We are limited to the number of email alerts we can send out each day, so check the website for new profiles and forecast models. We always post these reports and my podcast to the EPG website before we send them out via email.
Updated profiles for MTDR and SM were posted yesterday and I will finish up the SWN profile this afternoon.
I hope you all take a few moments to read the G&R note on natural gas that I sent out with the PDCE profile. All of our "gassers" are trading as if natural gas is going to $2.00 and staying there forever. AR, GPOR, RRC and SWN are profitable at $2.50/mcf and most of their gas for 2019 is already hedged at much higher prices. RRC's net asset value of just their proven reserves (P1) is over $24/share and IMO their P2 reserves are worth at least $10/share.
MTDR, SWN, SM Updates
MTDR, SWN, SM Updates
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group