September 6, 2013 8:42 AM | 1 min read
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
In a report published Friday, Topeka Capital Markets analyst Gabriele Sorbara upgraded the rating on
Oasis Petroleum (NYSE: OAS) from Hold to Buy, and raised the price target from $44.00 to $56.00.In the report, Topeka Capital Markets noted, “We are upgrading OAS to Buy from Hold and raising our price target to $56 from $44 on this morning's bolt-on acquisitions. OAS announced that it has signed four separate acquisitions in the Williston Basin totaling 161,000 net acres for $1,515 million. With this transaction, OAS increases its acreage by nearly 50% to 492,000 net acres in the Williston Basin and current production increases by approximately 28% to 43.0 Mboe/d. The transaction augments OAS' drilling inventory by ~42% in the core. We now believe there is a compelling opportunity to build a position in this high quality Bakken operator with a long life inventory and significant RNAV upside. With the scale OAS is building with these acquisitions, we believe shares warrant a valuation more in line with its large scale peers, thus shares should get re-rated higher.”Oasis Petroleum closed on Thursday at $41.88.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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