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Callon Petroleum Company (CPE)

NYSE - NYSE Delayed Price. Currency in USD
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52.32-0.91 (-1.71%)
At close: 4:00PM EDT
52.90 +0.58 (+1.11%)
After hours: 07:58PM EDT
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  • B
    BusterBrown
    If a comment on this board rings of desperation to influence you; It is just that. They come in all colors; from subtle to extreme. If someone on here is truly seeking understanding of this stock, start with researching finance vocabulary on Investopedia, and learn how to discern a 10k. Helps to be educated in onshore oil production business, and price sensitivities.
    As many have noted here, CPE produces profitably as low as $34/bbl, which alone ranks in the top 3-5 onshore players. That is one of the biggest factors driving my confidence in CPE as a business longterm.
    Bullish
  • C
    CD
    Cowen analyst Gabe Daoud Jr. raised the price target on Callon Petroleum (NYSE: CPE) to $66.00 (from $53.25) while maintaining a Market Perform rating.
  • J
    JJ
    We are now approaching cruising altitude. Apologies for the turbulence on the way up. We may have a few small bumps but from next week we are expecting a smooth ride until March 2022. Thank you for flying small cap oil airways.
    Bullish
  • r
    repo77
    Everyone is acting surprised this happens every options ending I’m long so it doesn’t affect me I’m long I know where it will go. You all could have looked where they were keeping the price at, I even posted the price range they were holding it for you to add additional shares at options bottom. Relax it will go back up even my prediction and gratefuls of 82.50 oil was early bullish sign makes me think we will hit 85 oil 2 weeks earlier than I’m thinking .a lot of the complaints coming from those that shorted last week expecting to buy back in and immediately expect shre increases before options ending. Stay frosty fellow longs and add on the dips this will be an amazing Christmas
    Bullish
  • J
    J
    all oil stocks stayed flat today, I think we may have some movement next week.. Truck is fully loaded and ready to go. Who's ready for a ride????
  • D
    Danny
    Such manipulation, a five year old could see it. SEC where are you? You can look at level 2 and clearly see the price being driven down every time it gets a little steam. These puny 100 share orders 5 to 10 cents less than the previous ask price, over and over. SEC where are you?
    Bullish
  • M
    Miguel
    if in 2018 with a revenue of 500M this was a 3 digit stock, I'm wondering how high this can go when people realise we expect a revenue between 1.3-1.7B for 2021, from this quarter on, we can only expect profits.
    Bullish
  • G
    Grateful
    API reported crude supplies rose by 5.2 million barrels for the week ended Oct. 8. API also showed inventory declines of 4.6 million barrels for gasoline and 2.7 million barrels for distillates. Crude stocks at the Cushing, Okla., storage hub, meanwhile, edged down by 2.3 million barrels for the week, sources said. Inventory data from the Energy Information Administration will be released Thursday. On average, the EIA is expected to show crude inventories down by 500,000 barrels, according to a survey of analysts conducted by S&P Global Platts. The survey also calls for supply declines of 400,000 barrels for gasoline and 800,000 barrels for distillates.
    It's a wash.
    $CDEV $RIG $LPI
  • r
    repo77
    What happened since last weeks high of 61.32? Did the company go bankrupt. No. is it going to? No. Did fundamentals change. No. Oil at over 80. Oil Wells production better than expected and at lower cost. Hmm sounds profitable they sure don’t disappoint at earnings time. Hmm wonder why??? O yeah this happens every month at option, price artificially lowered and shorted so big hedge groups can get in why do you think price action is holding pretty steady at 52.71 to 53.71
  • j
    jason
    $REI conversation
    Yeah we would think that the stock should be much higher today with oil up, and Roths upgrade....but what we are seeing is the establishment of a new base price level. And with that I am good. $REI $CPE $LPI
  • A
    Anonymous
    Shaking hard! The MM and hedgies are the big boys and we are the lemmings. Would not surprise to see high 40's for a few minutes. If you do, buy the hell out of it. Remember, Kimmeridge bought several hundred thousand shares in the mid to high 20's about a month ago. They are playing for big dollars on total return, not just a double. When one goes back to review the 5 year chart price, Carrizo was only part of it from 12/19. At that point, Wall Street had cut the shale companies off from financing. Consolidation within the industry had to take place. Next, the black swan event of C19 and negative oil pricing. HUGE write downs of assets to current pricing. Now, CPE has been making $$ with some of the cheapest lifting costs within the industry and apparently have put together a pretty good drilling pad model for their locations. They just pre-announced higher than expected production in Q3, will be shedding additional assets in Q4, and the Primexx production will be coming online. So in Q4, CPE is a combination of 3 companies with 2 based in the Permian and 1 in the Eagle Ford. With oil pricing in the high 70's and a their proforma at $50-$60 barrel for the projected EBITA along with higher natgas prices, we could be running on all cylinders by Q1. They will be less hedged than current percentages and the price will much improved. Nat Gas is almost double but do not know how 2022 % hedged and at what price. I know we start at a higher price then revert to a lower number for the next few quarters for certain production quotas. This will shake out in the total percentage hedged as non hedged could be a great bottom line assist. So, if the higher commodity prices stay in effect for 2022, greater debt can be paid down, some additional capex spending will take place, and maybe, just maybe there will be a big payoff down the road. We increased the total shares but shed 2nd lien notes and interest payments, bought 18,000 barrels of daily production, got additional acreage in the surrounding plays in the Permian, picked up some water line assets, and spinning off acreage that does not fit their future agenda. The majors are going to be capex constrained due to Global Warming and the BOD's under attach from weather extremist, leaving the production growth to smaller companies such as Callon. If they can consolidate, get their production to around 125k-140k barrels daily, this could be literally a grand slam for all. Not going straight up but over time if execution and pricing are there, will be a great payout to all. Good luck to all LONGS!!
    Bullish
  • A
    Anonymous
    Well the MM's & Big Boys are keeping the price under 55 until Option Expiration concludes. They received the premium and wanted to keep the stock as well. Big play on the January 65's this week with over 6,000 options executed. Either they want the premium or they can make a better return on their money with the price higher than 65. I hope it's the latter as when the stock was in the 30's I bought 10 each of Jan 36 & 43. I hope this stock is up substantially as the acquisition cash flow kicks in along with less hedges in place on oil and gas. Good luck to all longs as i have been here since April 2020.
  • T
    Tom
    $LPI conversation
    Crude up AH despite so so API report, and NG ripping again today. It looks like many commodities (O & Gs, PMs) are breaking out or near a breakout. PM & mining stocks up solidly today during a risk on day- I haven't seen that in a while. Since Crude broke over 80 on Friday, it's retested and bounced around the 79/80 level 6 or so times. Too early to call it support, but I can smell the combustive burning of oil and gas and smelting of valuable metals as the value of the US dollar embers away in smoke. Smells like inflation to me. $CPE $LPI $SBOW $BP $WTI $VET $PBR $BCEI $DVN $KGC $FSM $BTG
    Bullish
  • B
    Brenden
    Artificial drop. Bulls are laughing at you. 25% Short float on 43M shares outstanding with last 5 and soon to be 6 earnings reports beat, aqquired carizzo last year and while several other OIL companies dilluted shares up to 80-90% Callon only did a small split that was followed by a 999% YoY Gain. You'd have to be dangerously undereducated to be bearish or bash this stock.
    Bullish
  • b
    bullseye
    OILPRICE Front Headline! “U.S. Oil Stocks Are Seriously Undervalued Right Now”

    yahoo deletes everything Jesus… It’s like I can’t even comment. Wow.
    Bullish
  • G
    Grateful
    The last time WTI was this high, the shares of oil producing companies were twice what they are now. Sounds like they haven't gotten the memo that oil is alive and well. 30 years from now, who knows.
    Bloomberg: Trillion-Dollar ESG Boom Is Punishing Old-School Energy Stocks
    Cecile Gutscher and Thyagaraju Adinarayan: Wed, October 13, 2021, 9:00 AM

    (Bloomberg) -- The commodity rally may be the talk of Wall Street, but old-school energy producers are still lagging the oil price big time -- a tell-tale sign the era of green investing is in full swing.

    Most Read from Bloomberg

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    U.S. oil and gas companies are trading at less than half 2014 levels -- the last time West Texas Intermediate crude topped $80 a barrel -- while European energy equities are similarly underperforming. A key difference this time round: Trillions of investing dollars are now wedded to environmental, social, and governance rules that prohibit exposures to dirty energy.

    All that is capping gains in the exploration and production sector this year, even as oil rides multiyear highs, the energy crunch spreads and demand rises for raw materials in the great economic reopening.

    “Energy equities are nowhere close to where they were in 2014 when crude oil prices were at current levels,” Michael Shaoul, Chairman and Chief Executive Officer of Marketfield Asset Management, said in an interview with Bloomberg TV Tuesday. “There are a couple very good reasons for that. One is it’s been a terrible place to be for a decade. And the other reason is the ESG pressures that a lot of institutional managers are on lead them to want to underplay investment in a lot of these areas.”

    With around half of the world’s oil supply sourced from public companies, rising ESG pressure on the global energy industry “is constraining investment in oil and gas,” according to Morgan Stanley analysts led by Devin McDermott.
  • J
    JJ
    CPE average p/e over the years is 14. We are on track for eps of 8.5 this year and 14 next year. Get your abacus out and start smiling.
    Bullish
  • T
    TinCanSailor22
    Laredo Petroleum, Inc.
    A late day push up during the last moments of option expirations would show serious strength for next week & going forward. Would surprise me if it did though. $LPI $CPE
    Bullish
  • r
    repo77
    Oil prices rise, as Saudis dismiss supply concerns as demand grows
    By David Gaffen

    3 minute read
    A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo
    A gas pump at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo

    Summary

    IEA raises oil demand growth forecast for 2021 and 2022
    Saudi Arabia dismisses calls for additional OPEC+ supplies
    EIA shows U.S. crude stocks up, fuel stocks down last week
    U.S. 2021 crude production edges up in latest week
    NEW YORK, Oct 14 (Reuters) - Oil prices rose 1% on Thursday after top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply and the International Energy Agency said surging natural gas prices could boost demand for oil among power generators.

    Reporting by David Gaffen Editing by David Gregorio and Kirsten Donovan
    You
  • H
    Harry Ballz
    $CDEV conversation
    I think it's fairly obvious to anyone who has the slightest bit of chart reading ability that we are in the process of forming multiple tops, very similar to the way we did last June and July. And it's occuring at almost the exact same price level. This pattern is shared by most other oils $CPE, $LPI, $MTDR with only the latter having made a higher high for the move. But all are breaking down and ignoring the higher price of oil. What does this mean? It means that oil stocks are forecasting a top in oil and leading the way down. Will oil follow? I don't know but it is very high and running into more and more resistance every day. And every rally in oil is being used by stock traders to sell their shares of oil companies. I think we will probably see a pullback in stocks to a support level with oil following. This will be followed by a bottoming out in December where oil stocks will begin to lead the way back up and out perform oil again. Of course I could be wrong and oil could go straight to 100 per barrel but if oil stocks don't follow, what's the point anyway?
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