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OAS
Posted: Fri Jun 14, 2013 2:41 pm
by dan_s
NEW YORK (TheStreet) -- Oasis Petroleum (NYSE:OAS) hit a new 52-week high Friday as it is currently trading at $41.69, above its previous 52-week high of $41.61 with 653,808 shares traded as of 12:20 p.m. ET. Average volume has been 1.4 million shares over the past 30 days
Re: OAS
Posted: Sun Jun 16, 2013 1:29 pm
by ghrcap
Re: OAS
Posted: Sun Jun 16, 2013 4:33 pm
by dan_s
OAS leads the pack because it is going to generate incredible production growth this year. You can find my production forecast for each company at the bottom of the Net Income and Cash Flow Forecast model for each company. OAS has a rock solid team and some very good acreage in the Williston Basin. In addition to the Bakken they have a lot of upside in the Three Forks.
OAS is doing a good job of getting their Bakken well costs down.
XEC is more of a comeback story. The stock price was down all of last year, but it has really come on since mid-January. XEC, CXO and AREX are my top picks in the Permian Basin. EOG is also getting a lot of good wells in the Permian, but it is primarily an Eagle Ford company.