Long
OAS - Looking for a Breakout
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves. It also operates midstream services and a well services businesses. The company sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas.
The company have strong fundamentals, Oasis Petroleum adds more acreage in Delaware Basin for $ 946 million. The company maintains that they have bought the land at a cheap price given the price of oil that remains above 60 dollars. They indicate that the price of the land with the operating costs indicates a price of $ 50 per barrel. After buying the land with the sale of shares investors believe that the price of buying the land is very high.
The company have strong fundamentals, Oasis Petroleum adds more acreage in Delaware Basin for $ 946 million. The company maintains that they have bought the land at a cheap price given the price of oil that remains above 60 dollars. They indicate that the price of the land with the operating costs indicates a price of $ 50 per barrel. After buying the land with the sale of shares investors believe that the price of buying the land is very high.
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