Oasis Petroleum (OAS) has dipped below 4X my cash flow per share forecast for 2014. This is a high quality Bakken company with more than 50% annual production growth locked in for 2013 and forecast for 2014.
They are going to report strong Q4 results and a very impressive year-end reserve report. Tests within their acreage shows significant upside in the Three Forks.
IMO it is a "Screaming Buy" under $45.
First Call's target price is $58.58 and my valuation is $80.75. An updated forecast model has been posted under the Sweet 16 Tab.