Thursday, September 19, 2013

Oasis Leads Energy Companies With Top Fundamentals -- IBD

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IBD is reporting:
The shale boom in the U.S. has helped boost stocks in the energy sector from large integrated oil and gas companies to oilfield service providers to refiners.
Sanchez Energy, Oasis Petroleum, Rosetta Resources, and U.S. Silica are energy-related companies featured on IBD's Top Fundamentals Screen Of The Day.
The screen lists stocks with three-year EPS and sales growth rates of 25% or higher, trading at least 400,000 shares a day and within 30% of their 52-week highs.
More:
Oasis Petroleum is an independent driller that uses horizontal drilling techniques to get fuel out of the Bakken Shale field in the Dakotas and Canada. Oasis has a 140% three-year EPS growth rate and a 131% three-year sales growth rate.
On Sept. 5, the company announced it purchased four assets in the Williston Basin for $1.5 billion. The deal was for 492,000 acres with recent production of approximately 43,000 barrels of oil equivalent per day.
Shares are up 44% in the year to date.

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