Sweet 16 Scorecard

[dan_s]

As of February 4 closing prices:
> Our Sweet 16 Growth Portfolio is up 8.5% year-to-date and up 84.1% since 1-1-2010.
> 11 of 16 are up YTD
> FXEN leads the pack, up 58.4% YTD on their recently announced drilling results
> GEOI is up 28.9%, primary on their success in the Bakken and new JV in the Eagle Ford Shale
> TGA is down 15.3% YTD, directly related to the unrest in Egypt.

I'm considering dropping TGA back to the Watch List if I don't see some improvement in the violence in Egypt. As TGA reported last week, there has not been any direct impact on their field operations but they seem to be seeing some delay in getting 3rd party services already. TGA is now trading well below my Fair Value estimate but investors are not going to be eager to buy a stock that is so dependent on production from Egypt and Yemen. For TGA the good news is the Brent crude oil prices are near $100/bbl. All of TGA's oil is sold under contracts tied to Brent. If not for the violence in Egypt, the share price would be climbing.

The S-16 has a lot of exposure to the Bakken Shale. After looking closely at the BEXP year-end reserve report, I'm very glad that we do. I'm eager to see year-end reserves for CLR and EOG. The Bakken and the Eagle Ford are going to be major stories all year, especially if oil prices continue to move higher.

Our newest addition, Petrominerales (PMG.TO) has incredible upside. All of you should read our profile on this one which can be found under the Sweet 16 tab.
Petrobank (PBG.TO) is more of a long-term investment in oil. It is down 6.1% YTD, trading well below my Fair Value estimate. I believe that Petrobank is going to be a significant winner for us during the second half of this year as they report progress on their heavy oil projects in Canada.