SilverBow Resources (SBOW) Valuation Update - Oct 12 13

[dan_s]

SBOW was trading at $31.32 when this was posted. First Call's price target is $67.50.

The increase in my 2023 natural gas price forecast to $6.50/MMBtu increases my valuation by $3 to $108.00/share.

SilverBow is going to report big production increases in Q3 and Q4. The "Alpha Dogs" of the Wall Street Gang don't cover SBOW, but when production moves over 50,000 Boepd and natural gas prices spike in December, they should be looking for gems like this.