Oasis Petroleum -5.2% as big 2014 production goals mean big spending

Investors aren't happy with Oasis Petroleum's (OAS -5.2%) plans to increase spending significantly this year to ramp up production.

OAS plans to spend $1.43B in 2014, a 40% Y/Y increase, to achieve its goal of producing 46K-50K boe/day from 33,904 boe/day in 2013.

For the year, OAS expects to complete 205 Bakken wells, up from 136 last year.

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Comments (3)
  • PalmDesertRat
    , contributor
    Comments (3798) | Send Message
    bot some at 38.96. i'm assuming they won't go broke.
    4 Feb 2014, 12:40 PM Reply Like
  • Jack Hutchison
    , contributor
    Comments (522) | Send Message
    @Rat: Great entry.


    It takes money to make money, and OAS is printing it as fast as the Fed.
    4 Feb 2014, 02:06 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3798) | Send Message
    unfortunately it' s not my entry. I'm adding to my position
    4 Feb 2014, 02:37 PM Reply Like
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