when you do the weekly summary of the sweet 16 with FV, !st call, current price etc. (you call it tab 2 of the sweet 16 growth portfolio) could you add a column that shows delta of FV prior to 3q reports and after?
jim
dan --a request
Re: dan --a request
No. You are on your own for that. I just don't keep track of it.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: dan --a request
ok, I understand. then could you just leave prior FVs on the change the cash flow spread sheets?
while I realize this should not be a make or break parameter it does help determine a company's near term direction.
while I realize this should not be a make or break parameter it does help determine a company's near term direction.
Re: dan --a request
I will be posting an updated Sweet 16 spreadsheet with all of my Fair Value Estimates updated after the markets close today. If you go out on the website right now you can print off the last Sweet 16 spreadsheet. Then you can see the changes from week to week in my valuations.
Actually, all of the Sweet 16 reported rock solid Q3 results and I now have a lot more confidence in my Q4 forecasts. They are all doing fine. They have a lot of their oil hedged at prices above the current strip. Combined with natural gas and NGL prices that are drifting higher with the approach of winter, all 16 companies are going to report Q4 results that may surprise the market a bit.
For the Sweet 16 as a group:
Earning per share:
2013A = $38.32
2014E = $59.54
2015E = $47.85 < Assuming $3.50/mcf for Henry Hub natural gas and $80/bbl for WTI oil price
As you can see above, all the "gloom and doom" you hear is not that bad for high quality companies like this. BTW my EPS forecasts for 2015 are below the First Call Estimates for almost every company.
Actually, all of the Sweet 16 reported rock solid Q3 results and I now have a lot more confidence in my Q4 forecasts. They are all doing fine. They have a lot of their oil hedged at prices above the current strip. Combined with natural gas and NGL prices that are drifting higher with the approach of winter, all 16 companies are going to report Q4 results that may surprise the market a bit.
For the Sweet 16 as a group:
Earning per share:
2013A = $38.32
2014E = $59.54
2015E = $47.85 < Assuming $3.50/mcf for Henry Hub natural gas and $80/bbl for WTI oil price
As you can see above, all the "gloom and doom" you hear is not that bad for high quality companies like this. BTW my EPS forecasts for 2015 are below the First Call Estimates for almost every company.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group