Callon Petroleum (CPE)

[Rizsman]

it has to go way up in order for me to see a prophet, hopefully this is a start.

[Taurus69]

$cpe $7.1 ^ 1.71 (31.73%)
Volume: 7,588,238 @11/09/20 7:59:59 PM EST

[whytestocks]

Breaking News: $CPE Callon Petroleum Company Announces Upsized Debt Exchange

Callon Petroleum Company Announces Upsized Debt Exchange PR Newswire HOUSTON, Nov. 9, 2020 HOUSTON , Nov. 9, 2020 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") today announced that the counterparties to the privately ne...

Read the whole news CPE - Callon Petroleum Company Announces Upsized Debt Exchange

[tomco]

great earnings should fly today

[Taurus69]

$cpe $5.22 ^ 0.13 (2.55%)
Volume: 1,774,853 @10/30/20 5:44:12 PM EDT

[Taurus69]

$cpe $5.08 v -0.22 (-4.15%)
Volume: 1,953,523 @10/26/20 5:18:51 PM EDT

[Rizsman]

oil has to go up, shouldn't it?

[diablose94]

Gap at 5.24 needs to fill.

[I-Man]

CFRA REITERATES SELL RECOMMENDATION ON SHARES OF CALLON PETROLEUM

[Taurus69]

$cpe $4.97 ^ 0.16 (3.33%)
Volume: 3,256,053 @10/02/20 7:58:10 PM EDT

[PiecesOvEight]

Really active level 2... especially on the bid side

[Atlanta1]

this is certainly vexing.

showing a little bounce currently, hoping for much more.

[PiecesOvEight]

Should we be loading right now???

4.85

[PiecesOvEight]

And a massively bearish crash back down????

where's the bounce?

[Atlanta1]

massively bullish. the only thing better would be a full buyout or $100 oil:

08:47
CPE
Callon Petroleum indicated higher after announcing $170 million in asset monetizations and $300 million issuance of secured second lien notes (4.82)
The Company has completed the fall borrowing base redetermination for its senior secured credit facility resulting in a reaffirmation of Callon's borrowing base at $1.7 billion. The borrowing base and elected commitment were subsequently reduced to $1.6 billion in consideration of the ORRI sale and total 2nd Lien Notes capacity.
Highlights of the combined transactions: Total gross cash proceeds of approximately $465 million after original issue discount; Estimated pro forma liquidity of $600 million after transaction expenses, with the next regularly scheduled borrowing base redetermination in spring 2021; Flexibility to issue up to a total of $700 million of 2nd Lien Notes under the indenture, including, $300 million notes issued to Kimmeridge, $300 million reserved for potential exchanges of unsecured notes and up to an additional $100 million that may be issued to Kimmeridge under certain conditions and at its election; Significant financial position improvements from the monetization of approximately 3.5% of current daily production with a resulting average net revenue interest (8/8ths basis) of over 74% for both our existing producing wells, as well as our undeveloped location inventory.

[ronsthc]

pre market run.
whats up

[Taurus69]

$cpe $5.0 v -0.16 (-3.10%)
Volume: 2,597,305 @09/29/20 7:58:04 PM EDT

[I-Man]

I agree TuMaRu, and your posts is not political- but global business facts and situations everyone needs to realize.

Just talked to Texas oil family other night and they are equally upset seeing how media is not reporting properly even the situation Trump was able to do with 3 Arab countries and Israel.

And as far as China, I have been against NAFTA from the start when I lived in former Industrialized NW PA back then, and later when I was in Asheville,NC 6 yrs in that consulting biz, I knew a man who built Sam Walton's original stores in USA for years- and he and I talked how the Walton's kids turned on their own Dad basically, and became the largest single importer for China of garbage goods into USA- and I blame a lot on those damn kids and their excessive greedy eyes that allowed much of this unbalance to occur...

[dloggold]

Fred is rolling in his grave.
Thank god he died before this

[TuMaRu]

I-man, don't want this to become a political discussion but it does seem necessary to square with the ongoing developments in the world esp. as the biased US media absolutely does NOT report any of it.

1. As you may know, Eqypt, Jordan, Israel, Greece, Cyprus and couple other countries signed a pact recently to explore oil/gas in Eastern mediterranean leaving out Turkey due to its aggressive posture and trying to pit key allies against each other.

2. UAE-Bahrain-Israel economic cooperation deal is quite a big deal but hasn't found other regional supporters yet (notably KSA is still pushing its luck thinking it can win the current oil price war)

3. Then there's the new nexus of evil starts with Turkey, thru Iran, Pak, China ending in NK. All are risking their futures betting against US and NATO while aligning with China. End result if it becomes an extreme conflict (fully expected by Western powers) is the breakup of China into 4-5 pieces -- Western china where millions of Uighurs imprisoned, separate Tibet, and full country status to Taiwan/HK thats been denied so far.

4. Lastly, recognizing and presaging all of this, US and Japan have pushed for their Quad Group (US, Japan, Australia, India) agenda which was initially planned in 2007, revisited in 2017 and now firming up mainly due to how China unleashed this horror on the whole world. As of now, they're conducting joint drills in the SE asia theater and broader Indian ocean.

Yes, as a country US also has many transgressions to its record in last 75-100 years but when contrasted with how horrible China is when it comes to suppressing its own people, no comparison at all. The revolt bubbling just under its surface will eventually tear China apart, smashing all aspirations of global domination.

Take it for what its worth but the next 5-10 years could be very tumultuous to say the least.

[I-Man]

Maybe somebody ought to bomb Lybia then? I saw TD running adds yesterday saying "potential" for Lybia to turn up the oil causing US oil prices to fall so deeply...???

[LUCKY LUCCIANO]

Thanks you for the clarification TuMaRu

[Rizsman]

Thank you that makes the most since. looks like a long hold for this stock.

[TuMaRu]

There's an ongoing concerted attempt by Saudis, OPEC and Russians to wipe out US shale industry, starting way back in 2014. For Russia, its payback for the embargoes enacted by Godumba Nodrama after Ukraine incursion. For OPEC, its basically trying to dominate world oil like they did in the 70s -- except now there's so much oil and so many producers in several countries that they have to resort to slashing prices, opposite of what they did in 1973 and 1979. The whole mid-east is a sinister bunch, a complete wasteland and if it wasn't for their oil, would be in the dark ages even now, ignored by most of the world.

Anyhow, oil is not going up for at least 6-9 months due to supply imbalance. Unless airports, countries open up and planes start flying, its going to be a long haul. By that time, most US shale players will have bitten the dust. Its also problematic for KSA because the political and social turmoil will be even more costly for their puppet regimes. But they're a worthless banana tinpot so who cares if house of Saud is toppled.

[Rizsman]

WOW, JUST WOW. when will it hit bottom?
Maybe after covid is over it will look better. just hope CPE doesn't go bankrupt in the mean time.

[Taurus69]

$cpe $6.86 v -0.03 (-0.44%)
Volume: 1,321,331 @08/27/20 11:53:58 AM EDT

[TuMaRu]

Watch for a resounding, convincing and possibly even landslide Trump victory in Nov. The country will lay the blame for delaying Stimulus 2 checks, expedited trials/vaccines, and all the BLM/antifa malaise of trashing entire cities and govt. property SQUARELY on the shoulders of these idiot socialist demagogues.

They're free to go trash other banana republics like HOnduras, Paraguay, Belarus, or whatever but not here. People are sick and tired of everything thats going on.

[catdaddyrt]

I agree Patriots are ready

[catdaddyrt]

Funny you should say JFK hold that thought ......................

[I-Man]

So sad too. Trump can find real cure for all cancers, they would bash him not ground. That is how childish and sickening the Democrat Party of today has become...

[TuMaRu]

Trump today announced an FDA Emergency Use Authorization for treating Covid patients with convalescent plasma -- blood donated by those that recovered from Covid. Data from MIT, Harvard, Mayo Clinic, all verified by FDA and BARDA suggests that recovery rate is 35% if patients get this treatment early in the disease. Its indeed a BIG DEAL, as FDA boss Hahn said. Apparently in-fighting and deep state political operatives at FDA were trying to prevent the use of this treatment, and trying to block the EUA.

As expected, commie “experts” at CNN and MSNBC instantly jumped on it trashing the EUA, saying its not a verified treatment, where’s the data, etc. etc. All these doctors including that punk Snajay Gupta over at CNN are from India ... who let them into the country and why?? How come all of a sudden we've got 1000s Indian doctors working as advisors and experts to our govt.? Most of them are in cahoots with the Gates-Soros cabal you can bet. And they don't have the best interests of American citizens at heart.

Tell you what, India and China are out to bring down the US at all costs. Thats their ultimate agenda, they'll do anything and everything to succeed so they can finally take over the US. We've got to fight back and reclaim our country from these socialist hordes that have invaded us over the last 20 years.

[I-Man]

Nostradamus can eat off my left testicle fools...

CPE stock going way of KODK stock after that reverse split though...

[TuMaRu]

Very true, agreed. Situation in US is quite similar to Germany in the early part of last century with the WWI repatriations hanging like a sword over them. We all know how it ended and what a waste the first 50 years were for the entire planet.

We're also in the middle of 30-year war as predicted by Nostradamus, another 8-9 more years to go. Its also been forecast (if you believe in the stars and all that) that capitalism will fail in the next 4-5 years, circa 2025, just like communism did back in the 1990s. FWIW.

[I-Man]

Umad get off the drugs man....

Besides what you say, I can assure you, there are millions of Legal US citizens right now, fully armed, willing to take a final stand if it comes to that... I said MANY million bro....

[I-Man]

Umad, JFK was LAST great Democrat- period. Bet you weren't even born then. Trump has done more than any other since JFK FOR THIS COUNTRY, but 24/7 for 3 11/2 years nonstop Liberal attacks on him and his family. Imagine if even .01% of that happened to Obama !!!

Imagine if Pelosi & gang really gave a damn about the People and worked with Trump al along, how much more could be achieved?? They spew so much hatred, no wonder young kids today have no respect out there for anyone... They see examples in Congress daily.

[U mad bro]

EXACTLY

The merger of business and government is FASCISM. Exactly what is being done now. BOTH Republicans and Democrats shut down this entire economy over NOTHING. Now Trump trying to distance himself and they're trying to make it a left right thing LOL

Trump taking major part in this whole Corona event psyop. When this is all said and done you will only have the Corporate Cartel Fascist monopolies left like Walmart, Amazon, Target, Cosco, Boeing, Airlines, etc. EVERYTHING getting Nationalized. TRUMP IS NOT A CONSERVATIVE.. Biden and Harris are an even bigger joke and only there to give the fake election to Trump..

All the psyops run in Seattle, etc with the "liberal mayors" was done intentionally to justify the coming fascism

[U mad bro]

County is going into right wing fascism. Its already Socialist. I take no joy in telling you Trump is not your friend and is not looking out for the good of the country. BOTH sides working together, they are just using socialist communism to facilitate the coming fascism. Exactly as was done in Germany. Trump and Pelosi on same team and working together..

Oh, and Trump will def be put back in office again.. he is the chosen one.. they always take your rights with a fake conservative..Can you imagine them pulling off this corona event with Hillary ?? LOL no chance for this type of success as we'd be already in a civil war.. but the zombie Trump supporters go along with all of this insanity because daddy Trump says its ok. JFK was the last patriotic President this country had

[I-Man]

And add construction related equipment generators, and massive emergency backup diesel generators for all hospitals, labs, military installations, govt buildings, and such as well that require "Oil/Gas"

[TuMaRu]

Yes, I read that somewhere. Somalia which has been having civil war strife for decades wants to open up the oil industry to foreign investment again, provided Shell and Exxon agree to dust off their PSAs (Production Service agreements), deploy capital / personnel and startup operations there again. Same with Egypt. Many countries off W. Africa - and there's quite a few Ghana, Angola, E. Guinea, Namibia, etc. -- are opening up exploration blocks. Israel wants to ensure energy security thru its giant gas field. Qatar has been investing in the old but not yet depleted Bul Haneen field. And just today, Petrobras started E&P at the biggest field off Brazil. Also lets not forget the Saudi Aramco IPO in 2019, they paying and plan to pay dividends for a while ... where will that money come from?

So if all this is going on globally, not to mention Russia-Caspian region and the never-decreasing demand in Asia, then whats with the doom and gloom scenarios painted by leftist anti-US media here in our country?? What fine print are we missing? Here are facts -- of 800 Mil vehicles in the US alone, less than 1% EV/hybrid which means at least 750 Mil are gasoline powered. Double that # for ROW (Rest-of-World), say 1.5 billion vehicles consuming gas. Now add all airliners, ships, diesel motors, machinery (golf carts?!) ... you get the picture. How can oil industry be dismantled given the breadth and scope of consumption, no matter what the commies say?? The "replacement costs" are incalculable, petroleum derivative products irreplaceable, and it will take half a century or more even if the whole world pushed for it ...

[I-Man]

As far as oil comps, Chevron and Exxon both are returning to former deals put on hold due to instability in region for years from war...

BTW, looks like this Reverse Split is proving to be like all the rest out there sadly...

[I-Man]

Trident the Govt has always been doing that for many years. Nothing to do with Trump as current Prez....

Only certain junk bonds, not everyone out there.

[TuMaRu]

Yes but only if the companies are 100% solvent, agree to fork over upto 30% equity to the govt. and if their bonds are highly rated by the agencies. So far they have NOT (to my knowledge) taken stakes in any oil and gas companies .... but could be wrong.

Nor has DJT supported the industry despite all the bluster and empty talk. He's all tied up by his handlers too, can't do much.

[Trident70]

You do realize the feds are buys equities and corporate bonds
Cant get more left than that
Welcome Trumpsters to Communism

[I-Man]

Yep, the Left is about controlling citizens in a Castro-Kinda way or worse...

[catdaddyrt]

I agree 100% we could be headed into a civil war but that bodes well for the Red team as we have all the weapons and the tactical brains.
Myself & baby boomers that I know are willing to make a stand for this Country at any cost.We became energy independent thanks to Trump why does that infuriate the left?

[I-Man]

I will watch. Just historical hate across this land (for Trump), especially from a very young adult population who was indoctrinated with Liberal Ideologies their entire school life in the public education system the last 30-40 yrs.. NEVER anything like that before. Powerful entities today willing to sacrifice USA at all costs just to get a Biden/Harris "puppet toy" into Federal office- but then, you all better have your ammo bought long before and own guns because it will get real ugly fAST ACROSS THIS Country... GOOD & EVIL BATTLE GOING ON RIGHT NOW...

[catdaddyrt]

Exactly, Callon will survive but its coming down way down before the end of the year imo I think it would be smart to enter right after Trump is reelected.

[shanon1]

That’s the big short executed by the big monie on the brink of the big plandemic with subsequent collapse of fuel demand, global reversal happening now, enjoy the show, btw, why are you here if this is such a loser?

[I-Man]

Look up fellow named "Saving Grace" over at CLF, He will send you some interesting stuff. Tell him you know of me.. Good luck all...

[I-Man]

YEPPERS