Callon Petroleum (CPE) Update - August 31
Posted: Sat Aug 31, 2019 10:05 am
We emailed the updated profile for CPE this morning to all EPG members.
This one has a lot of upside for us:
Do your own due diligence
1. Read the profile carefully.
2. Go to Callon's website and take 30 minutes to go through their presentation on the benefits of the merger with Carrizo.
3. Download the Pro Forma forecast/valuation model from our website. Once you have it in Excel you can change the commodity price assumptions at the bottom. Note that if you change the realized oil price to $50/bbl for 2020 and 2021 that "Post-Merger Callon" will still generate over a $Billion of cash flow from operations.
Callon and Carrizo both have solid operations teams.
This one has a lot of upside for us:
Do your own due diligence
1. Read the profile carefully.
2. Go to Callon's website and take 30 minutes to go through their presentation on the benefits of the merger with Carrizo.
3. Download the Pro Forma forecast/valuation model from our website. Once you have it in Excel you can change the commodity price assumptions at the bottom. Note that if you change the realized oil price to $50/bbl for 2020 and 2021 that "Post-Merger Callon" will still generate over a $Billion of cash flow from operations.
Callon and Carrizo both have solid operations teams.