Current CPE Stock Info

Paying down debt, looking at Permian acquisitions
On March 3, 2016, Callon Petroleum (ticker: CPE) announced its intent to issue a total allotment of 15,250,000 shares of common stock including the underwriter’s option, resulting in net proceeds of $86.2 million.

Callon intends to use the proceeds from the offering to pay down the existing balance on their revolving credit facility, a portion of which was used to finance earlier acquisitions.

Callon Petroleum also announced that the company will use any remaining balance to target and as...

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