Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas and southeastern New Mexico. As of December 31, 2018, its estimated net proved reserves totaled 238.5 million barrel of oil equivalent, including 180.1 MMBbls of oil and 350.5 Bcf of natural gas. The company was founded in 1950 and is headquartered in Houston, Texas.
Thanks , boss. Oil is a fallng knife at the moment w/ no end insight. Beware dip buyers, Fear is in the air. Personally, I like Callon and have held/traded it many times over the years, keep in mind - things have change but oil WILL recover sooner rather than later. Eventually, the World Leaders will tire of the whizzing contest and reduce output. Add the virus issues and here we are. Disclaimer, I started a 1,000 share entry at $1.84. $1,840.00 and will add when oil finally bottoms " or at least try to ".
You can BET I bought a bunch more this morning between circuit trips. Call me crazy but I see a different picture.
I've noticed something odd about CPE options. I've been buying CPE stock recently in the low to mid .40's and was able to sell Jan/2022 $1 calls for .45 - .50 when the stock price rises to the .55 range. My last such trade, I purchased stock at .44. The next day, CPE went to .53 and I was able to sell the $1 calls for .45. This makes absolutely no sense to me and I'm hoping someone here can explain. Who in their right mind would pay .45 for a call option when they can just buy the stock for .53? I don't know if this is some kind of anomaly, but so far, I've accumulated thousands of shares at literally 0 cost. The only downside is that profits are capped at $1 What am I missing here? I hope someone here can make sense of this for me.
