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let me re-phrase that..$5 is on the horizon..load and lock
Because of the 8k announce?
it's going $2++
CEP is hugely undervalued..tiny market cap as it sits.
$40 Billion coming.
Ready for breakout..could be a news leak..sale..something is cooking.
I picked up 21oo shares today.
mm's keeping a lid on CEP.
at any given time a 20k share
market order could blast this stock up 10-20%
instantly. bought another 2100 shares on merger
and blackhorse sale.. big buyers will be in it soon.
CEP is a unturned Gem. Look for $3 minimum short to mid term with tiny float and super tiny market cap.
Not intended for daytraders to screw this up.
disclosure: Buying with free cash
That's huge specially for the Jr. O&G Companies.
Future is bright!
The US Will Be The World's #1 Producer Of Oil Before 2020, And A Net Exporter By 2030
Remarkable.
http://read.bi/ZtyNoe
After reading the transcript it was noticeable that merger and or acquisition opportunities are on the minds of executives. Get her done.
Stephen said he may have something to improve Company's unit holders.
C'mon Mr. Brunner, give us our dividend back or do something earth shattering to make us whole.
All of us are underwater here brother.
Upgrade Alert:
Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX News Network) --
Callon Petroleum (NYSE:CPE) was upgraded from Neutral to Buy at SunTrust today.
The stock closed yesterday at $4.50 on volume of 533,000 shares, above average
daily volume of 230,000. There is potential upside of 103.7% for shares of Callon
Petroleum based on a current price of $4.50 and an average consensus analyst price
target of $9.17. The stock should find initial resistance at its 200-day moving
average (MA) of $5.59 and further resistance at its 50-day MA of $5.90.
Callon Petroleum Company acquires, develops, and explores oil and gas properties.
The Company's properties are concentrated offshore in the Gulf of Mexico and onshore
in Louisiana and Alabama.
In the past 52 weeks, Callon Petroleum share prices have been bracketed by
a low of $3.80 and a high of $7.95 and closed yesterday at $4.50, 18% above that
low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.15%
higher over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Callon Petroleum.
Please refer to our Company Overview for the results of our proprietary technical
indicators that have been scanning shares of Callon Petroleum in search of a potential
trend change.
Either way with the buyout or the Conversion to Oil, this is a no brainer. 16m share float and a low p/e and a renewed credit facility along with the sale of the Black Warrior Basin gives us lots to work with.
Are you looking for a buyout or the conversion of gas wells to oil.
zzzzzzzzzz........boring.........
11k @ $1.60..lets chomp through that first resistance on the way to $3.
Float of 16M shares only..good to see Insiders have a nested position
Cheers.
I'm looking for $3 to start and go from there. With only 16M share float this baby should get there nice slow and steady..yuup.
Yahoo also shows earnings per share at $0.92 while others are at $0.72c and trading slightly over P/E of 1!
Crazy!
Yahoo is showing $2.5 every site is different..
CEP has been showing support around 1.33 and resistance in the 1.55 price range. It is rated a buy with the 1.81 target price in six months.
http://www.stoxline.com/quote.php?symbol=cep
Added 5k to my position ))
CEP Looks to Move Higher
Constellation Energy Partners (CEP) is focused on the acquisition, development and production of oil and natural gas properties as well as related midstream assets. This stock is trading up 3.4% to $1.47 in recent trading.
Today’s Range: $1.42-$1.54
52-Week Range: $1.20-$3.24
Volume: 33,000
Three-Month Average Volume: 35,735
From a technical perspective, CEP is pushing higher here after the stock exploded back above its 50-day moving average of $1.32 on Thursday with high volume. This move is quickly pushing CEP within range of triggering a near-term breakout trade. That trade will hit once CEP manages to take out some near-term overhead resistance levels at $1.50 to $1.65 with high volume.
Traders should now look for long-biased trades in CEP as long as it’s trending above $1.35, and then once it sustains a move or close above those breakout levels with volume that hits near or above 35,735 shares. If that breakout hits soon, then look for CEP to re-test or possibly take out its next major overhead resistance levels at $1.80 to $1.92. Any high-volume move above those levels will then put $2 to $2.27 in to focus.
This is a technical analysis only and does not consider factual news releases that may or may not happen along the way.
CEP has an ongoing P/E of 1.61, which indicates that it is highly undervalue. http://www.stoxline.com/quote.php?symbol=cep
Anyone tries buying 20 or 30 thousand shares this stock will gain a quarter on that alone! LII is ridiculously thin.
Get in before Wall St. finds out, CEP it's still a secret.
JMHO.
I bought another 4200K shares today between 47-51.
Took a while but i got them.
Market looks really thin on L2..10k share market buy would put us over opening price and close to hod.
))
Yep yep. I'm staying for a while. At minimum 6-12 mos. Hopefully longer. Because that's how I do things.. Lol.
I am clearing up some powder for Mon/Tuesday on this baby.
We are heading to $2 ++
Just bot a few more at 1.4699
I'm averaging up a bit but below 2.00 is a deal.
IMHO
First resistance around $1.51, from there we move to $1.65 - $1.85.
fun.
I'm looking for $3 minimum once this sale of $ 40 Million Black Warrior Basin is complete.
From there CEO Brunner has indicated purchase of profitable O&G acquisitions.
Increased my position by another 2700 shares today and holding like I said earlier for an easy double, then go from there.
Real key thing here with CEP is only 23M s/0 and a tiny market cap at the current s/p.
Enjoy.
I know but it's the least I can do for my 5 followers. ;)
I have a disdain for fake hysteria.
pumping not required on this Gem.
It will be fun as we rise.
keep buying...Black Warrior and $40 Million price tag sale upcoming.
we're looking good. ))
Easy 3-4 Bagger IMHO.
Double guaranteed!
Another point of view is that if they sold all of their properties they would fetch approximately somewhere between 2 and 3 hundred million. Erase the debt of 40 million after the Black Warrior Sale and you are left with $160 - 240 million in cash. There are 23M current shares outstanding that's it that's all.
In it to win it.
They have dropped the MLP, which should be a tax benefit to shareholders. Valuable property here. What is their next move?
I say this goes to 5 in next 12-18 mos.
Great entry point here today picked up 2800 more shares.
Holding for news on the sale of black warrior $ and see from there.
The company’s drilling and recompletion activity is currently focused on oil potential in CEP’s existing asset base in the Cherokee Basin, with plans primarily targeting production from the Bartlesville, Skinner, Red Fork, Burgess and Mississippian zones.
Activity also targets the Mississippian trend, where the company is currently completing four of 18 vertical wells planned during 2012 in the Bulldog, Bull Creek, Bluestem, Queen Anne, Coshehe, and Sand Creek projects in Osage County. Well costs are generally expected to range between $175,000 and $375,000 each depending on depth and completion zones.
This strategy again allows CEP to substantially save huge dollars going vertical instead of horizontal.
Can't wait to see the results.
Let's do this Stephen, C'mon Man!
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Most of our current production is natural gas, which we recover primarily from coalbed methane. Our proved reserves are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas and Nebraska.
Our primary business objective is to create long-term value and to generate stable cash flows allowing us to resume making quarterly cash distributions to our unitholders. In the long term, we are focused on increasing the amount of our future quarterly distributions over time. We plan to achieve our objective by executing our business strategy, which is to:
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Our proved reserves are located in the Black Warrior Basin in Alabama, the Cherokee Basin in Oklahoma and Kansas, the Woodford Shale in the Arkoma Basin in Oklahoma, and the Central Kansas Uplift in Kansas and Nebraska.Our reserves provide long-lived production, low-risk, low-cost drilling opportunities and a high percentage of proved developed reserves.Our asset base contains over 2,800 low-risk, low-cost drilling opportunities which should provide us the opportunity to organically grow our business over time. |
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John R. Collins
Richard H. Bachmann
Richard S. Langdon
Hugh M. McIntosh
John N. Seitz
Stephen R. Brunner
Charles C. Ward
Michael B. Hiney
Lisa J. Mellencamp
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