With energy prices rising and war with Iran looming, it's a good time to buy a company that exploits domestic oil resources in the United States. The problem with many such companies is that they either trade at a high multiple or their long-term prospects are very poor. Callon Petroleum, which drills oil and natural gas in West Texas, avoids those problems. With a P/E of 4.56, a P/B of 0.44, and forecasted earnings growth for the next couple years, CPE is a strong value for the long term and also should benefit from any escalation of Iran conflict in the short term.
CPE has had a tremendous amount of trading volume in its current price range.
CPE has had a tremendous amount of trading volume in its current price range.