Oasis Petroleum Inc. (OAS)

[56Chevy]

15 times!! Back to the well eh Salty..lol.

Yikes. Looking at todays action I see what you mean. OAS got knocked to the canvas 5 years ago when oil tumbled and haven't been able to stagger to their feet ever since. I haven't specifically tracked OAS for a long time now but there really wasn't much of a need. They are dieing the slow death hundreds of other small E&P players with properties outside of the Permian Basin fell victim to.

Forget profits..their debt load needs a sustained $70 oil minimum just to keep their nose above water. Unless some unforseen geopolitical event doubles the price of crude real soon bankruptcy may be unavoidable.

Thanx for the note Salty..I'll be watching this from the sidelines to see where this goes.

Marker:
Oasis Petroleum Inc (OAS)
$2.5507 down -1.2793 (-33.40%)
Volume: 34,749,621

*Current price for WTI is $51.55 @ bbl.