Strictly: Oil and Gas Exploration Companies Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Oil and Gas Exploration Companies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Robert T. Quasius who wrote (28)	8/16/1998 11:31:00 AM
From: SliderOnTheBlack	Read Replies (2) of 318

Anyone follow Callon Petroleum/CPE ? Interesting situation as they have 8.03 Million shares; but only a 1.4 million share float; with 591,000 of the 1.4 million share float shorted ! - will take 37+ days to cover !!! They have 5 analysts following them - all rate as Strong Buy. 85% natural gas & some nice new finds coming online. 50 year old business; debt reasonable at .53 & selling at .73 of book value. Has positive earnings and is projected to double EPS next year. moderate institutional ownership @ 48 for 37.2 % of float. Selling 20% below 30 month low... I love the heavy short interest with their 85% natural gas weighting going into cold weather - irregardless of crude pricing, this could be a nice ''pop'' from short covering alone, let alone a nat gas move upward... Seems too good to be true - what am I missing ?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next