Barron's: Oasis Petroleum shares on sale after weather-related slide


Shares of fast-growing Oasis Petroleum (OAS -2.1%) are on sale thanks to winter weather that knocked the stock down 15% from its all-time highs, and the company could be a takeover target, according to a Barron's analysis.

Eagle Asset's Matthew McGeary believes the market overreacted - after all, "one harsh winter doesn't change the value of the assets in the ground" - and although 2014 is a big capex year, outlays could moderate going forward even as production growth continues to rise thanks to past investments.

McGeary also speculates OAS may become a takeover target for oil majors such as Exxon and Chevron.

From other sites
Comments (0)
Be the first to comment
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