Bakken Play In Spotlight: Oasis Or Whiting, Which Is Better?
Zacks Investment Research | Mar 17, 2019 10:54PM ET
While the Permian Basin is the largest hotspot for U.S. oil and gas explorers, it is suffering from pipeline crunch, resulting in discounted crude prices and hurting the producers in the region. Amid the pipeline pinch in Permian, output growth witnessed a surge in the third-largest U.S. play, Bakken, amid recovering prices and the launch of Dakota Access Pipeline in 2017. The pipeline’s service has bolstered the revival of Bakken output, with large operators counting on the Dakota Access Pipeline to send a major portion of their products to the market. In this context, we put the spotlight on two small-cap Bakken players — Oasis Petroleum (NYSE:OAS) and Whiting Petroleum (NYSE:WLL) . Since both the stocks currently carry a Zacks Rank #3 (Hold), it will be interesting to see which stock is better positioned in terms of fundamentals.
Oasis Beats on the Bourses
Over the past three months, both Oasis and Whiting surpassed the broader Zacks Investment Research
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