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.
SBOW - Look Beyond Debt-Heavy Callon Petroleum For Oil Stocks
SilverBow Resorces Inc.
Callon Petroleum, a $4.0 billion market cap US oil, NGL, and gas producer, is helped by price increases in all commodities but is financially constrained.
The company recently acquired Permian producer Primexx and has been selling non-core assets.
Callon’s debt level is so high at $2.8 billion that debt paydown will necessarily continue to take priority over returns to equity-holders. It does not pay a dividend.