Mairs & Power Small Cap Fund Comments on Oasis Petroleum

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Mar 31, 2015

Oasis Petroleum (OAS) (oil exploration and production) was the worst performing stock for the year. While the company was able to earn phenomenal returns on wells drilled in North Dakota’s Bakken at $100+/barrel oil prices, the economics significantly degrade when oil is less than $50 a barrel.

From Mairs & Power Small Cap Fund Q4 2014 Commentary.