Updated Forecast Models
Posted: Fri Nov 11, 2011 4:59 pm
I have posted updated Net Income and Cash Flow forecasts for GTE and GEOI under the Sweet 16 tab.
Most of the Sweet 16 forecasts are now updated for 3rd quarter results. I will get all the rest done tomorrow.
MIND is on a fiscal year, so they won't report results for the quarter that ended 10/31 until early December. It is going to be a good one.
All of the companies in the S-16 reported results close to what I was expecting, even FXEN. You have to ignore the non-cash charges like mark-to-market adjustments on hedges and those stupid unrealized foreign exchange gains and losses. This is why we remain focused on cash flows per share.
I remain VERY BULLISH on oil prices and on the onshore drillers. Take a hard look at the six onshore drilling companies at the bottom of our Watch List (which Matt Denegre will now update each Monday morning).
Have a good weekend.
Most of the Sweet 16 forecasts are now updated for 3rd quarter results. I will get all the rest done tomorrow.
MIND is on a fiscal year, so they won't report results for the quarter that ended 10/31 until early December. It is going to be a good one.
All of the companies in the S-16 reported results close to what I was expecting, even FXEN. You have to ignore the non-cash charges like mark-to-market adjustments on hedges and those stupid unrealized foreign exchange gains and losses. This is why we remain focused on cash flows per share.
I remain VERY BULLISH on oil prices and on the onshore drillers. Take a hard look at the six onshore drilling companies at the bottom of our Watch List (which Matt Denegre will now update each Monday morning).
Have a good weekend.