CRZO

[setliff]

Carrizo Oil & Gas, Inc. sets a new 52-week high 06/19 08:36 AM

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Carrizo Oil & Gas, Inc. (CRZO:$28.88,00$0.03,000.10%) crossed above its 52-week high of $29.50 on 9:36 AM ET on June 19, 2013.

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it would be sweet to see a string of these
jim

[dan_s]

Carrizo Oil & Gas (CRZO): An updated Net Income & Cash Flow Forecast model has been posted under our Watch List Tab.

A total of 18 analysts follow CRZO and submit forecasts to First Call. So far, only a few have updated their forecast models to include the company's new production guidance. As they do, the EPS forecasts for both 2013 and 2014 will continue to drift higher.

Based on my forecast model, CRZO should generate over $8.50/share in cash flow this year from operations. Therefore, the current share price looks extremely cheap to me. If they reach their new production guidance, CRZO's share price deserves at least a 5X CFPS multiple.

My Fair Value Estimate can be found at the bottom of the forecast model. Just log on and click on the Watch List Tab to find it.

CRZO was recently moved from our Sweet 16 portfolio to the Small-Cap Growth Portfolio. As I said in the last newsletter, this move was strictly due to the market cap of the company and to make room in the S-16 for CXO. I have followed CRZO for over five year, have a lot of confidence in my forecast model, and I think it is very attractive at the current share price.