Events: California Resources Idea Write-Up December 2014

California Resources (NYSE: CRC) Events: Idea Write-Up December 7, 2014 SUMMARY INFO Recent PPS: $6.46 Shares Out: 387 million Market Cap: $2.5 billion Enterprise Value: $8.8 billion 2015E EPS: $.73 @ $70 WTI FVPS: $11 THESIS Quintessential spin-off opportunity created by uneconomic selling Market cap dwarfed by former corporate parent (OXY) - $2.5B versus >$60B … Continue reading Events: California Resources Idea Write-Up December 2014

Advertisements