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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (67826)11/5/2010 11:59:38 PM
From: energyplay  Read Replies (3) | Respond to of 217771
 
I don't have a view of Callon CPE. Boom Boom Room is a good place to ask. Callon had a problem with their offshore operation 2 years ago, 70% of their reserves written off.

Latest press release is about two good wells, one with 500 bbls of oil and the other a shale gas well with 10 mmcfd flow and 7000 psi pressure, which is good.

They have some cash, 31 million, but also 160 million long term debt. They are going to be VERY sensitive to both the oil and gas prices.

This looks like it could be a very good stock - chart action looks good.

But, it will need more Due Diligence from me. They have hedges, also, I need to get some one's opinion on their geology.

Thanks for mentioning CPE, it will go on my short list.

Please ask about it in the Boom Booom Room.



To: Hawkmoon who wrote (67826)11/8/2010 1:53:57 PM
From: elmatador  Respond to of 217771
 
A major goal of (China´s) 12th Five Year Plan is to achieve major progress in economic restructuring, including stimulating household consumption, adjusting and rationalizing investment, boosting the services sector, and promoting industrial upgrading in key sectors such as new energy, new materials, modern transport systems, electric automobiles, key capital goods, bio-tech and information technology. The share of these strategic new industries in GDP is targeted to grow to 15% by 2020. Other objectives include improving energy efficiency, promoting rural-agriculture development, and continuing urbanization and regional economic development.

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