Callon Petroleum Company (CPE)

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Top Contributors Yechiel Cashman

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.

 Callon Petroleum Company

	Select All  |  Select None Metrics Operating Income Proved Natural Gas Reserves in Cubic Feet Net Productive Gas Wells Net Productive Oil Wells Return on Capital Employed (ROCE) Oil Sales Natural Gas Sales Average Price per Barrel Average Natural Gas Price / 1000 Cubic Feet Net Income Annual Production of Oil & Liquids in Barrels Annual Production of Natural Gas in Cubic Feet Proved Oil Reserves in Barrels Net Productive Wells Cancel

	Select All  |  Select None Companies Occidental Petroleum (OXY) Abraxas Petroleum (ABP) American Oil & Gas (AEZ) Aurora Oil & Gas (AOG) Apache (APA) APCO Argentina (APAGF) Anadarko Petroleum (APC) ATP Oil & Gas (ATPG) Blue Dolphin Energy Company (BDCO) Brigham Exploration Company (BEXP) Barnwell Industries (BRN) Berry Petroleum Company (BRY) Chesapeake Energy (CHK) Canadian Natural Resources (CNQ) CanArgo Energy (CNR) Cabot Oil & Gas (COG) Callon Petroleum Company (CPE) Credo Petroleum (CRED) Comstock Resources (CRK) Carrizo Oil & Gas (CRZO) Clayton Williams Energy (CWEI) Double Eagle Petroleum Company (DBLE) Denbury Resources, Inc. (Holding Company) (DNR) Delta Petroleum (DPTR) Devon Energy (DVN) Encore Acquisition Company (EAC) Encana (ECA) Enbridge Energy Management LLC (EEQ) VAALCO ENERGY (EGY) Endeavor International (END) EOG Resources (EOG) Enterprise Products Partners L.P. (EPD) Energy Partners (EPL) Evolution Petroleum (EPM) FieldPoint Petroleum (FPP) Forest Oil (FST) Galaxy Energy (GAX) Goodrich Petroleum (GDP) GeoResources (GEOI) Gulfport Energy (GPOR) GEOPETRO RESOURCES CO (GPR) GASCO ENERGY (GSX) Petrohawk Energy (HK) Benton Oil and Gas Company (HNR) Isramco (ISRL) BMB Munai (KAZ) Quicksilver Resources (KWK) Linn Energy, LLC (LINE) Contango Oil & Gas Company (MCF) Martin Midstream Partners L.P. (MMLP) McMoRan Exploration Company (MMR) Magellan Petroleum (MPET) Mexco Energy (MXC) Noble Energy (NBL) Newfield Exploration Company (NFX) Pyramid Oil Co (PDO) Panhandle Royalty Company (PHX) Parallel Petroleum (PLLL) PrimeEnergy (PNRG) Petroquest Energy (PQ) Penn Virginia (PVA) Pioneer Natural Resources Company (PXD) Plains Exploration & Production Company (PXP) Rosetta Resources (ROSE) Royale Energy (ROYL) Range Resources (RRC) Swift Energy Company (SFY) Stone Energy (SGY) St. Mary Land (SM) Questar (STR) Suncor Energy (SU) Southwestern Energy Company (SWN) TRANSGLOBE ENERGY CORP (TGA) Talisman Energy (TLM) Meridian Resource (TMR) Toreador Resources (TRGL) The Exploration Company (TXCO) Ultra Petroleum (UPL) EXCO Resources (XCO) Cimarex Energy Co (XEC) Crosstex Energy, L.P. (XTEX) XTO Energy (XTO) Energen (EGN) CNX Gas (CXG) Murphy Oil (MUR) Petrobras Energia Participaciones SA (PZE) CNOOC, Ltd. (CEO) BPZ Energy (BZP) Arena Resources (ARD) SINOPEC Shangai Petrochemical Company (SNP) Atlas Energy Resources (ATN) Edge Petroleum (EPEX) GMX Resources (GMXR) CKX Lands (CKX) Cancel

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Company	Data From	Annual Production of Oil & Liquids in Barrels	Annual Production of Natural Gas in Cubic Feet	Proved Oil Reserves in Barrels	Net Productive Wells	Net Income
Callon Petroleum Company (CPE)	2006	1.63M[1]	11B[1]	13.3M[2]	22.9[3]	$40.6M[4]
Credo Petroleum (CRED)	2007	51K[5]	1.93M[5]	458K[6]	82.1[7]	$6.09M[8]
Energy Partners (EPL)	2007	Add	Add	29.9M[9]	276[10]	($50.4M)[11]
GeoResources (GEOI)	2006	134K[12]	22.6K[12]	2.77M[13]	115[12]	$1.74M[13]
Parallel Petroleum (PLLL)	2007	1.05M[14]	7.42M[14]	28.4M[15]	400[16]	($4.66M)[17]

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[edit] References

1. ↑ ^{1.0 1.1} CPE, 10K of 2006, Item 7, Page 34
2. ↑ CPE, 10K of 2006, Item1&2, Page 15
3. ↑ CPE, 10K of 2006, Item1&2, Page 21
4. ↑ CPE, 10K of 2006, Item 8, Page 41
5. ↑ ^{5.0 5.1} CRED, 10k for 2007, Item 2, Pg 12
6. ↑ CRED, 10k for 2007, Item 8, Pg 46
7. ↑ CRED, 10k for 2007, Item 2 , Pg 14
8. ↑ CRED, 10K for 2006, Item 8, F-5
9. ↑ EPL, 10K,Item7 ,pg 25
10. ↑ EPL, 10K,Item2, pg 4
11. ↑ EPL, 10K,Item6, pg 22
12. ↑ ^{12.0 12.1 12.2} GEOI,10KSB from2007, Item2
13. ↑ ^{13.0 13.1} GEOI, 10KSB, Item14
14. ↑ ^{14.0 14.1} PLLL, 10K for 2007, Item 2, Page 8
15. ↑ PLLL, 10K for 2007, Item 6, Page 32
16. ↑ PLLL, 10K for 2007, Item 2, Page 27
17. ↑ PLLL, 10K for 2007, Item 15, F-4