Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Correction A Good Opportunity To Buy Callon Petroleum

Initiation Summary

Callon Petroleum (NYSE:CPE), a Permian Basin pure play, has corrected by 22% in the last one month, primarily driven by profit booking. Prior to this correction, the stock had surged by 184% in one year. A profit booking correction was therefore likely and presents a good opportunity for investors to consider exposure to this high growth company.

The rally of 184% prior to the correction was driven by strong fundamental factors and this initiation will discuss the factors that contributed to the upside. More importantly, the initiation will discuss the factors that make Callon Petroleum an attractive stock to consider at current levels.

The conclusion from the discussion below is that Callon Petroleum can be considered...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details