Sweet 16 Growth Portfolio: An updated Net Income & Cash Flow Forecast model for SM Energy (SM) has been posted under the Sweet 16 Tab.
If you want to add more exposure to natural gas, I suggest you take a hard look at SM Energy. It is highly leveraged to gas right now but their oil production is going up fast. That is why I added it to the S-16.
SM uses the Successful Efforts method of accounting, which is very conservative. So, do not focus on earnings per share. Check out their cash flow per share. If you look at the bottom of my forecast model you will find my CFPS forecast for the next three years and the First Call cash flow forecasts.
First Call's 12-month price target for SM is $73.17 per share. I'm not quite that high, yet.