Callon Petroleum (CPE)

[DragonBear]

I can't see Libya and the others holding the deal with Saudi for any length of time.

Neither can I. Try to find data for the production quotas for each OPEC member. Doesn't seem to exist.

Venezuela, Libya, Nigeria, all will cheat more on the quotas. Russia likely to increase exports. The Saudis likely cutting prices for their oil to take more US market share, as US producers start to shut in their production. One wonders if the Saudis and Gulf states opened up a can of snakes.

CPE got downgraded today from Maxim Group - whoever the hell they are. Couple other stocks of interest have also been hit by the anal-ysts. The anal-ysts are trying to play catch up, and piling on.

Oil stocks getting pounded with oil prices +2.4 currently. Potential margin calls from the Friday plunge, forcing some of the Hedgies to sell today? Dec OE ought to be volatile.

My bets are on oil prices going to 55 or even 50. Wait for the Saudis, and OPEC to stuff the snakes back into the can.