NFX Forecast

dan_s · Post by **dan_s** » Fri May 05, 2017 2:35 pm

I have updated my forecast model for Newfield Exploration (NFX). It will be posted to the EPG website this afternoon.

My valuation increases $2.00 to $72.00/share, which compares to First Call's price target of $50.43.

I could easily value it higher because their well results in STACK are fantastic. Horizontal wells completed with Newfield's latest completion design and a lot more sand are producing way above the pre-drill type curves. This means that if the wells continue to produce at these high levels they will get a BIG INCREASE in proven reserves at year-end.

STACK is in the early stages of development. Sweet 16 companies CLR, DVN, NFX and XEC are figuring out how to get more oil, gas and NGL production per acre. THEY ARE JUST GETTING STARTED. These companies have "Top Tier" petroleum engineers, which is one reason they are all "Core Holding" quality companies.

Now go to the Newfield website and go through their latest PowerPoint presentation.