Build Your Portfolio On A Solid Foundation : All You Need To Succeed – in 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic:

Building Your Apprentice

Millionaire Portfolio

 All you need to succeed in today’s stock market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

All You Need To Succeed – in 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic:

Building Your Apprentice

Millionaire Portfolio

 

 All you need to succeed in today’s stock market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

All You Need To Succeed – in 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today’s stock market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

The Need To Succeed – in 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your

Apprentice Millionaire Portfolio :

All you need to succeed in today’s stock

market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

Step Up Your Game – All You Need To Succeed – in 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your

Apprentice Millionaire Portfolio:

All you need to succeed in today’s stock

market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

Comstock Resources

Schematic E-W section showing the Eagle Ford S...

Schematic E-W section showing the Eagle Ford Shale among the geological strata beneath the DFW Metroplex (Photo credit: Wikipedia)

Comstock Resources

CRK : NYSE : US$14.39
BUY 
Target: US$26.00

COMPANY DESCRIPTION:
Comstock Resources is an exploration and production company focused on development of the Eagle Ford Shale, the Permian Basin and the Haynesville Shale.

Investment thesis


We are lowering our target price $1 to $26 per share due to the base effect of appreciably less than expected fourth quarter oil production.
Normalized for ~750 Bopd of curtailed production due to offset well stimulation in the Eagle Ford and artificial lift installation in the Eagle Ford and Wolfbone programs, oil production in the fourth quarter would have been ~6,850 Bopd versus our expectation of ~7,700 Bopd
Our ’13 oil growth expectation of ~43% is toward the low end of company guidance (40%-60%), while we anticipate gas production declines ~25%,
which is at the midpoint of guidance (22%-28%).

Comstock offers modestly greater CFPS growth (’12-’14E) relative to the sector though trades at 20%+ discount (’13E EBITDA). CRK has ~80%
potential upside to our target price versus ~30% upside for the group.
Investment highlights
Elevated leverage should subside as an investor concern over the next year At year-end, Comstock’s net debt-to-EBITDA was ~4x, though should fall toward 3x by the end of this year, and decline below 3x in ’14E.
Solid Eagle Ford/Wolfbone results, encouraging industry Wolfcamp test In 3Q/12, Comstock completed six Eagle Ford wells that commenced at an
average of ~800 Boepd, suggesting a recovery of 500+ Mboe. Vertical Wolfbone wells have commenced at an average of ~350 Boepd and recover ~200 Mboe for a cost of ~$4.5 million. A recent nearby industry horizontal Wolfcamp test (~3,600’ lateral, 20 frac stages) produced ~950 Boepd the first 30 days, implying a recovery of ~700 Mboe.
Overall capital productivity increases ~7% with Eagle Ford JV The company’s Eagle Ford JV assigns a one-third interest in the next 100 wells for the equivalent of $25k per acre. Assuming 80-acre well spacing, the partner pays $0.67 million and receives a one-third interest in each well. In essence, the JV funds ~7% (~$30 million per annum) of the company’s capital spending.

All You Need To Succeed – in 2013 – 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your Apprentice Millionaire Portfolio :

All you need to succeed in today’s stock market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

Comstock Resources Target $ 27

Comstock miners, 1880s. Caption on original: &...

Comstock miners, 1880s. Caption on original: “To Labor is to Pray.” (Photo credit: Wikipedia)

Comstock Resources

CRK : NYSE : US$14.72
BUY  Target: US$27.00

COMPANY DESCRIPTION:
Comstock Resources is an exploration and production company focused on development of the Eagle Ford Shale, the Permian Basin and the Haynesville Shale.

Investment recommendation


After two days of investor meetings, management seems highly aware of the need to drive cost improvement into their vertical Wolfbone program
in Reeves County and grow/execute into their leveraged cap structure.
In ’13, we expect the company to deliver ~40% oil production growth, while Comstock indicated oil production should increase 40%-60% this
year. For every 5% of incremental oil production growth (~$420 million capital plan), we believe fair value increases ~15%.
Comstock offers modestly stronger CFPS growth (’12-’14E) relative to the sector though trades at ~20% discount (’13E EBITDA). Accordingly, CRK
has ~80% upside to our target price versus ~30% upside for the group. Elevated leverage should subside as an investor concern over the next year
At year-end, Comstock’s net debt-to-EBITDA was ~3.7x, though should fall to almost 3x by the end of this year and decline below 3x in ’14. In ’13, assuming ~$420 million in capital spending, the company’s negative FCF disposition is ~20%, whereas the industry is ~30% FCF negative.
Solid Eagle Ford/Wolfbone results, encouraging industry Wolfcamp test Last quarter, Comstock completed six Eagle Ford wells that commenced
at an average of ~800 Boepd, suggesting a recovery of 500+ Mboe. Since acquiring acreage in Reeves County, Comstock has completed 20 vertical
Wolfbone wells, which have commenced at an average of ~350 Boepd and should recover ~200 Mboe for a cost of ~$4.5 million. A recent nearby industry horizontal Wolfcamp test (~3,600′ lateral, 20 frac stages) commenced at ~950 Boepd, implying a recovery of ~700 Mboe.
Overall capital productivity increases ~5% with Eagle Ford JV The company’s Eagle Ford joint venture assigns a one-third interest in the next 100 wells for the equivalent of $25k per acre. Assuming 80-acre well spacing, the partner pays $0.67 million per well and receives a one third interest in each well. The joint venture in essence funds ~5% (~$20 million per annum) of the company’s capital spending.

The Discilpline To Profit :All You Need To Succeed – in 500 pages of Investing Strategy and Selections

The selections given are all guided by the AMP book.

I am puzzled how many readers expect to profit if they don’t know the  underlying strategy/ sector and individual selection criteria .

You cannot ” win” unless you know the rules of the game . Gambling that one selection will better your average is not a strategy at all.

I is notas difficult as brain surgery – you need a long term strategy and the selections that meet that strategy.

 

Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your

Apprentice Millionaire Portfolio:

All you need to succeed in today’s stock

market [Paperback]

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping

All You Need To Succeed THIS YEAR – 500 pages of Investing Strategy and Selections


Stock Market Magic: Building Your Apprentice Millionaire Portfolio 2012: All you need to succeed in today's stock market

Available at http://www.amazon.com

Stock Market Magic: Building Your

Apprentice Millionaire Portfolio

All you need to succeed in today’s stock market

Jack A. Bass (Author)

5.0 out of 5 stars  See all reviews (2 customer reviews) | Like 1678

Price: $28.95 & this item ships for FREE with Super Saver Shipping
Follow

Get every new post delivered to your Inbox.

Join 2,099 other followers