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CPE - Things Just Got Sweet For Callon In Its Carrizo Buyout
Callon Petroleum Company
Right now is a tough time to be invested in the oil and gas space, particularly if you're invested in anything tied to the E&P (exploration and production) niche of it. Case-in-point, we need only look at the ongoing merger saga involving firms Callon Petroleum (CPE) and Carrizo Oil & Gas (CRZO). Despite a highly attractive merger between the two, shares of the companies have tanked in recent months. Not even a revision to the deal that makes it more in favor of Callon than it was in the past can stop the slide in