SM Energy (SM)
Posted: Fri Dec 27, 2013 6:10 pm
An updated Net Income & Cash Flow Forecast has been posted under the Sweet 16 Tab.
I have increased my Fair Value Estimate to $150/share.
> I like the sale of their Anadarko Basin asset, which shores up the balance sheet
> Focus on Eagle Ford and Bakken improves their production mix
> I think their production guidance is very conservative. I expect at least the top end of the guidance.
Q1 revenues will get a big boost from increasing natural gas prices.
I have increased my Fair Value Estimate to $150/share.
> I like the sale of their Anadarko Basin asset, which shores up the balance sheet
> Focus on Eagle Ford and Bakken improves their production mix
> I think their production guidance is very conservative. I expect at least the top end of the guidance.
Q1 revenues will get a big boost from increasing natural gas prices.