Callon Petroleum: May Be Able To Reduce Its Net Debt By 60% Over Next 2 Years [Seeking Alpha]
Callon Petroleum Company (CPE)
Last callon petroleum company earnings: 2/26 05:35 pm
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Source: Seeking Alpha
Callon Petroleum: May Be Able To Reduce Its Net Debt By 60% Over Next 2 YearsMay 03, 2022 2:03 AM ETCallon Petroleum Company (CPE)2 Comments1 LikeElephant AnalyticsMarketplaceSummaryimaginima/E+ via Getty ImagesCallon Petroleum (NYSE:2022 and mid-$80s for 2023) would allow Callon to reduce its net debt by around 60% by the end of 2023. This would leave it in good financial shape even if oil prices average around $65 to $75 after 2023.I estimate that Callon's stock would then be worth around $63 in a scenario where oil prices averaged $65 in the long term (after 2023) and close to $79 in a scenario where oil prices averaged $75 in the long term. The main risk for Callon is that oil prices fall significantly before it can pay down its debt.Updated 2022 OutlookThe current strip for 2022 has improved to high-$90s WTI oil along with Henry Hub natural gas reaching around $6.50. This is a scenario where Callon could generate $2.838 billion in oil and gas revenues before hedges, while its 202
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News
- APA Corporation: Stronger Oil Prices Provide New Catalysts [Seeking Alpha]Seeking Alpha
- APA Corporation Appoints Matthew Bob and Anya Weaving to Board of Directors [Yahoo! Finance]Yahoo! Finance
- CALLON PETROLEUM COMPANY ANNOUNCES EXPIRATION AND FINAL RESULTS OF ITS TENDER OFFERS AND CONSENT SOLICITATIONSPR Newswire
- Callon Petroleum (NYSE: CPE) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Callon (CPE) Up 8.6% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
CPE
Earnings
- 2/26/24 - Miss
CPE
Sec Filings
- 4/1/24 - Form S-8
- 4/1/24 - Form S-8
- 4/1/24 - Form POSASR
- CPE's page on the SEC website