Oasis Petroleum (OAS)

[dan_s]

Highlights for the third quarter of 2013 include:
•Increased average daily production to 33,064 barrels of oil equivalent per day ("Boepd"), a 36% increase over the third quarter of 2012 and a 10% increase over the second quarter of 2013. < Beat my forecast by over 600 boepd.
•Increased revenue to $305.5 million in the third quarter of 2013, an increase of $120.8 million over the third quarter of 2012 and a sequential increase of $50.9 million over the second quarter of 2013.
•Completed and placed on production 38 gross (27.7 net) operated wells in the third quarter of 2013.
•Managed capital expenditures to $679.5 million year-to-date ending September 30, 2013, excluding expenditures associated with acquisitions.
•Grew Adjusted EBITDA to $219.6 million, an increase of $80.4 million over the third quarter of 2012 and a sequential increase of $34.1 million over the second quarter of 2013. For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net income and net cash provided by operating activities, see "Non-GAAP Financial Measures" below.

Outstanding Q3 results. I am working on the forecast model and will post it shortly. - Dan

[dan_s]

Oasis Petroleum (OAS): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.

My Fair Value Estimate has been increased $7.00/share to $71.00/share.

Q3 results beat my forecast like a drum and they raised their Q4 production guidance. They should be near 46,000 boepd by year-end, so my forecast of 53,000 boepd (87% crude oil) is starting to look too low. They announce they will be adding two more operated rigs full-time in 2014.

[dan_s]

Read This: http://seekingalpha.com/article/1816132 ... urce=yahoo

BTW I read a lot of articles from Seeking Alpha and IMO this is the best author.