Sweet 16 Valuations

[dan_s]

All of my Sweet 16 forecast/valuations are based on WTI at $50/bbl and Henry Hub natural as at $3.00/MMBtu for ALL FUTURE PERIODS.

I make adjustments for regional differentials and each company's hedges.

All of the Sweet 16 are trading today as if oil is going back below $45 in the near future and staying there forever. Wall Street money managers still have little faith that we are in the rebound phase of this cycle. My guess (hope) is that when OPEC extends the production limits, Wall Street will rotate more money back into the energy sector. It sure hasn't happened yet.