Upgrades
Re: Upgrades
Continental Resources Started at Positive by Susquehanna >CLR
Devon Energy Started at Positive by Susquehanna >DVN
Range Resources Corp Started at Positive by Susquehanna >RRC
Gulfport Energy Started at Positive by Susquehanna >GPOR
Oasis Petroleum Started at Neutral by Susquehanna >OAS
I am hearing a lot of concern about the smaller Bakken companies. I will be taking a hard look at all of them after I get Q3 results. OAS should be fine. They have a lot of their leasehold already held by production and they can scale back their drilling program if oil prices stay depressed for a long time. Based on my forecast model, they will be fine even if WTI remains at $80/bbl (which IMHO is not going to happen).
Devon Energy Started at Positive by Susquehanna >DVN
Range Resources Corp Started at Positive by Susquehanna >RRC
Gulfport Energy Started at Positive by Susquehanna >GPOR
Oasis Petroleum Started at Neutral by Susquehanna >OAS
I am hearing a lot of concern about the smaller Bakken companies. I will be taking a hard look at all of them after I get Q3 results. OAS should be fine. They have a lot of their leasehold already held by production and they can scale back their drilling program if oil prices stay depressed for a long time. Based on my forecast model, they will be fine even if WTI remains at $80/bbl (which IMHO is not going to happen).
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group