Replies to post #219 on Oasis Petroleum Inc. (OAS)

[eFinanceMarkets]

Oasis Petroleum upped to Buy at Guggenheim as inventory concerns ease
Oasis Petroleum (OAS -0.9%) is upgraded to Buy from Neutral with a $21 price target at Guggenheim, citing its 2016 reserves report which saw reserves more resilient to falling oil prices than in 2015.
The firm says OAS's 2016 reserve report withstood low commodity prices because of a lower cost structure and high-intensity completions, while OAS also augmented its core inventory with the December purchase of 55K net acres in and around Wild Basin and Indian Hills, which represents the company’s most prolific acreage.