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Callon Petroleum Company (CPE)

NYSE - NYSE Delayed Price. Currency in USD
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57.78-0.92 (-1.57%)
At close: 04:00PM EST
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  • A
    Alex
  • M
    Meigs
    Morgan Stanley just down graded Brent from $95 to $82, then added this comment: "This week’s OPEC+ meeting may pause the monthly 400,000-bpd increase in production because the alliance has neither the capacity to do so, nor a reason to exacerbate an oversupply, Morgan Stanley added."

    Most of us on this board are probably expecting this move by OPEC. EIA predicted an over supply by 1st Quarter 2022. Why would OPEC contribute to the surplus?
    Bullish
  • h
    herman
    I don't know what opec will do, but i do know they can not be happy with 70$ oil price.

    I don't know if they need 100, but they definitely need more than 70
  • H
    Hi
    (Reuters) - OPEC is moving two technical meetings to later this week in order to give committees more time to evaluate the impact of the new Omicron coronavirus variant, Bloomberg News reported on Sunday, citing delegates from some member countries.

    The Organization of Petroleum Exporting Countries (OPEC) is moving its joint technical committee meeting to Wednesday, Bloomberg reported. The joint ministerial monitoring committee, which comprises representatives of the broader oil producing OPEC+ group, will meet on Thursday, it added.
  • T
    TALES
    Tinfoil hats and 😷 masks should be good for the OPEC+ delay in production increase... https://oilprice.com/Latest-Energy-News/World-News/US-Ready-To-Release-Even-More-Crude-From-SPR.html
  • M
    M
    Still a buying opportunity. Bidens 50 mil barrels is a drop in the bucket. On an average day America consums 18.5 million barrels a day! Basically 2-1/2 days, however this past weekend 50 million Americans hopped in there car and went to Grandma's! So 2-1/2 days got burned up easily. Not to mention all the Jet fuel that was consumed in just 4 days!! Who paid for the oil in the reserves and who is gonna pay to replenish it?? The big question is, How can a president mianuplate a sector and NOT get in trouble with the SEC? It feels illegal! Any lawyers out there?
  • G
    Gladiator
    Brent crude prices will reach $125 per barrel next year and $150 in 2023, as OPEC+ producers won’t be able to crank up production, J.P. Morgan analysts predict.
    Bullish
  • M
    Michael
    Waking up to literally the Headlines all across the news. "Stock futures Oil down on CoronaVirus variant FEARS. They use FEARS again. 2 years in. Look I have to say this and this is my say for the day. I can not disclose my exact location, but I work in an industry now that is considered the Number One attraction in the United States. We Are Tired. We are open 24/7. We continue to pack the house and traffic is still hard and jammed. The other day on a day off it took 45 minutes (pre COVID normal) to drive 4 exits on the expressway. The restaurants still need reservations. Next week my girlfriends favorite? Booked solid. Still. 2 Years. It comes to a point, This needs to STOP. If there is a "variant" contagious but mild, then it is another illness to TAKE YOUR PRECAUTIONS ON. There is no "stay at home stocks " anymore. To even think of this a new "industry" is ludicrous. I am on the message boards of a few of them to read including a few Medical stocks and they are LONG CORONA VIRUS. They are actually hoping for more illness. This country is not my USA from the 1980s and 1990s. We are really two countries. There cant be a death on the news without two sides defending even the attacker based on political views. Some of you are too young to remember but you want to see our country for what it was? Forget 9/11. Go back to 1990/1991. Watch ANY broadcast of the Gulf War and related stories of the home front and then watch Whitney Houston perform at the 1991 Super Bowl. Ok that is my say for the day.
  • D
    Dennis Paul
    Well we built more support in the 50's. Going to be very volatile trading the next few weeks or months leading through winter. I feel like the dems are using this variant to cover for their failures in covid. The only thing they did was mandate Trumpers accomplishments. We have to live with covid. A wise man once said. " We must not make the cure worse than the disease." Dems have shut down schools, drove crime to GTA levels and divided our country. Please stop voting party lines.
  • B
    Brenden
    High volume, high volatility, high short float, high SI. Shaping out to be a solid afternoon boys!
    Bullish
  • l
    laz
    Omicron is super mild compared to delta, according to the WHO, no restrictions are necessary at all, and it may wipe out Delta, which is basically a blessing. I'm buying, market us overreacting again.
    Bullish
  • B
    Brenden
    The bigger the dip the bigger the spike. I'm still very optimistic about Callon hitting 100$ by end of year
    Bullish
  • M
    Meigs
    From IBD this morning: "Some analysts say that oil markets have so far overreacted to what is so far known about the omicron variant. Phil Flynn, an analyst at the Price Futures Group, said that OPEC+ is delaying its technical meeting to see how "things level off," in terms of market response. At JP Morgan (JPM), analysts said oil could hit $150 per barrel if OPEC+ doesn't boost production."
    Bullish
  • H
    Hi
    SINGAPORE/LONDON (Reuters) -Oil prices tumbled more than 3% on Tuesday after Moderna's CEO cast doubt on the efficacy of COVID-19 vaccines against the Omicron coronavirus variant, spooking financial markets and adding to worries about oil demand.
    The head of drugmaker Moderna told the Financial Times that COVID-19 vaccines are unlikely to be as effective against the Omicron variant of the coronavirus as they have been against the Delta variant.
  • M
    Meigs
    Article off Yahoo Finance. This is the last few paragraphs: Goldman Sachs Group Inc. said in a note that Friday’s move priced in a 4 million-barrel hit to demand over the next three months, nowhere close to the first lockdown, but more than enough to throw the market back into disarray. In any case, the Wall Street bank said that was excessive.

    For many the crash is a buying opportunity because they expect prices to recover quickly when the U.S. market returns fully after the holiday and volumes return to normal. The longer-term outlook remains robust.

    “This is a huge overreaction in terms of the market,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd., said in a Bloomberg Television interview. “This is the market pricing in the worst possible scenarios.”
    Bullish
  • G
    Gladiator
    December is usually 2nd best month for the market. Big rally coming
    Bullish
  • M
    Mr Clean
    $LPI conversation
    I’ll bet Gladiator sold yesterday $LPI $MRO $CPE $JWN
  • T
    Tim Ryan
    Market in wait and see mode. Money going into “safe havens” like Amazon and Apple as they’ve done at other times of pandemic.
  • D
    Dennis
    Of course, for banks like Goldman, what happens next is clear: once the humans return, there will be an epic buying frenzy as today's drop was at least twice as big as it should have been. Others agree: even if the Omicron variant is as scary as described - and that is by no means decided - they expect prices to recover quickly when the U.S. market returns fully after the holiday and volumes return to normal. The longer-term outlook remains robust.
    “This is a huge overreaction in terms of the market,” Amrita Sen, chief oil analyst at consultant Energy Aspects Ltd., said in a Bloomberg Television interview. “This is the market pricing in the worst possible scenarios.”
    Of course, it would be most ironic if in a week or two, once the Omicron panic has subsided, oil trades well above Wednesday's closing price and is approaching triple digits. In fact, the wheels on such an outcome are already in motion and as Bloomberg confirms our earlier speculation, OPEC+ is "increasingly inclined to ditch their plan to raise output next week", as a new virus variant triggered oil’s worst crash in over a year.
  • G
    Gladiator
    Patiently waiting for EIA report, OPEC meeting and November job report. I really do not see why some rookies on this board have no patience and want to get rich quick. And end up selling at bottom and losing a ton
  • M
    Meigs
    Latest news on new Variant...MILD..."The first South African doctor to alert the authorities about patients with the omicron variant has told The Telegraph that the symptoms of the new variant are unusual but mild.
    Dr Angelique Coetzee said she was first alerted to the possibility of a new variant when patients in her busy private practice in the capital Pretoria started to come in earlier this month with Covid-19 symptoms that did not make immediate sense.
    They included young people of different backgrounds and ethnicities with intense fatigue and a six-year-old child with a very high pulse rate, she said. None suffered from a loss of taste or smell.
    “Their symptoms were so different and so mild from those I had treated before,” said Dr Coetzee, a GP for 33 years who chairs the South African Medical Association alongside running her practice.
    On November 18, when four family members all tested positive for Covid-19 with complete exhaustion, she informed the country’s vaccine advisory committee.

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    She said, in total, about two dozen of her patients have tested positive for Covid-19 with symptoms of the new variant. They were mostly healthy men who turned up “feeling so tired”. About half of them were unvaccinated."
    Bullish
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