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OAS
Posted: Mon Dec 09, 2013 3:07 pm
by dan_s
I am working on my valuation model for Oasis Petroleum (OAS). I rate it a "Screaming Buy" at today's price because I think their year-end reserve report is going to be VERY GOOD. The stock is trading today below NAV based on their last reserve report. That is crazy for a company with this much good acreage in the Bakken. Read this.
http://seekingalpha.com/article/1883401 ... urce=yahoo
Re: OAS
Posted: Mon Dec 09, 2013 4:28 pm
by bearcatbob
Dan, Wall Street thinks oil will be selling for $70 in April.
Bob
Re: OAS
Posted: Mon Dec 09, 2013 7:14 pm
by dan_s
I can see WTI dipping to upper $80s this Spring, but you never know. Wall Street sure doesn't know where oil is going to be six months from now. NYMEX futures contract for June 2014 is $96/bbl.
OPEC (Saudi Arabia) will keep Brent over $100/bbl IMO.
Re: OAS
Posted: Mon Dec 09, 2013 7:25 pm
by dan_s
Oasis Petroleum (OAS): An updated profile and forecast model has been posted under the Sweet 16 Tab.
Re: OAS
Posted: Mon Dec 09, 2013 10:00 pm
by bearcatbob
dan_s wrote:I can see WTI dipping to upper $80s this Spring, but you never know. Wall Street sure doesn't know where oil is going to be six months from now. NYMEX futures contract for June 2014 is $96/bbl.
OPEC (Saudi Arabia) will keep Brent over $100/bbl IMO.
Of course they don't know - but for now they are playing a perception - and it is working.
FWIW - Wilson of HK stepped up and bought shares in his company - along with other members of the HK management team.