Concho Resources (CXO)

[dan_s]

This one really looks good!

An updated Net Income & Cash Flow Forecast model has be posted under the Sweet 16 Tab.

My Fair Value Estimate has increased by $4.40 to $141.40/share. Compares to First Call's Price Target of $150.22.

It will be easy for me to justify a higher valuation once I see what I expect to be a VERY STRONG year-end proven reserve report.