ROSE
Posted: Fri Dec 27, 2013 5:33 pm
An updated Net Income & Cash Flow Forecast model for Rosetta Resources (ROSE) has been posted under the Sweet 16 Tab.
The share price ran up to over $60 for a few days in early November then pulled back with the rest of the pack. I'm trying to decide if I want to keep it in the Sweet 16, so I took a very hard look at my forecast model today. I adjusted my Fair Value Estimate to $74/share. Good results in the Permian Basin should draw more attention. Company guidance is for 26% production growth in 2014.
ROSE closed today at $48.07.
They did report some weather and 3rd party facility related production issues in Q4. All short-term stuff, so buy the dip.
ROSE will stay in the Sweet 16 for another year.
The share price ran up to over $60 for a few days in early November then pulled back with the rest of the pack. I'm trying to decide if I want to keep it in the Sweet 16, so I took a very hard look at my forecast model today. I adjusted my Fair Value Estimate to $74/share. Good results in the Permian Basin should draw more attention. Company guidance is for 26% production growth in 2014.
ROSE closed today at $48.07.
They did report some weather and 3rd party facility related production issues in Q4. All short-term stuff, so buy the dip.
ROSE will stay in the Sweet 16 for another year.