Many E&P stocks now grossly oversold, unless you believe oil price heading to $60/bbl and staying there.
http://www.forbes.com/sites/energystock ... r=yahootix
ROSE
Re: ROSE
I just went over my forecast model for Rosetta Resources carefully and I compared it to several analysts' projections. This one looks very good. If oil prices hold over $80/bbl they are going to book very strong earnings and cash flow per share. Also, the company is now getting a lot of their Eagle Ford oil to the coast, so they are getting much higher than WTI pricing.
First Call's price target is $56.53.
See my update forecast model under the Sweet 16 Tab for my Fair Value (current break-up valuation).
This is a Screaming Takeover Target for any major that wants to get into the Eagle Ford Shale.
First Call's price target is $56.53.
See my update forecast model under the Sweet 16 Tab for my Fair Value (current break-up valuation).
This is a Screaming Takeover Target for any major that wants to get into the Eagle Ford Shale.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group