Real shit y’all: natural gas companies $CRC and $BRY tanked on overselling when news of a bill in California (AB-345) came out that it had passed a low level committee.

BRY is down like 15% this past couple of weeks.

First the bill is many steps from passing statewide, but even if it does, it would only affect like 3-4% of all of BRY’s drilling operations.

Earnings are May 16th, and CRC is up 7% in after hours after its earnings release today. Brent is in general selling at a premium rn.

So I’m just speculating, but why wouldn’t BRY also see a sizable bounce?

BTFD?

Disclosure: I’m bagholding CRC but not BRY