Forbes  Dec 10  Comment 
On 12/11/14, Callon Petroleum Co.'s 10.0% Series A Cumulative Preferred Stock (NYSE: CPE.PRA) will trade ex-dividend, for its quarterly dividend of $1.25, payable on 12/31/14. As a percentage of CPE.PRA's recent share price of $38.08, this...
The Hindu Business Line  Nov 9  Comment 
Bangalore Branch of SIRC of The Institute of Chartered Accountants of India to hold Jnana Sangama – a two day CPE conference on November 15 and 16 at Jnana Jyoti Convention Centre, near My...
SeekingAlpha  Oct 13  Comment 
By Callum Turcan: Demand for Permian Basin acreage remains strong as Encana (NYSE:ECA) purchases Athlon Energy (NYSE:ATHL) for $7.1 billion, which includes Encana taking on Athlon's $1.15 billion debt load. For $7.1 billion, Encana acquired 30,000...
SeekingAlpha  Sep 12  Comment 
By Bret Jensen: I added shares of Callon Petroleum (NYSE:CPE) to my existing stake in this fast growing Permian E&P play after it sold off Monday after announcing a secondary that raised just north of $100 million from the markets. Callon recently...
TheStreet.com  Sep 10  Comment 
NEW YORK (TheStreet) --aCallon Petroleum was gaining 2.5% to $9.37 Wednesday after pricing the 12.5 million shares of common stock in its public offering. The oil and gas company priced the 12.5 million share public offering at $9 a share. The...
StreetInsider.com  Sep 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Callon+Petroleum+%28CPE%29+Prices+12.5M+Common+Offering+at+%249Share/9820080.html for the full story.
SeekingAlpha  Sep 9  Comment 
By Michael Fitzsimmons: In my first article on Callon Petroleum (NYSE:CPE) I made a case for this pure-play Permian Basin oil producer to appreciate 30% in 2014. The stock, at the time $6.79, went straight up to $12 in July and has since fallen...
TheStreet.com  Sep 8  Comment 
NEW YORK (TheStreet) --aCallon Petroleum was falling 7.5% to $9.31 Monday after announcing a public offering of common stock. The company announced it will soon offer 12.5 million shares of common stock in the offering. The underwriters of the...
StreetInsider.com  Sep 2  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Callon+Petroleum+%28CPE%29+to+Expand+Presence+in+Texas+with+%24213M+Property+Grab/9796413.html for the full story.


Callon Petroleum Company (CPE), another of the oil stocks, has been on an uptrend since what appears to be a "hammer" formation on 7/21/03 (as seen on the weekly 5-year chart), but with weakness by waivering above and below the 50-day and 200-day moving averages until September 2007, when it corrected and took off from there.

The stock has been trending up since September '07 in a two-steps-forward, one-step-back fashion, correcting as needed. The institutional investors have also thought this was a good stock, and they have been increasing their holdings (albeit slowly) in the stock. Additionally, the RSI (relative strength index) has been steadily increasing since September, when it crossed into positive territory placing CPE among the healthy stocks in the market (and possibly a future leader), even though the price is only in the mid-20's and not in the hundreds such as other monsters in the group.

Technically, the stock has some work to do before it becomes a sound investment. Currently, the 50-day moving average is at $17.18, which means that the stock would need to at least pull back to that level or base [move sideways] in a tight trading range until the moving average catches up with the stock BEFORE one should even consider investing in this stock.


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