Monday, May 5, 2014

For Investors Only: Bret Jensen On Oasis

Dividends/Distributions: five companies announced increased divs/dist including Penske Automotive
From Yahoo!InPlay and other sources: trading at 52-week highs today -- XOM, EPD (but pulled back after hours) (price target moved from $71 to $80; COP.

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A commentator I trust: Bret Jensen. Over at SeekingAlpha he writes:

Summary:
  • Oasis Petroleum is down some 15% from its highs late last year on a weather-related earnings disappointment.
  • This is a good entry point to accumulate shares, as the company is fairly cheap given its growth prospects.
  • Oasis has been also rumored to be a buyout candidate, could soon join the S&P 500, and reports earnings after the bell today.
One of the few energy stocks to not have a solid 2014 so far is Bakken play, Oasis Petroleum. The stock lost some ~15% from its highs late last year, before rebounding a bit recently. I added to my position at ~$42.50 a share. A good portion of the decline was triggered by an earnings miss in its last reported quarter.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

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EOG: 1Q14 earnings. Press release"Outstanding" -- EOG.

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