During the week ending Dec 23 the Sweet 16 gained 3.99% and is now up 42.25% YTD.
The S&P 500 Index lost 0.16% and is now down 19.33%.
Bad year for the average stock fund. Good year for the Energy Sector. The Sweet 16 is still 96.76% below my updated Fair Value Estimates based on 2023 commodity prices of $85/bbl for WTI oil and $6.00/MMBtu for HH natural gas. Even if I use the NYMEX strip prices, the Sweet 16 is still 50% below Fair Value.
My updated Sweet 16 summary spreadsheet will be posted to the EPG website home page later today.
Sweet 16 Update - Dec 24
Sweet 16 Update - Dec 24
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group