CPE - Hedged Oil Company positioned to breakout

2. Mai 2020

Callon Petroleum Company is an oil bounce play.

I am normally very against this but am short term bullish on this and NAT (tanker company) as far as oil is concerned.

The setup is as follows: They have uniquely hedged themselves with oil swap contracts valued $50+ per barrel. Someone deserves a bonus. This is the highest valued swaps I have heard of recently.

I'd be surprised if this thing doesn't fill the gaps up to $2 before the ER on 5/27.

Hopefully more chances below 0.80 to buy.

4. Mai 2020

Anmerkung

ER has been postponed until next monday, this is most likely the cause of the dip this morning, I recommend if you are buying today get in early on because oil is turning bullish

4. Mai 2020

Anmerkung

Was just asked about an entry point, my trading strategy kinda changed up on me this morning with the delay in ER and with how oil is acting, I am going to start to build my position around 0.75, low 0.70s look shaky territory to me, but will add as I see fit until I establish a position. This is a gift below 0.80. Trade accordingly.

4. Mai 2020

Anmerkung

In @ 0.75

11. Mai 2020

Anmerkung

Forgot to update was out on Tuesday @ 0.83, currently not holding any position here