Energy Prospectus

May 5 at 11:39 PM

from seeking alpha---
Oasis Petroleum beats by $0.02, beats on revenue • 12:38 AM
•Oasis Petroleum (OAS): Q1 EPS of $0.65 beats by $0.02.
•Revenue of $349.5M (+40.8% Y/Y) beats by $12.48M.

COVERAGE REITERATED: Oasis Petroleum (OAS) reiterated by Topeka Capital Markets. Reiterated rating Buy.
BRIEFING.COM 7:38 AM ET 5/6/2014

On March 5, 2014, the Company completed the Sanish Divestiture for cash proceeds of approximately $321.9 million, including, and subject to further, customary post close adjustments, and recognized a gain of $183.4 million.

I should have the forecast model updated by noon. I think OAS will be a BIG WINNER for us the rest of this year. They beat my forecast and Q2 is already looking good.

Additionally, the Company had 15 rigs running and had a backlog of gross operated wells waiting on completion of 25 wells in West Williston and 22 wells in East Nesson as of March 31, 2014.

They are going to have a lot of these wells on-line by end of Q2. Q3 production should really jump.

Oasis Petroleum (OAS): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.

My Fair Value Estimate is $70.50/share. It will be going up if they keep beating my production forecast. As posted above, they should be completing a lot of high rate wells this quarter, so 2nd half production should ramp up sharply.

from another board:
https://rbcnew.bluematrix.com/docs/pdf/ ... f6e5a7.pdf?

I get an error from that url---what does it say?

hm... - I just checked -the link works for me...
anyway...

RBC Capital Markets:
target: U$ 58 (downside scenario: U$ 35; upside scenario: U$ 70)
cfps: 14E: U$ 9.36; 15E: U$ 12.14

thx, its probably me--i'm getting broke in to windows 8.1 and it is driving me crazy!