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.

From other sites
Comments (3)
  • PalmDesertRat
    , contributor
    Comments (3736) | 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 (520) | 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 (3736) | Send Message
     
    unfortunately it' s not my entry. I'm adding to my position
    4 Feb 2014, 02:37 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs