Sponsored By:

5 Energy Stocks to Power Your Portfolio

With earnings season upon us, these oil stocks are great best for future growth

      View All  

Oasis Petroleum

Oasis Petroleum 185 5 Energy Stocks to Power Your PortfolioMoving from the bottom half of our nation to the top, we hit the prolific Bakken shale.

Like the Eagle Ford, the shale oil production from the Bakken continues grow by leaps and bounds, powering those firms that do business there. One of the best could be Oasis Petroleum (OAS).

The company is expected to report earnings this Wednesday, Nov. 6., but there’s plenty of reason to believe that analysts’ predictions of a near-doubling in earnings per share will come true. That’s because it’s becoming a pure play on the Bakken.

Back in September/October, OAS spent roughly $1.5 billion on four land grabs that boosted its acreage to a huge 492,000 acres — about 49% more than it previously had. These buys should add about 9,300 barrels per day to production. That’s awesome news for the future considering Oasis has already shown it can pump up the production. Back in the second quarter, OAS grew production by 48% to sit at 30,200 barrels of oil equivalent (BOE) per day. What’s even better is that the bulk of its production — roughly 90% — is high-priced shale oil.

Meanwhile, shares of OAS are still cheap at a forward P/E of just 14.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/5-energy-stocks-to-buy-cop-rrc/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.