RRC

[dan_s]

Range Resources (RRC): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.

RRC is the closest thing we have to a "Gasser" in the Sweet 16. It has HUGE potential natural gas and NGL reserves in the Marcellus Shale. It was getting close to my Fair Value Estimate, so it was time to take a closer look.

I have increased my Fair Value Estimate to $99.40/share, compared to First Call's Price Target of $96.80.

If natural gas prices continue to move higher, there is a lot more upside for this one.

My Top Two picks in the Sweet 16 for more exposure to natural gas are SM and UNT. SM has finally gone positive for the year and I believe their Eagle Ford results for the first quarter will push it a lot higher.

[dan_s]

CORRECTION: SM Energy (SM) is still down 7.4% YTD. It is OAS that has finally gone positive. I think TPLM's good report helped draw more attention to OAS this week. OAS is a pure play on the Bakken / Three Forks.