Today I am double checking and updating each of the Sweet 16 forecast models. I will post commentary last today or on Sunday.
You can find our updated profiles and current forecast models under the Sweet 16 tab. You must log on to see the current info. After you log on, click on the Sweet 16 Tab, then click on the logo of the company you are interested in.
Sweet 16
Re: Sweet 16
I urge you all to take a hard look at my updated forecast model for Devon Energy (DVN), which I just posted under the Sweet 16 tab.
My Fair Value Estimate has increased to $100.30 and it is based on a multiple of just 6X CFPS. I could easily justify a much higher valuation.
I think the market still thinks of Devon as a "gasser", but they are rapidly increasing their liquids production. You should all consider this one a "Core Holding".
My Fair Value Estimate has increased to $100.30 and it is based on a multiple of just 6X CFPS. I could easily justify a much higher valuation.
I think the market still thinks of Devon as a "gasser", but they are rapidly increasing their liquids production. You should all consider this one a "Core Holding".
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group