Sweet 16 Changes

[dan_s]

I decided to add:
> PDC Energy (PDCE)
> Pioneer Natural Resources (PXD)

To make room, I have
> Dropped Southwestern (SWN). It is cheap on a valuation method, but future growth is in serious doubt. Heavily weighted to gas.
> Matador Resources is being moved back to the Small-Cap Growth Portfolio. Nothing wrong here. I just needed to make room.

Still being consider are:
> Occidental Petroleum (OXY)
> Noble Energy (NBL)

OXY and NBL are quite large and I need more time to analyze them.

PXD is a former Sweet 16 member that just got too expensive. It has now come back to below my valuation. Huge upside if oil prices rebound.
PDCE really impressed me at the EnerCom conference. It is one of the few mid-caps that has 30% YOY production growth forecast for 2016. Very good hedges in place for 2016 lock in strong cash flow from operations. I will publish a profile on it late next week. Their production is heading to 60,000 boepd in 2016.