Callon Petroleum (CPE)
Posted: Sat Oct 18, 2014 11:19 am
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
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