Date Posted Date Description
March 25, 2014 April 13, 2014 Meter Reader: Cenovus Energy (CVE) - Oil Growth Slowed by Transit States
March 18, 2014 April 6, 2014 Meter Reader: Permian Basin RT (PBT) - Rising Oil, Understated Income
March 11, 2014 March 30, 2014 Meter Reader: Lukoil (LUKOY) - Economic Opportunity in Political Risk
March 4, 2014 March 23, 2014 Meter Reader: EOG Resources (EOG) - Raise NPV to $220 on Shale Leadership
February 25, 2014 March 16, 2014 Meter Reader: Cimarex (XEC) - More Upside Ahead
February 21, 2014 March 16, 2014 Dorchester Minerals (DMLP) - Raise NPV to $28 on Shale Oil
February 21, 2014 March 16, 2014 PDC Energy (PDCE) - Raise NPV to $75 on More Shale Oil
February 18, 2014 March 9, 2014 Meter Reader: Encana (ECA) - Leveraged to Natural Gas Price
February 13, 2014 March 9, 2014 Birchcliff Energy (BIREF) - Cash Flow Estimate Up 30%
February 11, 2014 March 2, 2014 Meter Reader: San Juan Basin RT (SJT) - Strategic Resources in a Cold Winter

Independent Stock Ideas
Recommendations of stocks for a diversified energy portfolio. New recommendations and changes in recommendations sent to clients first and posted here after a delay.

Meter Reader
A weekly analysis of energy stocks using the McDep Ratio (Market cap and Debt to present value of energy businesses). Buy/Sell recommendations listed in valuation tables.  Rank by McDep Ratio updated in each edition.



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Analyses are prepared from sources and data believed to be reliable, but no representation is made as to their accuracy or completeness.