Callon Petroleum (CPE)

[catdaddyrt]

Well not even true - the reason CPE is down is due to current oil pricing
and oil may go even lower - I know Saudi is feeling the pain and looking for a way out. This may take a good while to pay off like after the election or next year but imo its a great buy. My .46s filled today.
I think it will bounce up and down for a while with all the uncertainty in the oil market. Mean while CPE has hired some advisor's to help restructure some of the debt they hold even though most of it is not due till 2023
Good Luck everyone



Only reason CPE is down is because of the virus.


While Callon's debt does not come due until 2023, it is seeking to avoid a cash crunch amid falling revenue and dwindling financing options for energy producers, according to the report.

The company is said to be working with debt restructuring attorneys and retaining the services of an investment bank, but a decision on a specific course of restructuring is not imminent.