Sweet 16 Valuations
Posted: Fri Dec 12, 2014 4:15 pm
I have updated everything under the Sweet 16 Tab, including updates to all 16 individual forecast models.
You should all look real hard at the schedule of hedges in place for 2015.
Most of my valuations are close to the current First Call Price Targets.
> Stocks trading at less than 1/3 my valuation are OAS, SN, SM and WLL.
> NFX has 80% of their 2015 oil hedged at good prices, plus it has a good production mix
> RRC is safest bet with so much natural gas production and the lowest cash costs per boe (less than $1.25/mcfe). Only 5% of RRC's production is crude oil and they are 88% hedged anyway.
> GPOR and UNT are "gassers", so the big selloff doesn't make much sense
I will be updating everything under the Watch List and MLP tabs this weekend.
You should all look real hard at the schedule of hedges in place for 2015.
Most of my valuations are close to the current First Call Price Targets.
> Stocks trading at less than 1/3 my valuation are OAS, SN, SM and WLL.
> NFX has 80% of their 2015 oil hedged at good prices, plus it has a good production mix
> RRC is safest bet with so much natural gas production and the lowest cash costs per boe (less than $1.25/mcfe). Only 5% of RRC's production is crude oil and they are 88% hedged anyway.
> GPOR and UNT are "gassers", so the big selloff doesn't make much sense
I will be updating everything under the Watch List and MLP tabs this weekend.