$CPE all we need from this point forward is oil demand or forecast of it continuing to rise. Callon merging with Carizzo will get this to new heights when investors feel comfortable with demand and oil getting back up into the high 50’s and 60’s. The power of this merger will flourish at that point. This company with balanced oil and price in high 50’s should be at minimum $8. I expect that price by end of Q2 2021 or Q3 2021. This will be a cash flow machine with the perimeters I described which easily pays down its debt by 2023. That’s what I think and why I hold a big position here. Good luck longs. Don’t get caught up in the short term noise. Do your own DD and then make a decision. I’m here for the long term. When I exit I will only be paying long term gains.
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