ROSE
Posted: Thu Jan 29, 2015 7:04 pm
An update Net Income & Cash Flow Forecast model for Rosetta Resources (ROSE) has been posted to the website.
One of the great features of our new website is that you can view the entire forecast model without downloading it to Excel. You can even see all of my notes about hedges at the bottom. All you have to do is log on and you will see it on the home page.
I am going over all of the forecast models before we publish the next edition of The View From Houston. We are shooting for Monday.
My Fair Value Estimate for ROSE is now $47.45, compared to First Call's Price Target of $31.05.
Note that ROSE expects to increase production by 20% YOY in 2015, despite a reduced capital budget. More than half of the company's 2015 oil production is hedged at $89.81/bbl, so they are in good shape to weather a period of depressed oil prices. They also have more than half of their natural gas hedged at prices well above the strip.
One of the great features of our new website is that you can view the entire forecast model without downloading it to Excel. You can even see all of my notes about hedges at the bottom. All you have to do is log on and you will see it on the home page.
I am going over all of the forecast models before we publish the next edition of The View From Houston. We are shooting for Monday.
My Fair Value Estimate for ROSE is now $47.45, compared to First Call's Price Target of $31.05.
Note that ROSE expects to increase production by 20% YOY in 2015, despite a reduced capital budget. More than half of the company's 2015 oil production is hedged at $89.81/bbl, so they are in good shape to weather a period of depressed oil prices. They also have more than half of their natural gas hedged at prices well above the strip.