Newfield Exploration (NFX) has been added to our Sweet 16 Growth Portfolio. An updated Net Income & Cash Flow Forecast has been posted under the Sweet 16 Tab.
My Fair Value Estimate is $53.65.
If you are not familiar with NFX, I suggest you read our recent profile. Just log onto the website, click on the Sweet 16 tab and then click on the NFX logo.
If NFX sells their assets in China and is on-track to meet their production guidance when they announce Q2 results, I will increase the multiple being used to value the stock and Fair Value will jump to over $60/share. This one has quite a bit of running room for us.