Replies to post #1885 on Callon Petroleum (CPE)

[TuMaRu]

No need. They're pulling a "Chesapeake" on their investors it looks like. CPE just declared a horrendous $1.6 billion loss for the most recent Q and a reverse split effective on Aug. 7 (this friday).

Its got bankruptcy splashed all over it I'm afraid. Mainly due to the $3.3 Billion debt overhang from the botched Carrizo acquisition. Their timing couldn't have been worse.

[I-Man]

Earnings beat by like +570% and this stock gets shorted down??!!!!

Same thing happened with CLF other day too. Massive upbeat earnings over analysts and +$1 Billion revenues , down she goes... The HATE out there for anything this President is trying to do for this Country is sickening to see...