Wednesday, January 26, 2011

Oasis Petroleum (NYSE:OAS) Growth Potential Remains Strong

Oasis Petroleum (NYSE:OAS) is attractively priced, according to Canaccord Genuity, citing a solid managment team and growth potential going forward.

Canaccord says, "We continue to believe Oasis will benefit from improving well results and increasing investor interest in oil weighted production growth. In our view, Oasis is attractively priced for a company with its proven management team, relative growth potential and liquidity. We encourage investors to note that OAS projects well into 2012 based on the quality of and growth from its 2011 investments."

Canaccord Genuity maintains a "Buy" rating on Oasis Petroleum (OAS), which closed Tuesday at $26.87, down $0.91, or 3.28 percent. Canaccord increased their price target on Oasis from $31 to $32.

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