Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: Oasis' New Acreage Is A Stacked Play With Further Downspacing

Oasis Petroleum (NYSE:OAS) has been a Bakken outperformer in 2013. It continues to reel in costs and beat on the bottom line. Like Triangle Petroleum (NYSEMKT:TPLM), it has a pressure pumping and midstream business. This has kept costs low. Oasis also continues to improve initial production rates. Like Kodiak (NYSE:KOG), it is a Bakken pure play, and its leasehold is in a unique area that has a much larger value than the Street gives it credit. Its most recent acquisition solidifies Oasis' position west of Nesson. This is important, as the majority of this could be best in play with respect to downspacing. Like Kodiak's Liberty acquisition, this purchase could make or break Oasis'

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