Professional
Added to YB: 2026-07-02
Pitch date: 2026-05-21
CRC [neutral]
California Resources Corporation
-15.69%
current return
Author Info
No bio for this author
Company Info
California Resources Corporation operates as an independent energy and carbon management company in the United States.
Market Cap
$4.7B
Pitch Price
$61.38
Price Target
N/A
Dividend
3.06%
EV/EBITDA
11.16
P/E
-9.87
EV/Sales
1.74
Sector
Oil, Gas and Consumable Fuels
Category
growth
Meridian Contrarian Fund Portfolio Holding: California Resources Corporation
CRC (trimmed position): CA oil & gas producer w/ growing carbon management biz (CO2 capture/storage in spent caverns). Bought post-bankruptcy on misunderstood assets: oil/gas, LA oceanfront land, carbon mgmt. Q1 outperformed on carbon-neutral energy/land/water for AI data centers + higher oil. Trimmed on strength, remain long.
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