Carrizo Oil & Gas (CRZO)
Posted: Mon Aug 19, 2013 11:42 am
An updated forecast model for CRZO has been posted under the Watch List Tab. They beat my Q2 forecast by a good margin and Q3 and Q4 look very good to me now. Oil production will be up more than 45% this year.
I have raised my Fair Value Estimate to $42.00, primarily because they are rapidly proving up a bunch of oil reserves in the Eagle Ford. Year-end reserve report should be impressive.
The stock is now trading for less than 4X my 2013 CFPS estimate, which is extremely low for a company of this quality.
I have raised my Fair Value Estimate to $42.00, primarily because they are rapidly proving up a bunch of oil reserves in the Eagle Ford. Year-end reserve report should be impressive.
The stock is now trading for less than 4X my 2013 CFPS estimate, which is extremely low for a company of this quality.