EPG Newsletter - March 4
Posted: Thu Mar 04, 2021 8:56 am
The newsletter went out this morning to all EPG members. This is really the end of February newsletter, but it was so crazy last week trying to keep up with all the Q4 results and updated guidance that I thought it best to wait until I could take a few days to double check all of my forecast/valuation models. I felt like I was herding cats.
I still have several of High Yield Income Portfolio companies to update. SilverBow Resources announced Q4 results late on March 3, so I will update that one today as well.
Note that several of our Sweet 16 companies are moving up so fast that they are already getting close to the valuations that I just updated last week. This is the fun part of the cycle!
Callon Petroleum (CPE) is this year's first double. Based on the March 3 closing price of $31.05 it is up 135.9% YTD and up 509% since April 10, 2020 the date I pick as the bottom of the pandemic driven selloff. CPE still has a lot of upside for us.
NOTE that all of the valuations in the newsletter are based on the oil & gas prices shown at the top of page 5. WTI is much higher already. CPE should go to $50 if WTI stays over $60/bbl.
Matador Resources (MTDR) is also near my updated valuation. That one does not look as good to me.
I still have several of High Yield Income Portfolio companies to update. SilverBow Resources announced Q4 results late on March 3, so I will update that one today as well.
Note that several of our Sweet 16 companies are moving up so fast that they are already getting close to the valuations that I just updated last week. This is the fun part of the cycle!
Callon Petroleum (CPE) is this year's first double. Based on the March 3 closing price of $31.05 it is up 135.9% YTD and up 509% since April 10, 2020 the date I pick as the bottom of the pandemic driven selloff. CPE still has a lot of upside for us.
NOTE that all of the valuations in the newsletter are based on the oil & gas prices shown at the top of page 5. WTI is much higher already. CPE should go to $50 if WTI stays over $60/bbl.
Matador Resources (MTDR) is also near my updated valuation. That one does not look as good to me.