Oasis Petroleum (OAS)

[dan_s]

Oasis Petroleum (OAS): An updated company profile for OAS has been posted under the Sweet 16 Tab.

Oasis Petroleum (OAS) is currently a pure play on the Williston Basin Bakken Shale / Three Forks Play in North Dakota and Eastern Montana. It is heavily weighted to oil. The company has a large, concentrated acreage position with a significant low risk development drilling inventory. It has substantial upside potential with known catalysts, a growing production profile, and management with resource play execution experience.

Oasis’ large de-risked acreage position in the Bakken Shale makes it a prime takeover target for any large-cap seeking to get into this world class oil play.

The company's production guidance for 2012 is for 90% year-over-year growth. It has high double-digit production growth locked in for several years.

[prince_jake_33]

Thanks for the support here.

[dan_s]

CLR, WLL and OAS should all report strong 2nd quarter results. Realized oil prices in April & May were higher than what they got in Q1. OAS has incredible production growth of 90% locked in.