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Callon Petroleum Company (CPE)
NYSE - NYSE Delayed Price. Currency in USD
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At close: 4:00PM EDT
31,365 reactions on $CPE conversation
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3.4MILLION SHORT SHARES RETURNED 1pm
Two weeks before one of the potentially best quarterly earnings reports in company history and you guys are selling all your shares because oil splipped to $81. Do you hear yourself. $81 lol i bought CPE when oil was in the 30's and CPE was still positive cash flow. Remember CPE bought Carizo when oil was around $60. That investment with oil at $80 all of a sudden seems like a real good deal right. Well it will look real good in the accounting books as well. Majors are switching to solar and wind, CAPEX down across the board for exploration or new wells, US anti oil policy limiting new drilling programs, US Canceling pipelines from Canada, Iran and Venezuala still sanctioned with no end in sight, etc, etc, etc. The US is literally printing 250 billion a month flooding the economy with cash. You couldn't make a better plan to limit supply in the next 5 years while simultaneously lifting demand if you tried. Literaly, i dont know how i could. Existing upstream producers with large reserves are going to be cash printing machines over the next decade.
(Bloomberg Oct 22) -- Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel.
3million 400k short shares Barrowed this morning was returned at 3pm
Main reason I don't daily trade is becuase I am not good at the guessing game. On the other hand, if a company's fundamentals are good and there are positive catalists ahead I then invest. I really don't foresee anything in the near future( at least until April) that tells me not to be bullish here...that is why I am holding and will continue to hold. Trust me, I am 800% up already, if I were bearish I would have been gone already. See you at 75-80 by EOY.
Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research.
Damien Courvalin, who is also a senior commodity strategist, said the market fundamentals warrant higher prices and that the bank’s forecast for Brent crude is $85 per barrel for the next several years.The fundamentals actually very much support the view of higher prices than we’ve seen, pretty much since 2014,” he said.
I would suggest everyone learn the term average down. You will thank me later come Christmas. Oil at 83ish 3.4 million shares borrowed and price of cpe not moving more than a narrow drop, every one wanting on the train better have their tickets.
I suggest you read this
Okay smart stock people, why the drop here again? Oil seems like the most obvious growth opportunity! At least short term!
"...India’s (oil) consumption (is) around 15–16% higher than the pre-covid levels..."
$OXY $CPE $RIG $OIH $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve)
decreased by 0.4 million barrels from the previous week. At 426.5 million barrels, U.S. crude oil
inventories are about 6% below the five year average for this time of year. Total motor gasoline
inventories decreased by 5.4 million barrels last week and are about 3% below the five year
average for this time of year. Finished gasoline inventories increased while blending components
inventories decreased last week. Distillate fuel inventories decreased by 3.9 million barrels last
week and are about 10% below the five year average for this time of year. Propane/propylene
inventories increased by 1.9 million barrels last week and are about 17% below the five year
average for this time of year. Total commercial petroleum inventories decreased by 9.8 million
barrels last week
What an incredible day. $PHUN, $CDEV, $DWAC, and $PBTS all doing well today with $CPE and $ALLO making nice comebacks in the final hour. I close out the week with enough profit to buy a second Florida beach condo. Maybe I'll rent it out to Gladiator and Papito. Have a great weekend all!
10/21/2021 Ellis Investment Partners LLC shares 44,617 $2.19M
10/21/2021 Virginia Retirement Systems ET AL shares 12,900 $0.63M
Oil at nearly $84 and were trading at less than half the daily average volume.
some analysts are calling for oil to rally even more as OPEC+ is likely to stick to its plan for gradual output increases while demand is expected to reach pre-pandemic levels.
Giovanni Staunovo of Swiss bank UBS said in a report he expected Brent to trade at $90 in December and March.
This will hit the west coast and upper mid west this weekend
Desepratley being held down with short interest climbing and premiums bleeding. Its just a waiting game for the bulls. Gladiadtor can talk to himself all he wants but it certainly doesn't change the fact
Weekly jobless claims just hit a new pandemic era low.
Strong EIA numbers
Solid API numbers
Earnings coming in the next two weeks or sooner.
Something could be happening that no one here knows about. Or, it may be manipulation. Or the energy sector has just had a big run and it needs a break to catch it's breath.
I think that there are a lot more gains to be had.
$MRO $CDEV $LPI $RIG
Any theories on why oil cratered today. I don’t see any major new delta headlines today
Crude very volatile over the last 2 months, mostly from manipulation and momentum. 3 month, 1 week, 5 day chart looks like its flirting with 90$. Furthermore Callon Petros highly Undervalued even with OIL at 40$. Patience.
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