Berry Petroleum Files Shelf

Berry Petroleum ( BRY) slipped after the Bakersfield, Calif., oil and gas company filed a shelf registration statement with the Securities and Exchange Commission.

The filing will allow the company to sell common stock, preferred stock, warrants and debt securities in any combination from time to time.

"While Berry has no immediate plans to access the equity markets, we want to be prepared for any opportunity that may require additional financial resources," CFO Ralph J. Goehring said in a statement. "This filing allows us greater financing flexibility as we continue to look for acquisitions that meet our growth and diversification objectives."

Shares of Berry dropped 92 cents, or 3.1%, to $28.76 in recent trading Friday.

More from Markets

Global Stocks March Higher as Upbeat Powell, Robust Earnings Ignite the Bulls

Global Stocks March Higher as Upbeat Powell, Robust Earnings Ignite the Bulls

Goldman to Continue I-Bank Dominance; Netflix Bonds Draw Attention - ICYMI

Goldman to Continue I-Bank Dominance; Netflix Bonds Draw Attention - ICYMI

Texas Instruments CEO Resigns After Violating Code of Conduct

Texas Instruments CEO Resigns After Violating Code of Conduct

Video: Here's How Goldman Sachs May Change Under David Solomon

Video: Here's How Goldman Sachs May Change Under David Solomon

Abbott's Capital Flexibility in Focus Ahead of Earnings Release

Abbott's Capital Flexibility in Focus Ahead of Earnings Release