Bullish Case: CRC's strong 2023 financials, record cash flow, and advancements in carbon management could sustain investor confidence, potentially leading to share price gains in the near term.


Bearish Case: Market uncertainty, as shown in the implied volatility structure and CRC's mean-reverting price action, could indicate upcoming price declines or stagnation.


Potential Outcomes: 60% chance CRC maintains current momentum post robust 2023 results. 30% chance of decline driven by market uncertainty and mean-reverting trend. 10% chance status quo persists.


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April 02, 2024


California Resources Forecast

CRC        California Resources
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CRC



HES Forecast + Options Trading Strategies   HES  Hess (0.89)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.89)


NOG Forecast + Options Trading Strategies   NOG  Northern Oil and Gas (0.86)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.86)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to CRC



NICE Forecast + Options Trading Strategies   NICE  NICE (0.0)


BERY Forecast + Options Trading Strategies   BERY  Berry (-0.0)


KDP Forecast + Options Trading Strategies   KDP  Keurig Dr Pepper (0.0)


JFIN Forecast + Options Trading Strategies   JFIN  Jiayin (0.0)


RKLB Forecast + Options Trading Strategies   RKLB  Rocket Lab USA (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CRC



LW Forecast + Options Trading Strategies   LW  Lamb Weston (-0.72)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.73)


TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.75)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.89)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.89)





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