Seeking Alpha

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.
Comments (3)
  • bot some at 38.96. i'm assuming they won't go broke.
    4 Feb, 12:40 PM Reply Like
  • @Rat: Great entry.

     

    It takes money to make money, and OAS is printing it as fast as the Fed.
    4 Feb, 02:06 PM Reply Like
  • unfortunately it' s not my entry. I'm adding to my position
    4 Feb, 02:37 PM Reply Like
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