Oasis Petroleum (OAS) appears to have been unduly punished for outspending cash flow. However, with the expectation of becoming cash flow positive in the second half of the year, a reserve value that far outweighs its market capitalization, and other indications of a bargain, energy investors looking for capital appreciation should consider this Bakken-primary company, particularly as it delivers on oil-weighted production. Additionally, it gains some operational heft via its majority interest in a midstream partnership.
Note that its liability-to-asset ratio is 50%. As of mid-August, shorted shares were 19% of floated shares.