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Callon Petroleum Company (CPE)
NYSE - Nasdaq Real Time Price. Currency in USD
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As of 04:00PM EDT. Market open.
40,227 reactions on $CPE conversation
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Can somebody shed some light on these numbers? If FreeCashFlow was 183 milion, and they spent less than 71 milions to pay down debt, why didn't total cash go up by the difference, instead it went down by 5 mils to only 4.2 mills?
"Callon generated an adjusted free cash flow of $183.3 million, up from $24.2 million a year ago.
As of Mar 31, 2022, the company’s total cash and cash equivalents amounted to $4.2 million, declining from $9.9 million at the fourth-quarter end. Long-term debt totaled $2,623.3 million, down from $2,694.1 million in the previous quarter."
More tech stock getting battered today. SNAP Inc down over 30% today and down from highs of over $80. Surely more money has to rotate back into these mid cap oil stocks soon. These are realy businesses that generate real money and cash, sooner or later the tech dweebs are going to have to accept that.
Market wants to hold us down but oil stocks want to go higher.
FED is letting the air out of the balloon. And it's just getting started.
Saw a gold mining company with a 2 multiple going into Monday. It went up 25% yesterday but that shows how PE ratios can go a lot lower than they are now.
i cant find any specific bad news about cpe today, what happened?
Oil Pushes Higher as Traders Weigh Tight Gasoline Market, Growth
West Texas Intermediate climbed toward $111 a barrel following four weekly gains, the longest such run since February. Gasoline and diesel prices have rallied to records ahead of the start of the US driving season, which begins in about a week. Money managers have also been boosting bullish crude bets.
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.
$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.
$55 end of week
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.
"EU oil embargo 'in days' as Ukraine isolation drives Russia closer to China
LVIV, Ukraine/BERLIN (Reuters) -The European Union will likely agree an embargo on Russian oil imports “within days”, according to its biggest member Germany, as Moscow said it saw its economic ties growing with China after being isolated by the West over its invasion of Ukraine."
By Oleksandr Kozhukhar, Hans-Edzard Busemann
LOL, not gonna happen in any meaningful way. Crude will go to $200 minimum.
$RIG $LPI $BORR
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 !!!
cpe should drop less consider it didnt go up that much yesterday compare to its low cap peer, but ok whatever.
Oil is up but SNAP taking all market down. What a joke.
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
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
Only CPE is red in the small cap oil sector. Go figure.
Shocked it closed under 50 this week. Market permitting next week should be a great week.
5/17/2022 Guggenheim Capital LLC shares 16,616 $0.98M +23.5%
Any forecast of how institutionals are voting on the 25th?
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