Callon Petroleum (CPE) - High Risk / High Reward

[dan_s]

https://finance.yahoo.com/news/callon-h ... 59123.html

Callon will announce Q2 results on Tuesday, Aug 4.
> Look for production to be approximately 105,000 Boepd with 67,000 barrels of oil per day.
> Including cash settlement on their hedges, revenues should be ~$240 million.
> Cash flow from operations s/b ~$125 million, net of $20 million in cash interest expense
> If Callon generates free cash flow in Q2 the "high risk" mentioned in the article above s/b lowered a bit.
> Detailed guidance should reduce the fear factor even further.