Sweet 16 Valuations - June 25

[dan_s]

This week I will be updating all of the Sweet 16 and Small-Cap Growth Portfolio companies' individual forecast/valuation model. They are being posted to the EPG website as they are completed. Next week's newsletter will included updated tables. Eight of the Sweet 16 have been updated so far and all of them should be done by Wednesday afternoon.

WTI oil price assumptions for each forecast period:
$57/bbl for Q2 2019 < NYMEX contracts for April to June averaged $57.51/bbl.
$55/bbl for Q3 2019
$60/bbl for Q4 2019
$60/bbl for year 2020

Henry Hub gas price assumptions for each forecast period
$2.50/mcf for Q2 2019
$2.20/mcf for Q3 2019
$2.30/mcf for Q4 2019
$2.50/mcf for year 2020

I'm also lowering NGL prices in all future periods. For each company I do my best to estimate regional price differentials and the impact of their hedges on realized oil, gas and NGL prices. All of the "gassers" are going to report BIG increase in the value of their hedges for Q2.

All of the forecast/valuation models are macro driven Excel spreadsheets. You can download them to Excel and change the commodity prices at the bottom and the spreadsheets will automatically update EPS, CFPS and stock valuations. I now provide recent Wall Street analysts' valuations on the lower right of each model.