Parsley Energy (PE) - Good Q3

[dan_s]

I have updated my forecast/valuation model for PE and posted it to the EPG website. It is an "Aggressive Growth" company. Wall Street is not keen on companies that are outspending their cash flow from operations this days, but Parsley is going to have a "stunning" increase in proven reserves when they report year-end results.

My valuation is $41/share and that is based on $50/bbl WTI