Energy Prospectus

I am not ignoring you guys. I am just updating all of the Sweet 16 forecast models to assume $85 WTI for all of 2015. It takes awhile to consider regional differentials and each companies hedges. BTW most of the Sweet 16 have active hedging programs, so they are not being killed by the oil price dip as much as Wall Street thinks they are. For example, I just updated OAS and I see that they have over 60% of their oil production for the first half of 2015 hedged at over $90/bbl. My FVE for OAS dips to $63.70, compared to First Call's price target of $61.08 when I assume their realized oil price for Q4 and all of 2015 will be $80/bbl.

I will be posted updated forecast models for each company under the Sweet 16 Tab today and tomorrow. May take me all weekend to finish. BCEI and OAS are available now.