Energy Prospectus

Energy & Power

Oil & Gas Exploration & Production

EOG (Buy/$200.00 TP; $180.40): 4Q Slight Positive; 2014 Guidance Slight Negative; Maintain Buy
JONE (Buy/$20.00 TP; $18.04): 4Q13 Production In-Line, 2014 Guidance Down
ROSE (Buy/$65.00 TP; $47.25): Inline Quarter; Maintain Buy
EQT (Buy/$115.00 TP; $101.79): Increasing Target Price; E&P Valuation; Gas Sensitivity

•Rosetta Resources downgraded by Howard Weil

I sure don't understand this downgrade. Q4 results were in line with my forecast model and ROSE is holding to guidance of 26% increase in production for 2014. Based on my forecast model, Q1 results should top the current First Call EPS forecast. They will get a nice revenue boost from natgas prices in Q1.