Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
The independent financial analyst theScreener just awarded an improved star rating to OASIS PETROLEUM (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 1 out of 4 possible stars. Given its market behaviour as risky, theScreener considers that these elements allowing slightly upgrading its general evaluation to Slightly Negative; the title, however, remains unattractive. As of the analysis date Nov...
We are trimming our fair value estimate for Oasis to $4 per share after a second pass at the firm's first-quarter financial and operating results. That means--in light of the recent slump in crude prices--that it is one of the few exploration and production firms that does not currently look undervalued (see "Most E&Ps Undervalued After Slump in Oil Prices"). As a reminder, the firm remains on track to hit its 2019 production and capital targets with one quarter now in the bag. Output in the pe...
Oasis Petroleum is a shale producer with assets in North Dakota and Texas. The company has been active in the Williston Basin since its inception in 2007, and this area is still its primary focus. Initial production rates are very impressive in the "core" portion of its acreage, which breaks even under $40 per barrel WTI and contains enough potential drilling locations to support at least 10 years of further drilling. The remainder offers more-pedestrian economics.Concurrently, the company is ra...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
We are trimming our fair value estimate for Oasis to $4 per share after a second pass at the firm's first-quarter financial and operating results. That means--in light of the recent slump in crude prices--that it is one of the few exploration and production firms that does not currently look undervalued (see "Most E&Ps Undervalued After Slump in Oil Prices"). As a reminder, the firm remains on track to hit its 2019 production and capital targets with one quarter now in the bag. Output in the...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
We are trimming our fair value estimate for Oasis to $4 per share after a second pass at the firm's first-quarter financial and operating results. That means--in light of the recent slump in crude prices--that it is one of the few exploration and production firms that does not currently look undervalued (see "Most E&Ps Undervalued After Slump in Oil Prices"). As a reminder, the firm remains on track to hit its 2019 production and capital targets with one quarter now in the bag. Output in the...
West Texas Intermediate crude oil has fallen from over $65 a barrel in late April to about $54/bbl today, a hair below our midcycle forecast of $55/bbl. The slump has dragged most exploration and production stocks down with it, with 22 of the 23 names we cover now trading below our fair value estimates. The median and mean discounts are 12% and 16%, respectively. We see more upside than that for industry cost leaders like Diamondback Energy and Pioneer Natural Resources, which are better positio...
Oasis remains on track to hit its 2019 production and capital targets with one quarter now in the bag, and there is no change to our fair value or no-moat rating. The firm delivered production of 91.7 mboe/d in the first quarter, which was 4% higher sequentially and 19% higher year over year. The firm’s financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $269 million and negative $0.02, respectively (consensus estimates were $236 million and $0.04)....
Oasis remains on track to hit its 2019 production and capital targets with one quarter now in the bag, and there is no change to our fair value or no-moat rating. The firm delivered production of 91.7 mboe/d in the first quarter, which was 4% higher sequentially and 19% higher year over year. The firm’s financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $269 million and negative $0.02, respectively (consensus estimates were $236 million and $0.04)....
Oasis remains on track to hit its 2019 production and capital targets with one quarter now in the bag, and there is no change to our fair value or no-moat rating. The firm delivered production of 91.7 mboe/d in the first quarter, which was 4% higher sequentially and 19% higher year over year. The firm’s financial results were mixed, with adjusted EBITDA and adjusted earnings per share coming in at $269 million and negative $0.02, respectively (consensus estimates were $236 million and $0.04). ...
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