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Oasis Petroleum Inc. Message Board

samhill3 5 posts  |  Last Activity: 20 hours ago Member since: Aug 14, 2013
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  • samhill3 samhill3 20 hours ago Flag

    Sure hope you're correct. I'd like to see a big improvement in the liquids/gas split. So, why the low 44-48% liquids-gas split for 2015, that's the same as mid 2014?

  • I don't mind the 27% shareholder dilution with this offering, that's just mathematics and we can all figure that out.

    I'm more surprised and disappointed they're committing so much 2015 capex to drilling nat gas wells with low economic benefits. Why not pile most of the capex into the Hunton field, it has better economics and this would bring the overall liquids cut to over 50%? The company will never get proper street respect so long as it trundles along with a total liquids cut in the 44-48% range. If the total liquids guidance range, including NGLs, is 44-48% it makes you wonder how low the pure oil cut is for 2015, 25%, 30%? In mid 2014 total liquids were 44% with pure oil being only 23%. Look again at those mid-2014 numbers - the 2015 guidance suggests zero improvement. Zero.

    We need oil, oil, oil and more oil. C'mon guys, drill more oil in the Hunton play and stop throwing money at those useless nat gas wells.

  • Reply to

    Adding more here...

    by placesontherun37 Aug 14, 2014 1:27 PM
    samhill3 samhill3 Aug 15, 2014 9:30 PM Flag

    Pretty good call. Let's see if this thing can push on a couple more dollars next week but I suspect it might find it hard getting past $22 for a while. Unless we get some help from the company like news of a monster IP well, that would turn the boosters on.

  • Reply to

    Nice company but now pricey

    by samhill3 Feb 23, 2014 3:34 AM
    samhill3 samhill3 Jul 25, 2014 2:01 PM Flag

    In February I said this stock was pricey when it broke through $60. Now we're into the second half of the year and soon investors will start to look towards 2015 and 2016 earnings. In 2016 PDCE will earn slightly under $5 a share.

    Meanwhile PDCE is growing production and sales and, most important of all, the stock has weakened. It's now closing in on $50. Oh, and it's still got great assets and growth prospects.

    So, whilst in February I said the stock at over $60 was pricey now I'll say that the stock, at just over $50, is cheap.

    Today is Friday, there is worry as to what might happen over the weekend and stocks are selling off.

    To that I say: Great.

    At these prices I'd finally be a buyer of PDCE before the close of business today. It's been trading lower on very low volume and today is a great day to buy quietly and cheaply.

    Buy and enjoy.

  • There have been reports of flooding in the Niobrara as a result of the late spring snows melting and wells shut in causing production outages. I haven't seen a specific flooding report on PDCE but, considering the weak stock price recently, it sure looks like someone knows something and I'd guess that the weakness is weather related? Or at least I hope it's weather related!!!

43.08-0.88(-2.00%)Sep 19 4:08 PMEDT

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