Energy Prospectus

Looking good! Read what they are saying about SCOOP. That is rapidly turning into another core area of significant growth potential. I will update my forecast model tonight. - dan

Record Production Totaling 121,500 Boe per Day for First Quarter 2013, an Increase of 14% Sequentially and 42% Compared to First Quarter 2012
Company Reports Adjusted Net Income for First Quarter 2013 of $215 Million, or $1.17 per Diluted Share; Record EBITDAX of $622 Million, an Increase of 5% Compared to Fourth Quarter 2012 and 37% Compared to First Quarter 2012
Three Recent Successful Lower Three Forks Completions Announced; SCOOP Production Doubles Quarter over Quarter on Strong Wells

They are on-track to my forecast of $2.4 Billion in cash flow this year. - Dan

An updated forecast model for CLR has been posted under the Sweet 16 Tab. With more than 35% production growth expected for both 2013 and 2014, this mid-cap deserves to trade a very high multiple. I have increased my Fair Value Estimate to $120.70/share.

Firsts Call's Price Target is $99.13, but that should continue to drift higher as they report quarter after quarter of strong production growth.

CLR has a lot of production hedges, so do not pay any attention to reported EPS since the mark-to-market adjustments on the hedges make reported earnings worthless. In fact, don't even look at EPS. Cash Flow per share is what pays the bills and CLR is on-track to generate close to $14 CFPS this year.

Take a look at what they are saying about SCOOP in south central Oklahoma. That project is quickly becoming a major core area of growth with years of running room.