Callon Petroleum - Update

[dan_s]

In the last 3 months, 9 ranked analysts set 12-month price targets for CPE. The average price target among the analysts is $15.83.

I am putting the final touches on the updated profile for Callon Petroleum (CPE) today. This pure play on the Permian Basin is a PRIME TAKEOVER TARGET if I ever saw one. At this point in the oil price cycle, the Big Fish start looking at the Little Fish and CPE is a tasty little fish.

A takeover will happen at a price above my price target of $15.50.