Sweet 16 Update - Sept 7

[dan_s]

The updated Sweet 16 spreadsheet showing my valuations compared to First Call's price targets is sitting on the EPG Home Page.

All of the individual company profiles have been updated except for Talos Energy (TALO) because I am waiting for a damage report as a result of hurricane Laura. The profiles are under the Sweet 16 tab.

Oil prices pulled back a bit last week on FEAR of slow demand recovery. As I stressed in my Saturday podcast, right now the "gassers" look like the best near-term bets. Oil demand will catch up to supply, primarily because we aren't completing enough wells to keep supply from falling in Q4 and Q1. EIA's weekly reports for liquids and natural gas should both come out on Thursday because of the Labor Day holiday.

My goals are to get our next webinar set up this week and finish updating all of the Small-Cap and High Yield company profiles by the end of September.

I will be taking a hard look at Devon Energy (DVN), which looks like it is heading back into the Sweet 16.