You don't need to wait for webcast sander, presentation is there. Although great forecast with rep. of reserves for future (300-400%) and up to 4500boe/d (60% liquid)by 2013 YE,nothing new from Nov. 15, Q3 CC. I sure do love that Permian play! Don't expect jump in pps from that.
I'd like to know what is going on with E Cam. #2 (shallow GOM). They are expecting that to come back online shortly. It was producing over 2mmcfe/d prior to shut-in (hurricane last year).
Here is the link to webcast and presentation, if you want to look at it:
On gurufocus they calculate for you the fair value on base of: EPS, book value, discount rates, growth rates and inflation rates.
They give now an automatically FV of $5,73 for CPE.
It looks like it is correct, for the moment of course.
EPS has a great impact on the FV.
0,40 a share gives the programme.
If CPE can raise its EPS for 2011 at 0,60 a share FV is about $8,00, for example with higher gas- en oil prices.
For the moment this price is a top i think.
I sold yesterday at $5,89. Not because i do not trust the stock but because of other reasons. I am from Europe and have to account for euro/$-development.
That this Callon Petroleum is a good investment was showed today. Quick drop to $5,70 and then a very strong finish.
I think stock market is not ready for a real rally (point of view from Europe were exchange indexes are behind Dow Jones) because of unemployment problems in your country and currency troubles in Europe.
But with higher oil and gasprices CPE will be a solid investment IF they can raise there proved reserves.
I wish you the best.
Strong performance of Callon in last 2 trading-sessions.
I did not expect that.
I think they have confidence in the board that they not even expect to raise production like most companies do, but it also will realize.
I was out too early.
But back in a derivative.
Note terms etc are on the T-3 filed Nov. 19, 2009...pinksheets financials...."[FORM OF REVERSE SIDE OF SECURITY]
13.00% Senior Notes due 2016
Callon Petroleum Company, a Delaware corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to, being herein called the “ Company ”), promises to pay interest on the principal amount of this Security at the rate per annum shown above. Notwithstanding the foregoing, the Company promises to pay interest on the principal amount outstanding at the rate per annum of 15.00% for the period commencing 10 days after the occurrence of an Event of Default or Default under Section 6.1(c) of the Indenture until the same is paid in full or all Events of Default or Defaults under Section 6.1(c) of the Indenture are cured or waived.
The Company will pay interest quarterly on March 31, June 30, September 30 and December 31 of each year commencing December 31, 2009 and on the Final Maturity Date. Interest on the Securities will accrue from the most recent date to which interest has been paid on the Securities or, if no interest has been paid, from , 2009. The Company shall pay interest on overdue principal or premium, if any (plus interest on such interest to the extent lawful), at the rate borne by the Securities to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months."
i do not come back in CPE.
I am European Investor.
And now in derivative LONG. Its riskier but i expect like everyone an further improving economy so indices will rise.
I can earn more money with that than with CPE.
Can this CPE being a Anadarko or Marathon oil?
THEN I WILL STEP IN FOR LLLLLLLLONNNNNNNNNNG.