20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
In a report published Thursday, Canaccord Genuity analyst Stephen Berman downgraded Oasis Petroleum (NYSE: OAS) from Buy to Hold, but reiterated the $45.00 price target.
In the report, Canaccord Genuity noted, “With ~335K net Bakken/Three Forks (TF) acres, of which ~305K are considered core, OAS is a premier operator and one of the most levered companies to the oil-focused Williston Basin (WB). Rapid production growth is occurring while costs have declined dramatically. That said, the stock is within ~5% of our price target, we believe production growth will be choppy for the foreseeable future, and much of the low hanging fruit on the cost reduction side has been picked. Therefore, we are downgrading to a HOLD from Buy and maintain our $45 PT.”
Oasis Petroleum closed on Wednesday at $42.50.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!