OEDV

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dan_s
Posts: 37392
Joined: Fri Apr 23, 2010 8:22 am

OEDV

Post by dan_s »

There was heavy buying in Osage Exploration & Development (OEDV) right out of the gate this morning. Check out my forecast model under the Watch List Tab to see why it is drawing more attention.
Dan Steffens
Energy Prospectus Group
dan_s
Posts: 37392
Joined: Fri Apr 23, 2010 8:22 am

Re: OEDV

Post by dan_s »

I just logged on to Energy Investor and see that OEDV is their top recommendation today.
Dan Steffens
Energy Prospectus Group
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: OEDV

Post by setliff »

the heavy buying volume actually started yesterday just minutes before the close.
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: OEDV

Post by setliff »

up 16% on 2nd highest volume since just after it went public in 2008.
dan_s
Posts: 37392
Joined: Fri Apr 23, 2010 8:22 am

Re: OEDV

Post by dan_s »

The stock was $0.90 on August 6. Quite a run to the $1.53 close today.

Slawson has two rigs running in the Logan County joint venture. They should be completing 6-8 high rate horizontal wells per quarter. I think Slawson intends to bring a 3rd rig into the play by the end of this quarter.
Dan Steffens
Energy Prospectus Group
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