Callon Petroleum (CPE)

[dan_s]

In the last seven days, First Call has increased their price target for CPE by $1.50 to $14.66. Several analysts finally figured out how significant their recent acquisition is. My Fair Value Estimate is $15.15/share.

An updated Net Income & Cash Flow Forecast model is available under the Watch List Tab.

> My valuation above assumes their realized oil price will be $80/bbl beyond 2014.
> Hedges in place today guarantee it least $85/bbl realized oil price for Q4
> They have more than enough liquidity to fund their capex through 2015

[wilmawatts]

Sweet, a well positioned company

[kenm]

Core of the Permian core. Preferred is core position in my portfolio. Call protected til mid 2018.