SilverBow Resources (SBOW) Update - June 12

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

SilverBow Resources (SBOW) Update - June 12

Post by dan_s »

I have updated my forecast/valuation model for SBOW, one of the "gassers" in our Small-Cap Growth Portfolio.

SBOW closed at $22.64 on June 11
First Call's price target of $25.50 is the average of just two analysts' reports that are both over a month old and based on much lower gas and NGL prices than the current NYMEX strip.

I have increased my valuation by $8 to $42 per share.

We will be publishing an updated profile on this very profitable "gasser" late today.
Dan Steffens
Energy Prospectus Group
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