Concho Resources (CXO)
Posted: Mon Feb 24, 2014 2:17 pm
I just finished updating our profile and forecast model for CXO. I am increasing my Fair Value Estimate $16.25/share to $146.25.
I now believe their aggressive low-risk horizontal drilling program will increase revenues and proven reserves much faster than what First Call is expecting. First Call's price target is $130.53.
I hope to send out the updated profile and forecast model via Flash Alert today.
I now believe their aggressive low-risk horizontal drilling program will increase revenues and proven reserves much faster than what First Call is expecting. First Call's price target is $130.53.
I hope to send out the updated profile and forecast model via Flash Alert today.