CRC Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: Increasing oil demand alongside potential regulatory cost passthrough supports a bullish outlook for CRC, particularly if recent earnings show positive trends.




Bearish Case: Regulatory pressures in California could lead to increased production costs, potentially suppressing CRC's stock price amidst heightened volatility.




Potential Outcomes:

1. 60% probability of continued bullish sentiment from oil price stability;
2. 25% chance of a bearish price impact due to regulatory changes;
3. 15% probability of price stagnation amidst mixed market signals.




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November 24, 2024


California Resources Forecast

CRC        California Resources











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