OAS

[davidc257]

Why the beating today? The report didn't look bad to me.

[danross70]

I agree as to the report not being bad. I think we are seeing some "sell on the news" reactions by traders.

[setliff]

sell on the news---ithought that too, but usually when that occurs there has been a runup prior.

this didn't happen, so ???

[ko10068]

UBS Maintains a 'Neutral' on Oasis Petroleum (OAS); 4Q Volume Light; 2012 Guidance Disappoints
12:31 pm ET 01/27/2012 - Street Insider

UBS maintains a 'Neutral' on Oasis Petroleum (NYSE: OAS) price target lowered from $36 to $34.

UBS analyst says, "4Q production well below consensus...Meanwhile, 2012 capex of $884 MM was above consensus of $790 MM & UBSe of $850 MM. Given lower production forecast & higher G&A expense, we lowered 12- 13 EPS/CFPS to $1.80/$4.55 & $2.55/$6.45 from $2.15/$5.30 & $2.90/$7.20."

"Proved reserve grew 98% YoY to 78.7 MMBoe, but was 10% below UBS estimate...Given lower production forecast & higher G&A expense, we lowered 12- 13 EPS/CFPS to $1.80/$4.55 & $2.55/$6.45 from $2.15/$5.30 & $2.90/$7.20."

Shares of Oasis Petroleum closed at $33.95 yesterday, with a 52 week range of $17.99-$36.15.