Sweet 16 Update - May 4

[dan_s]

During the two weeks that ended May 3, the Sweet 16 has lost 1.19% and is now up 12.52% YTD.
During the last two weeks ended May 3, the S&P 500 index is up 3.63% and is now up 7.19% YTD.

The oil price has pulled back below $80/bbl, but the average WTI price in Q2 so far is above the oil price used in all of my Q2 forecasts ($82.50). The natural gas price now looks like will end up well above the $1.75/mcf used in my forecasts.

All of the companies that have announced Q1 results met or beat my forecasts.

I have updated my forecasts for FANG, EQT, MTDR and SBOW, increasing my stock valuations on all four. I will be updating APA, DVN, EOG, NOG and SM early next week.

I was out of the office most of last week on vacation (my wife sets the vacation schedule) and for a medical procedure on Friday. I got a good report from the medical procedure, and I should be back at full speed on Monday.

The Sweet 16 summary spreadsheet will be updated on the EPG website this afternoon.

[dan_s]

On Saturday I finished reviewing the updated profiles for APA Corp. (APA) and Devon Energy (DVN).
> You can view them directly from the EPG website.
> They will be emailed to all EPG members on Monday.

Today I will be updating the forecast/valuation models for EOG, NOG and SM

The updated profile for FANG is ready for my review.

When I have time, I will update the forecasts models for CIVI and VNOM.