Gulfport Energy - Updated Forecast

[dan_s]

My updated forecast model for GPOR is now available to EPG members under the Sweet 16 tab.

My Fair Value estimate has been increased to reflect their excellent 3rd quarter results.

GPOR is:
> Heavily weighted to oil
> Sells most of their production into the Gulf Coast market at a significant premium to WTI
> Balance Sheet is rock solid
> They have a very nice acreage block in the Utica Shale. They have committed to a 20 well drilling program in 2012 that kicks off in January.
> Niobrara could also add significant production in 2012
> Grizzly and Thailand give them incredible upside beyond 2012