Sweet 16 - Final Scorecard for 2013
Posted: Tue Dec 31, 2013 5:50 pm
Our Sweet 16 Growth Portfolio finished the year up 36.16% (not including dividends). This compares to the S&P 500 Index which was up 29.60%. It was a heck of a year for equity investors.
Final Scores:
XEC up 81.73% < Who guessed Cimarex would lead the pack?
GPOR up 65.18% < Gulfport is now up 451.35% since being added to the S-16 on 1-1-2010 & still has lots of upside
SM up 59.18%
BCEI up 56.42%
CLR up 53.11%
OAS up 47.70%
WLL up 42.66%
EOG up 38.95%
RRC up 34.19% < our #1 "gasser" in the S-16
CXO up 34.06%
GTE up 32.67%
KOG up 26.67%
UNT up 14.58%
ROSE up 5.98%
DNR up 1.42%
EXXI down 15.92%
After seeing 3rd quarter results and adjusting my forecast models, I was expecting a stronger finish but we had a major pullback in the sector late November. It was primarily driven by fear of falling crude oil prices, which has not happened. Fear was driven by the surprise deal Obama made with Iran, which still makes me mad for several reasons.
IMO crude oil prices should hold up well in 2014 unless there is a significant slowdown in the global economy. WTI will probably pull back in Q2 due to normal seasonal softening of demand. There is very strong support at $88/bbl, which should hold. Saudi Arabia is in total control of Brent and I think they will defend $100/bbl and they really prefer $110/bbl. WTI will continue to trade at an estimated $15/bbl to Brent, which may widen if Washington refuses to allow any crude exports.
The final Sweet 16 spreadsheet for 2013 will be posted under the Sweet 16 shortly.
I will have the NEW Sweet 16 for 2014 spreadsheet posted on New Years Day.
Happy New Year! Let's all hope we can improve on the nice earnings we had in 2013. It was a darn good year, but we can do better.
Thanks for your support, it is definitely appreciated.
Final Scores:
XEC up 81.73% < Who guessed Cimarex would lead the pack?
GPOR up 65.18% < Gulfport is now up 451.35% since being added to the S-16 on 1-1-2010 & still has lots of upside
SM up 59.18%
BCEI up 56.42%
CLR up 53.11%
OAS up 47.70%
WLL up 42.66%
EOG up 38.95%
RRC up 34.19% < our #1 "gasser" in the S-16
CXO up 34.06%
GTE up 32.67%
KOG up 26.67%
UNT up 14.58%
ROSE up 5.98%
DNR up 1.42%
EXXI down 15.92%
After seeing 3rd quarter results and adjusting my forecast models, I was expecting a stronger finish but we had a major pullback in the sector late November. It was primarily driven by fear of falling crude oil prices, which has not happened. Fear was driven by the surprise deal Obama made with Iran, which still makes me mad for several reasons.
IMO crude oil prices should hold up well in 2014 unless there is a significant slowdown in the global economy. WTI will probably pull back in Q2 due to normal seasonal softening of demand. There is very strong support at $88/bbl, which should hold. Saudi Arabia is in total control of Brent and I think they will defend $100/bbl and they really prefer $110/bbl. WTI will continue to trade at an estimated $15/bbl to Brent, which may widen if Washington refuses to allow any crude exports.
The final Sweet 16 spreadsheet for 2013 will be posted under the Sweet 16 shortly.
I will have the NEW Sweet 16 for 2014 spreadsheet posted on New Years Day.
Happy New Year! Let's all hope we can improve on the nice earnings we had in 2013. It was a darn good year, but we can do better.
Thanks for your support, it is definitely appreciated.