Sweet 16 Update - September 7
Posted: Fri Sep 06, 2013 8:08 pm
I looked over all of the Sweet 16 forecast models. I updated the models for Gulfport Energy (GPOR) and Oasis Petroleum (OAS), increasing my Fair Value Estimates for both companies.
You can see my forecast model for each company by logging onto the website, click on the Sweet 16 Tab and then click on the company's logo.
An Excel spreadsheet that shows my current Fair Value Estimate for each company compared to First Call's Price Target can also be found under the Sweet 16 Tab. It is important to note that the First Call price targets are somewhat dated. They are an average of all the analyst's forecasts that have been submitted to First Call. Some of those estimates are several months old. For example, the First Call price target that you see when you bring up OAS on Yahoo Finance does not include any of the upgrades submitted this week.
The S-16 was up about 5% this week. Each week that passes with oil over $100/bbl insures outstanding 3rd quarter results.
I will have a lot more on our model portfolio stocks in my newsletter, which comes out on Monday afternoon.
You can see my forecast model for each company by logging onto the website, click on the Sweet 16 Tab and then click on the company's logo.
An Excel spreadsheet that shows my current Fair Value Estimate for each company compared to First Call's Price Target can also be found under the Sweet 16 Tab. It is important to note that the First Call price targets are somewhat dated. They are an average of all the analyst's forecasts that have been submitted to First Call. Some of those estimates are several months old. For example, the First Call price target that you see when you bring up OAS on Yahoo Finance does not include any of the upgrades submitted this week.
The S-16 was up about 5% this week. Each week that passes with oil over $100/bbl insures outstanding 3rd quarter results.
I will have a lot more on our model portfolio stocks in my newsletter, which comes out on Monday afternoon.