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CPE - Callon Petroleum: A Way Back To The Promised Land
Callon Petroleum Company
Callon Petroleum (CPE) has had one of the better long-term oil and gas industry track records. However, the results of the last few years seem to indicate that management has lost its way. The proposed merger with Carrizo Oil & Gas (CRZO) may be that path back to the "promised land" of industry greatness and the adulation of analysts. Right now, despite a lot of grousing about the deal throughout the market, the merger appears to be on-track to succeed. The reason for this may be the all-stock deal that gives