Sweet 16 Update - September 22
Posted: Sat Sep 22, 2012 12:31 pm
A spreadsheet that compares my Fair Value Estimate for each company in the growth portfolio to the current First Call Price Targets has been posted under the Sweet 16 Tab. You should all take the time to look at this chart each week.
Except for PetroBakken (PBKEF), all of the Sweet 16 share prices pulled back with oil prices last week. PetorBakken is up 24.5% since being added back to the Sweet 16 on July 1, 2012. It is going to report strong production growth for the next two quarters as their drilling program in the Cardium starts to bear fruit. PetroBakken pays a very nice monthly dividend.
Now that Exxon has taken down DNR's Bakken acreage, whose next? My top "Takeover Targets" are now WLL, OAS and KOG.
Rumors are going around that Shell is very interested in WLL.
CRZO is going to report strong Eagle Ford results for Q3. Friday's closing price is an excellent entry price for CRZO.
I will be moving PXP back to the Watch List at the end of the month. It will probably flop around in the $40 range until the market figures out what the acquisition from BP really means.
If GPOR continues to announce strong results on their Utica Shale wells, the share price has a lot of upside from here.
Except for PetroBakken (PBKEF), all of the Sweet 16 share prices pulled back with oil prices last week. PetorBakken is up 24.5% since being added back to the Sweet 16 on July 1, 2012. It is going to report strong production growth for the next two quarters as their drilling program in the Cardium starts to bear fruit. PetroBakken pays a very nice monthly dividend.
Now that Exxon has taken down DNR's Bakken acreage, whose next? My top "Takeover Targets" are now WLL, OAS and KOG.
Rumors are going around that Shell is very interested in WLL.
CRZO is going to report strong Eagle Ford results for Q3. Friday's closing price is an excellent entry price for CRZO.
I will be moving PXP back to the Watch List at the end of the month. It will probably flop around in the $40 range until the market figures out what the acquisition from BP really means.
If GPOR continues to announce strong results on their Utica Shale wells, the share price has a lot of upside from here.