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Callon Petroleum Company (CPE)

NYSE - Nasdaq Real Time Price. Currency in USD
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47.95+0.12 (+0.25%)
At close: 04:00PM EDT
48.00 +0.05 (+0.10%)
After hours: 07:28PM EDT
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  • T
    Tomas
    Americans Drive More Than Pre-Covid Despite Record Gas Prices
    Year to date in March, cumulative travel for 2022 rose by 5.6% to 753.7 billion vehicle miles of travel, and this is also slightly higher than the 753.1 billion vehicle miles in the first quarter of 2019. The past 12 months of travel data also shows higher mileage than the 12-month period that ended in March 2019.

    GasBuddy released its annual summer travel survey on Thursday, suggesting that the percentage of Americans planning on road trips this summer has increased over last year, indicating that crude oil demand destruction—at least from the transportation sector—isn’t on the horizon even at today’s high gasoline prices.
    Bullish
  • M
    Michael
    So which way are going to day then? Oil is up slightly so far at over $110. But it's a friday and opex day today.

    So many positive tailwinds for oil right now, surely we must be a due a decent jump up soon.
  • H
    Harry Ballz
    $CDEV merging with Colgate more than triples their number of rigs. I think shale oil companies have to merge and combine their strengths if they are to thrive when oil falls in price. Now is the time to do it while share prices are low.
  • C
    CD
    CDEV merging with Colgate shows the real value of Callon Petroleum !!!!
    CDEV plus Colgate deal is valued at $7 Billion: The combined company will have a total production of about 135,000 barrels of oil equivalent per day (boepd) and a $2.225B debt
    Callon Petroleum will have 103,000 BOEPD (64% oil) in average production during 2022 and a $2.6B debt
    And it's valued by the market at less than $3 Billion !!!
  • s
    smythwrd
    Why is Warren Buffett so interested in oil companies ? What does he see, that we are missing ?

    Warren Buffett’s Berkshire Hathaway bought additional shares in Occidental Petroleum Corporation (NYSE: OXY) this week, bringing its stake to 15.3% in a move that could be seen as Buffett aiming for 20% of Oxy or bidding to buy the oil firm.

    CPE is way undervalued here. CPE should be trade at par or higher than OXY
  • D
    Drew C.
    $LPI conversation
    Today's EIA report was incredibly bullish for oil. Overall oil drawdown of 8.4 million barrels in the latest reported week. SPR drawdown was a massive 5.0 million barrels (by far the biggest this year), yet even with that the commercial (non SPR) inventories went down a net 3.4 million barrels.

    SPR is now down 14.6% from one year ago.
    Commercial (non SPR) is down 13.4% from one year ago.
    Total US oil inventory (all of the above) is down 14.1% from one year ago.

    $LPI $ESTE $CDEV $SM $FANG $PXD $CPE
  • G
    Gladiator
    S&P back over 3850. Good news. Market will recover. We are at or very close to bottom. Do not panic. Opportunity to buy your favorite stocks at a huge discount.
    Bullish
  • M
    Michael
    How are others feeling on here, are we still bullish on oil generally?

    Unless we head into recession then personally I struggle to see how these midcap oil companies aren't destined to make some mega earnings.

    Driving season kicks off the end of the month, china is looking likely to re-open start of June, air travel is likely to pick up as more and more economies re-open fully and restrictions on travel get eased. These are all green lights for oil producers. CPE worries me with the request to increase the authorised share capital and the risk that management may go off on another massively costly and time consuming acquisition, like carrizo, which may just be a distraction to tidying up their own balance sheet and focusing on shareholder returns.
  • T
    Tomas
    INSTITUTIONAL BUYING
    Reporting Date
    5/17/2022 Guggenheim Capital LLC shares 16,616 $0.98M +23.5%
    Bullish
  • T
    Tomas
    Oil explodes in June! It's the same every year, thanks to the holidays there will be more consumption, planes, ships, cars, etc ... Thanks to covid19, people were forced to be locked up at home for 2 years :( and now everyone will make up for it as much as possible ...
    Bullish
  • D
    Dennis
    Wow. $10 drop in WTI in less than 2 days. When Target and Wal-Mart disappoint is doesn't correlate to a drop in peoples driving habits. Fuel demand is one of the last things that will change in a recession and it won't be a large enough drop to magically create surplus conditions. These markets have lost any sense of direction or fundamentals. Fear rules the day... At these oil prices, relative to SP small caps are primed for acquisition.
  • T
    Tomas
    EIA
    Actual -3.394M
    Forecast 1.383M
    Previous 8.487M

    $cpe $sm
    Bullish
  • s
    smythwrd
    Berkshire Hathaway buying oil companies. OIL is here to stay for a very long time !!!!!
  • T
    Tomas
    Today at 9:00 shorts returned 450,000 ... https://iborrowdesk.com/report/CPE
  • T
    Tomas
    IBorrowDesk
    iborrowdesk.com
    Bullish
  • D
    Dennis
    API

    Crude -2.445mm (+1.553mm exp)

    Cushing -3.071mm - biggest draw since Oct 2021

    Gasoline -5.102mm - biggest draw since Oct 2021

    Distillates +1.075mm

    Large draws for Crude and Gasoline stocks
  • T
    Tomas
    INSTITUTIONAL BUYING
    Reporting Date
    5/16/2022 Goldman Sachs Group Inc. Shares 324,341 $19.16M +12.2%
    5/16/2022 Captrust Financial Advisors Shares 3,251 $0.19M +102.1%
    Bullish
  • T
    Tomas
    INSTITUTIONAL BUYING
    Reporting Date
    5/16/2022 State Street Corp shares 3,532,124 $208.68M +19.3%
    Bullish
  • s
    smythwrd
    Plan on stockpiling gasoline for the summer, because if you think gasoline prices are high now, just wait and see what happens when China opens up on June 1.
  • B
    Bradley
    Shocked it closed under 50 this week. Market permitting next week should be a great week.
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