Sweet 16 Update - Mar 2

[dan_s]

I will be getting the Sweet 16 forecast models for CPE, CTRA, EOG, NOG, OVV and PDCE updated for Q4 results and updated guidance today or tomorrow. ESTE will report Q4 results next week.

My forecasts will be based on much lower oil prices than we have today. If you think oil is going to settle over $100/bbl (now very likely) add 5% to 10% to my valuations for all of them except the gassers (AR, CRK, CTRA, EQT and RRC). I do expect natural gas prices to stay over $4/mcf all year.

[mikelp]

if there was an "Elite 10" (Elite 8 +2)

which other two would make that Elite 10 list?

[dan_s]

MGY, MTDR and RRC are all just outside of the Elite 8 with market-caps over $5 Billion.

None of MGY's production is hedged.

[Fraser921]

My number 9 is MGY due to unhedged
My number 10 is MDTR (dont own it) but might add today Oil only 25 % hedged and good NG hedges