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OEDV
Posted: Thu Aug 29, 2013 9:13 am
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.
Re: OEDV
Posted: Thu Aug 29, 2013 9:20 am
by dan_s
I just logged on to Energy Investor and see that OEDV is their top recommendation today.
Re: OEDV
Posted: Thu Aug 29, 2013 9:39 am
by setliff
the heavy buying volume actually started yesterday just minutes before the close.
Re: OEDV
Posted: Thu Aug 29, 2013 3:08 pm
by setliff
up 16% on 2nd highest volume since just after it went public in 2008.
Re: OEDV
Posted: Thu Aug 29, 2013 3:39 pm
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.