Whiting is finally showing some life. It is now up 11.6% YTD. It has beaten the First Call EPS forecast for the last two quarters. Based on my forecast model, it will easily beat it again for Q2.
Whiting is on-track to have over $14.00 cash flow per share in 2013. Trading a less than 4X CFPS is a very low multiple for a company with such a large stake in the Bakken. I also think their activity in the Permian Basin will draw some attention after this quarter. I am expecting very strong Permian results from CXO, EOG and XEC.
Whiting Petroleum (WLL)
Whiting Petroleum (WLL)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group