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Callon Petroleum Company - $CPE STOCK NEWS

Welcome to our dedicated page for Callon Petroleum Company news (Ticker: $CPE), a resource for investors and traders seeking the latest updates and insights on Callon Petroleum Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Callon Petroleum Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Callon Petroleum Company's position in the market.

Rhea-AI Summary
Callon Petroleum Company has completed its acquisition of Delaware Basin assets from Percussion Petroleum Operating II, LLC and the sale of its Eagle Ford assets to Ridgemar Energy Operating, LLC. The consideration for the Percussion transaction consisted of $249 million in cash and approximately 6.3 million shares of Callon common stock. Callon received $551 million in cash for the sale of its Eagle Ford assets. The transactions have reduced Callon's outstanding debt by approximately $300 million, bringing its gross debt to less than $2.0 billion. Callon has also announced a two-year, $300 million stock repurchase program, with plans to begin repurchasing shares in the third quarter of 2023.
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Rhea-AI Summary
Callon Petroleum Company (NYSE: CPE) plans to participate in several upcoming investor events and will release an updated investor presentation on May 15, 2023.
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Callon Petroleum Company

NYSE:CPE

CPE Rankings

CPE Stock Data

2.38B
53.90M
10.02%
93.2%
12.59%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About CPE

founded in 1950, callon petroleum company is an independent oil and natural gas company focused on growing production and reserves from our oil-weighted, multi-play, multi-pay assets in the permian basin.