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home / news releases / CPE - Callon Petroleum: Reviewing Its Guidance For 2023

CPE - Callon Petroleum: Reviewing Its Guidance For 2023

Callon Petroleum Company

2023-03-09 01:50:49 ET

Summary

  • Callon is projected to generate $267 million in free cash flow at current 2023 strip of mid-to-high $70s WTI oil.
  • This is lower than what was in Callon's presentation since that presentation used FactSet consensus numbers from mid-February.
  • Callon is dealing with cost inflation issues but expects improved cash flow in 2024 to 2027 with increased capital efficiency.
  • I estimate Callon's value at around $54 per share in a long-term $70 WTI oil scenario.

For further details see:

Callon Petroleum: Reviewing Its Guidance For 2023
Stock Information
Company Name: Callon Petroleum Company
Stock Symbol: CPE
Market: NYSE
Website: callon.com
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