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Berry Petroleum Company (BRY) [hlAlert]

Rating:
Buy BRY
down 6.23 %

Berry Petroleum Company (BRY) rated Buy with price target $66 by Broadpoint Capital

Posted on: Tuesday,  Jul 22, 2008  8:25 AM ET by Broadpoint Capital

Broadpoint Capital rated Buy Berry Petroleum Company (NYSE: BRY) on 07/22/2008, when the stock price was $50.39. Since
then, Berry Petroleum Company has lost 6.23% as of 12/16/2013's recent price of $47.25.
If you would have followed this Broadpoint Capital's recommendation on BRY, you would have lost 6.23% of your investment in 1973 days.

Berry Petroleum Company (Berry) is an energy company engaged in the production, development, acquisition, exploitation and exploration of crude oil and natural gas. The Company has organized its operations into seven asset teams: South Midway-Sunset (S. Midway), North Midway-Sunset, including diatomite (N. Midway), Southern California, including Poso Creek and Placerita (S. Cal), Piceance, Uinta, DJ and E. Texas. On July 15, 2008, the Company acquired a 100% working interest in natural gas producing properties on 4,500 net acres in Limestone and Harrison counties in East Texas.

Broadpoint Capital, Inc. is an investment banking and capital markets firm that provides corporate and public finance services and trading of corporate, government, and municipal securities for institutions. The company has three divisions: Municipal Capital Markets division, which underwrites and trades municipal securities in new issue and secondary markets; Taxable Fixed Income division, which is a dealer focusing on fixed income securities with limited liquidity; and Equity Capital Markets division, which is a sector-focused investment banking group providing research, trading, raising of capital and advisory services for institutional and corporate clients. Broadpoint Capital, formerly known as First Albany Corporation, was founded in 1953 and is based in New York, New York. The company operates as a subsidiary of First Albany Companies Inc.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/22/2008 8:25 AM Buy
None
50.39 66.00
as of 12/24/2008
1 Week up  4.63 %
1 Month up  62.22 %
3 Months up  140.00 %
1 YTD down  -66.42 %

(*) Stock Price at the time of the recommendation.
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