Carrizo (CRZO)

[dan_s]

I just finished updating the profile for Carrizo Oil & Gas (CRZO). It is primarily an Eagle Ford company, but they will drill six wells in the Delaware Basin this year. They also have production and lots of running room in the DJ Basin (Niobrara), Marcellus and Utica. This company has been around for a long time and they have lots of experience with horizontal wells.

CRZO is currently trading at just 4X operating cash flow per share (based on my 2017 forecast)

First Call's cash flow per share forecasts:
2018: $8.36
2019: $10.09
2020: $10.35

Production will be up 18% to 20% in 2017, with oil production growth over 26%. 20% annual production growth after 2017 is expected.