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Callon Petroleum Company Message Board

  • whisperingpines1962 whisperingpines1962 Sep 30, 2013 10:07 AM Flag


    This has been showing great strength of late even this morn. with the market tanking,,,we were down but now are showing upward strength again,,,the big funds must like the the transformation happening here!!!!!!! I know I am!

    Sentiment: Strong Buy

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    • They had two investor presentations today...the big boys must have liked what they heard there! Closing above $7 within the next 12 months. I am considering adding once they have sold Medusa and acquired more acreage in the Permian....even though that will probably be at a higher price than today...
      Check out one of my favorites in the E&P space: has been completely beaten down due to an unsustainable balance sheet approach by management (and the Canadian discount due to price volatility relative to WTI)...but the assets are of very high quality...and now the vultures are, at last a big jump (PMG, another spin-off of former Petrobakken got acquired over the weekend for a significant premium, it was also beaten down)...I expect a 20% run up in the share price in the short an economic crisis that hurts oil prices significantly!

      Sentiment: Strong Buy

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