Edition:
United States

California Resources Corp (CRC)

CRC on New York Consolidated

18.20USD
27 Feb 2017
Change (% chg)

$0.08 (+0.44%)
Prev Close
$18.12
Open
$18.14
Day's High
$18.54
Day's Low
$17.75
Volume
1,170,035
Avg. Vol
2,091,853
52-wk High
$25.50
52-wk Low
$4.51

Latest Key Developments (Source: Significant Developments)

California Resources reports JV to invest $250 mln in oil & gas properties
Thursday, 16 Feb 2017 04:16pm EST 

California Resources Corp : California Resources Corporation announces joint venture to invest $250 million in oil & gas properties . California Resources Corp - BSP will make an initial $50 million investment to be directed toward drilling activities across properties subject to JV . California Resources - BSP will make subsequent investments in tranches up to $50 million at discretion of JV partners over a two year investment window . California Resources Corp - announced joint venture with Benefit Street Partners L.L.C. (BSP) to invest in CRC's oil and gas properties in California .California Resources Corp - cos anticipate that initial investment will fund in approximately two weeks.  Full Article

California Resources reports Q4 loss per share of $1.83
Thursday, 16 Feb 2017 04:15pm EST 

California Resources Corp : Announces fourth quarter 2016 and year end results, 2016 reserves and 2017 capital plan . Q4 adjusted loss per share $1.76 . Q4 loss per share $1.83 . Q4 earnings per share view $-1.64 -- Thomson Reuters I/B/E/S . Quarterly production of 135,000 BOE per day , a 2.2 pct sequential decline .Will begin year with a capital investment plan of $300 million.  Full Article

California Resources says has sufficient liquidity to last well into 2018 - SEC filing
Wednesday, 4 Jan 2017 04:47pm EST 

California Resources Corp :California Resources - based on current capital program, believe to have sufficient liquidity for rest of 2016, all of 2017, well into 2018 - SEC filing.  Full Article

California Resources Q3 earnings per share $13.06
Thursday, 3 Nov 2016 04:15pm EDT 

California Resources Corp - : Total daily production volumes averaged 138,000 barrels of oil equivalent (boe) for Q3 of 2016, compared with 158,000 Boe . California Resources Corporation announces third quarter 2016 financial results and reaffirmation of borrowing base . Q3 adjusted loss per share $1.75 . Q3 earnings per share $13.06 .Q3 earnings per share view $-1.55 -- Thomson Reuters I/B/E/S.  Full Article

Victoria and Sam Liao reports 8.15 pct passive stake in California Resources
Wednesday, 31 Aug 2016 10:55am EDT 

California Resources Corp : Victoria and Sam Liao reports 8.15 pct passive stake in California Resources as of August 29, 2016 - SEC Filing Source - http://bit.ly/2cr1hAb Further company coverage: [CRC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

California Resources says entered into $1 bln credit agreement with Goldman Sachs Bank USA
Wednesday, 17 Aug 2016 05:35pm EDT 

California Resources Corp : Says entered into a $1 billion credit agreement (the “new credit agreement”) with Goldman Sachs Bank USA . Says amended its credit agreement, dated as of September 24, 2014 .Amendment provides relief from application of existing financial maintenance covenants until the end of first quarter of 2018.  Full Article

California Resources Corp provides update on tender offer
Monday, 15 Aug 2016 08:00am EDT 

California Resources Corp :California resources corporation announces oversubscription of its tender offer for outstanding notes and expected debt reduction of approximately $625 million.  Full Article

California Resources upsizes offers to purchase outstanding notes for cash
Monday, 8 Aug 2016 08:00am EDT 

California Resources Corp : California resources corporation announces upsize of its offers to purchase outstanding notes for cash .Increased from $525 million to $750 million maximum amount of cash it may use to purchase its outstanding notes.  Full Article

California Resources says announces new $1 billion term loan
Friday, 5 Aug 2016 05:26pm EDT 

California Resources Corp : California resources corporation announces new $1 billion term loan . Says priced a proposed one billion dollar new first lien secured credit facility arranged by goldman sachs bank usa .New syndicated facility would have an expected 5-year term.  Full Article

California Resources Q2 loss per share $3.51
Thursday, 4 Aug 2016 07:30am EDT 

California Resources Corp : California Resources Corporation announces second quarter 2016 financial results . Q2 loss per share $3.51 . Q2 adjusted loss per share $1.80 . Q2 earnings per share view $-1.49 -- Thomson Reuters I/B/E/S . CRC did not have any drilling rigs running during Q2 of 2016 . Quarterly total production of 140,000 BOE per day . Qtrly oil and natural gas net sales $404 million versus $621 million .Q2 revenue view $436.0 million -- Thomson Reuters I/B/E/S.  Full Article

More From Around the Web