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ROSE
Posted: Mon Jun 25, 2012 2:34 pm
by dan_s
Many E&P stocks now grossly oversold, unless you believe oil price heading to $60/bbl and staying there.
http://www.forbes.com/sites/energystock ... r=yahootix
Re: ROSE
Posted: Sat Jun 30, 2012 9:54 am
by dan_s
I just went over my forecast model for Rosetta Resources carefully and I compared it to several analysts' projections. This one looks very good. If oil prices hold over $80/bbl they are going to book very strong earnings and cash flow per share. Also, the company is now getting a lot of their Eagle Ford oil to the coast, so they are getting much higher than WTI pricing.
First Call's price target is $56.53.
See my update forecast model under the Sweet 16 Tab for my Fair Value (current break-up valuation).
This is a Screaming Takeover Target for any major that wants to get into the Eagle Ford Shale.