Friday, February 1, 2013

Oasis Surges Almost 5% Today

Disclaimer: this is not an investment site. The "welcome" explains why I follow the market with regard to the Bakken.

Having said all that, Oasis has surged almost 5% in early trading. Earlier, I updated the "Snapshot" of Oasis.

It's interesting to see the five companies Wall Street Cheat Sheet highlights today. One of them: Oasis --
Jefferies raised their price target for Oasis Petroleum on expectations that the company’s reserves could grow 41% in 2013 and 27% in 2014.
I assume most/many/other/some/ Bakken-centric companies wills show similar growth in reserves.

I also see that the price of crude oil has turned green, though it is pretty much flat for the day.

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