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CRCBullishM&Anews
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California Resources Has 'Unique Exposure' To Meet Power Demand, Says Bullish Analyst On Heels Of Aera Merger

Aug 21, 2024, 12:42 PM EDT1 sourcesAI-analyzed

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CRC completed a $2.1 billion merger with Aera Energy last month. Bank of America upgraded CRC from Neutral to Buy, raising the price target to $65. California facing power demand issues may benefit CRC's CalCapture project. Analyst suggests natural gas with CCS is a pragmatic transition fuel.

  • CRC completed a $2.1 billion merger with Aera Energy last month.
  • Bank of America upgraded CRC from Neutral to Buy, raising the price target to $65.
  • California facing power demand issues may benefit CRC's CalCapture project.
  • Analyst suggests natural gas with CCS is a pragmatic transition fuel.

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