Sweet 16 Update - Feb 23

[dan_s]

The following companies have announced Q4 results and I have updated my forecast/valuation models for each one of them. You can view them on the EPG website or download them to Excel. There were no significant differences between my Q4 forecasts and what the companies reported. My valuations for all 16 companies can be found on tab 2 of the main S-16 spreadsheet, which is updated each weekend and posted under the Sweet 16 tab on our website.

Antero Resources (AR)
Cimarex Energy (XEC)
Concho Resources (CXO)
Continental Resources (CLR)
Diamondback Energy (FANG)
Parsley Energy (PE)
Pioneer Natural Resources (PXD)

Updated profiles for XEC, FANG and PXD were sent out last week.
Updated profiles for AR and CLR will be sent out on Sunday, Feb 24

All of the other Sweet 16 companies will announce Q4 results next week. I will update the forecast/valuation models ASAP and send out updated profiles within a few days of when they report Q4 results.

I will be in Dallas this weekend visiting my son and his family. We are driving back Monday morning.

Next week we have two luncheons at The Hess Club:
> Tuesday, Feb. 26: Focus on the Permian Basin, hosted by Amazing Energy (AMAZ)
> Friday, Mar. 1: Focus on the Frac Sand Market, hosted by Hi-Crush Partners (HCLP)
Seating is limited to 64 for both luncheons, so PLEASE register if you plan to attend.

[dan_s]

Pioneer Natural Resources CEO to retire. Pioneer Natural Resources (NYSE: PXD) CEO Timothy Dove announced his retirement, effective immediately. Board Chairman Scott Sheffield will take over as CEO.

https://www.wsj.com/articles/ceo-of-sha ... 1550787678