debt reduction.