Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / CPE - Callon Petroleum: Net Debt May Be Reduced To Under $2 Billion By End Of 2022

CPE - Callon Petroleum: Net Debt May Be Reduced To Under $2 Billion By End Of 2022

Callon Petroleum Company
  • Callon is now projected to generate $724 million in positive cash flow in 2022 at current strip.
  • This would allow it to reduce its net debt to under $2 billion by the end of 2022.
  • Callon also appears capable of reducing its leverage to 1.0x or less by the end of 2023 if oil averages $70 in 2023 (after low-$90s in 2022).
  • Callon is reasonably priced for a long-term mid-$60s WTI oil scenario and should have upside in a $70+ long-term oil scenario.

For further details see:

Callon Petroleum: Net Debt May Be Reduced To Under $2 Billion By End Of 2022
Stock Information
Company Name: Callon Petroleum Company
Stock Symbol: CPE
Market: NYSE
Website: callon.com
Menu
CPE CPE Quote CPE Short CPE News CPE Articles CPE Message Board
Get CPE Alerts

News, Short Squeeze, Breakout and More Instantly...