Closing Bell Story‎

Callon Petroleum Increases 2015 Capex 10%, Aims for Efficiencies in 2016

November 5, 2015

Callon reports 73% increase in year-over-year production Callon Petroleum (ticker: CPE) announced its third-quarter 2015 results yesterday, showing a year-over-year production increase of 73%, 77% oil-weighted. The company reported an adjusted EBITDA margin of about 70%, compared to 69% a year ago, in large part to lower G&A and LOE costs. The company’s total adjusted EBITDA for the quarter amounted

Union Strike the Latest Problem for Petrobras as Production Wanes

November 4, 2015

Estimates: Anywhere from 13% to 25% of Oil Production Loss The slew of problems with Brazil’s Petrobras (ticker: PBR) have been well-documented over the past several months. A widespread corruption scandal has outed high-ranking PBR executives and even government officials, leading to free-falling approval ratings for President (and former Petrobras Chairman) Dilma Rousseff. The company’s debt has ballooned past $120

Callon Petroleum Increases 2015 Capex 10%, Aims for Efficiencies in 2016

Union Strike the Latest Problem for Petrobras as Production Wanes

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