Callon Petroleum Update Feb 28

[dan_s]

I just finished my review of the Callon profile that we will send out via email later today. If you own CPE or if you are considering buying the stock, I highly recommend that you listen to the replay of their Q4 conference call and follow along on the slides that they provide on their website.

The company's management team is rock solid and they have done a remarkable job. Starting mid-2019 the company's production is going to ramp up sharply and they have many years of running room in lots of Tier One Permian Basin leasehold.

The well-documented Permian Basin takeaway capacity issues will be resolved this year. Netback oil, gas and NGL prices will rise even if NYMEX oil & gas prices stay flat, which I don't expect to happen. Callon has a business plan that should generate outstanding profits this year.