Friday, January 26, 2018 4:19:33 PM
Jan.25.18 | About: Callon Petroleum (CPE)
Michael Fitzsimmons
Michael Fitzsimmons
Renewable energy, oil & gas, dividend investing, gold
(7,871 followers)
Summary
Compared to its Permian shale producer peer group, Callon had a very disappointing 2017.
Part of the reason for the under-performance was a greatly expanded share count and substantial investment in surface infrastructure.
Now that much of the infrastructure has been built out, is 2018 the year for expanded production and share price appreciation?
Over the past 12-months the stock of Permian operator Callon Petroleum (CPE) has dropped over 20% despite WTI rising by about 20%. As I reported in my last article on CPE, that is partly due to a significant rise in the number of shares as well as significant spending on surface infrastructure in order to exploit its new acreage position in Howard County (see Callon Petroluem: Did You Take Some Profits?).
Source: Yahoo Finance
In its latest presentation, Callon reported on the progress it has made with respect to infrastructure projects across its four major Permian plays in order to prepare for full asset development. These include salt-water disposal wells, electrical power assets, and oil storage tanks:
Recent CPE News
- APA Corporation Completes Acquisition of Callon Petroleum Company • GlobeNewswire Inc. • 04/01/2024 01:00:31 PM
- CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS • PR Newswire (US) • 03/29/2024 12:00:00 PM
- AppFolio Set to Join S&P MidCap 400; Inari Medical to Join S&P SmallCap 600 • PR Newswire (US) • 03/25/2024 10:15:00 PM
- CALLON PETROLEUM COMPANY ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS TENDER OFFERS AND CONSENT SOLICITATIONS • PR Newswire (US) • 03/15/2024 05:07:00 PM
- CALLON PETROLEUM COMPANY ANNOUNCES EARLY RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONS • PR Newswire (US) • 03/15/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:15:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:14:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:14:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:13:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:12:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:11:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:11:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:10:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:09:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:08:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:07:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:07:03 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 03/01/2024 01:02:14 PM
- CALLON PETROLEUM COMPANY ANNOUNCES TENDER OFFERS AND CONSENT SOLICITATIONS CONTINGENT ON CLOSING OF MERGER • PR Newswire (US) • 03/01/2024 01:00:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/27/2024 01:03:35 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/27/2024 01:00:37 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/26/2024 09:20:07 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/26/2024 09:19:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 09:18:09 PM
- Callon Petroleum Company Reports Fourth Quarter and Full Year 2023 Results • PR Newswire (US) • 02/26/2024 09:15:00 PM
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