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Callon Petroleum Company Message Board

  • whisperingpines1962 whisperingpines1962 Jul 18, 2013 2:39 PM Flag

    Stock price

    I know oil is up ,,,but this is trading like something more is going on here,,,,,,,,very strong today!!!!!!!

    Sentiment: Strong Buy

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    • Could there be a rumor of an offer for Meduca?

      • 2 Replies to lagrandpro
      • Well I never believed in all that cup and handle / candle stick theory, but I guess it crossed the resistance yesterday they were looking for. Now that there is some support I would love for the news to come out about the sale of the Medusa which could make it pop another buck or so. Or this message from the last CC may have some traction for this well ( Neal 341H) was to be completed this month.

        "Thank you, Fred, and good morning. As Fred mentioned, the Southern Midland Basin is our key focus area for our 2013 horizontal development. Since our last update, we have completed 2 additional horizontal wells at our East Bloxom field. The latest test on the Neal 343H well produced over 1,000 barrels of oil equivalent per day while continuing to clean up. The Neal 342H, the second well on the 3-well pad, is currently in the process of drilling out the plugs following a 25-stage fracture stimulation, and we expect to bring that well online in the next few days. Both of these wells were completed in the Wolfcamp B interval. The third well on the pad, Neal 341H, has been drilled in the Wolfcamp A interval and will be completed in July".

      • Must be the upgrade

        Sentiment: Strong Buy

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