Sweet 16 Update - Nov 11

[dan_s]

I am in Dallas this weekend, so it will be late on Sunday before I can post the updated Sweet 16 spreadsheet.

The portfolio was up ~2% for the week. All of them reported Q3 results close to my forecasts. Only slight disappointment was CPE.

CLR and EOG don't have any oil hedged, so they are in great shape.

Early start to winter is helping the gassers (AR, GPOR, RRC). By the end of November, ngas in storage will be more than 100 BCF below the 5-year average.

NGL prices were good in Q3 and s/b stronger in Q4. AR is the largest producer of NGLs.