Any comments on CLR? I like it more because the company is 80% owned by the founder and that's why a lot of funds don't buy it. And they didn't declare bankruptcy. I did some DD on OAS. It's the same people running the company right? They ran it into bankruptcy and they they're out. Don't you think you should stick to management that's not that bad?
Yes, oil crashed but good companies run by good management survived without going into bankruptcy.
OAS management at the top is completely new and much of the equity is held by former bond holders so they'll keep a tight leash on the debt/spending. I like CLR as well but OAS is more undervalued and I didn't want to own multiple Bakken plays. But can't go wrong with CLR either, good mgmt and undervalued IMO like many oil stocks.
Any comments on CLR? I like it more because the company is 80% owned by the founder and that's why a lot of funds don't buy it. And they didn't declare bankruptcy. I did some DD on OAS. It's the same people running the company right? They ran it into bankruptcy and they they're out. Don't you think you should stick to management that's not that bad?
Yes, oil crashed but good companies run by good management survived without going into bankruptcy.
OAS management at the top is completely new and much of the equity is held by former bond holders so they'll keep a tight leash on the debt/spending. I like CLR as well but OAS is more undervalued and I didn't want to own multiple Bakken plays. But can't go wrong with CLR either, good mgmt and undervalued IMO like many oil stocks.
Could you pls give us other names in your "explosive oil upside" basket? Thanks
Besides OAS, I have NR, SD, SND, CPE, LPI, and OXY warrants. See prior tweet for more details: https://twitter.com/HiddenRockCap/status/1379451510522712067
That's an interesting list, thank you. Really digging your content here & on Twitter.