What is the likely hood of GTE getting acquired? They continue to reduce their debt and are located in an area with off shore exploration doing quite well. Any chance one of the big boys would buy them? I haven't heard much for consolidation in this market for Oil and Gas. Or im not reading the right stuff.
The Rokslide Stock Traders Thread
- Thread starter Kilboars
- Start date
BBob
WKR
Oasis Petroleum Inc. Announces Expected Redemption of OMP Common Units and Declares $4.00 per Share Special Dividend
Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that upon the closing of the offering by Oasis Midstream Partners LP (NASDAQ: OMP) of 3,623,188 of its common units at...
oasispetroleum.investorroom.com
Oasis Petroleum Inc. Announces Expected Redemption of OMP Common Units and Declares $4.00 per Share Special Dividend
PR Newswire
HOUSTON, June 29, 2021
HOUSTON, June 29, 2021 /PRNewswire/ -- Oasis Petroleum Inc. (NASDAQ: OAS) ("Oasis" or the "Company") announced today that upon the closing of the offering by Oasis Midstream Partners LP (NASDAQ: OMP) of 3,623,188 of its common units at a price of $24 per unit (the "Offering"), OMP would use the proceeds of the Offering to redeem an equal number of common units held by a subsidiary Oasis (the "Redemption"). The closing of the Offering and the Redemption are scheduled to occur today, June 29, 2021. The Offering was designed to improve OMP's liquidity while highlighting the value of Oasis's ownership. OMP remains a valuable and important asset to Oasis. In connection with the Offering, the Redemption will reduce Oasis's approximate ownership from 77.1% to 69.6%.
Additionally, Oasis declared a special dividend of $4.00 per share. The special dividend is payable July 21, 2021 to stockholders of record as of July 9, 2021. Oasis continues to expect increasing its fixed dividend 33% to $2.00 per share (on an annualized basis) upon closing of its previously announced Williston acquisition in late July.
"OMP's public offering and redemption of common units held by Oasis, together with Oasis' announcement of a $4.00 per share special dividend are consistent with our core strategy of emphasizing strong returns and value creation while returning cash to shareholders," said Danny Brown, Oasis's Chief Executive Officer. "The OMP common unit offering accomplishes the mutually beneficial objectives of increasing OMP's public ownership and liquidity while highlighting the value of Oasis's ownership. Oasis will continue to evaluate strategies to increase visibility into its ownership in OMP and close the current sum of the parts discount imbedded in its stock price. As Oasis generates significant free cash flow, it remains committed to returning cash to shareholders."
Broomd
WKR
Wait, what?!
Damn, now I see why OK is holding 5000 shares plus!
I'm holding 500 of OMP, might have to double that. If I'm reading this right, $4 per share divi payout by late July??
Thanks for the DD, Bob, always excellent stuff----indebted to you for it.
Wait, what?!
Damn, now I see why OK is holding 5000 shares plus!
I'm holding 500 of OMP, might have to double that. If I'm reading this right, $4 per share divi payout by late July??
Thanks for the DD, Bob, always excellent stuff----indebted to you for it.
Is it OMP holders getting the dividend? Or OAS holders?
BBob
WKR
I'm reading it as an OAS dividend.
Oasis Petroleum (NASDAQ: OAS) declared a special dividend of $4.00 per share.
The dividend will be payable on July 21, 2021, to stockholders of record on July 9, 2021, with an ex-dividend date of July 8, 2021.
Oasis continues to expect increasing its fixed dividend 33% to $2.00 per share (on an annualized basis) upon closing of its previously announced Williston acquisition in late July.
Oasis Petroleum (NASDAQ: OAS) declared a special dividend of $4.00 per share.
The dividend will be payable on July 21, 2021, to stockholders of record on July 9, 2021, with an ex-dividend date of July 8, 2021.
Oasis continues to expect increasing its fixed dividend 33% to $2.00 per share (on an annualized basis) upon closing of its previously announced Williston acquisition in late July.
BBob
WKR
I could have posted that up with a little more clarity. OAS took a big dip yesterday and I added early today on the rebound so it was on watch on the news ticker.Wait, what?!
Damn, now I see why OK is holding 5000 shares plus!
I'm holding 500 of OMP, might have to double that. If I'm reading this right, $4 per share divi payout by late July??
Thanks for the DD, Bob, always excellent stuff----indebted to you for it.
BBob
WKR
OMP just took a quick pop to 24.45 AH. That puts it over resistance now support and clears the way ahead a bit. If it holds and moves on from there tomorrow we just might be in business!
Edit: Well it didn't hold and it looks like more profit taking on open with OG this morning. OPEC meetings tomorrow probably driving this.
Edit: Well it didn't hold and it looks like more profit taking on open with OG this morning. OPEC meetings tomorrow probably driving this.
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KurtR
WKR
Poww is going off today
Broomd
WKR
LKNCY Luckin Coffee finally seeing some daylight, up 25%.
SHs have been waiting on financials for many months. Looking for $23 per minimum, with relist.
SHs have been waiting on financials for many months. Looking for $23 per minimum, with relist.
MountainTracker
WKR
- Joined
- Mar 8, 2014
- Messages
- 848
Man I was eyeing Poww the other day, it’s on my watch list. Missed that boat
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Poser
WKR
I have some as well. Up 12% today with a total return pushing 26%
Seems like the short and distort is fizzling out for RECAF. There may be another attempt or two to drive share price down, but lots of potential catalysts in July.
1. Completion of exploratory well 2
2. Start of 2D seismic
3. Core sample analysis from first 2 wells
Still a risky play, but the upside potential is huge and the RECAF team has been spot on so far. The next month could be exciting.
1. Completion of exploratory well 2
2. Start of 2D seismic
3. Core sample analysis from first 2 wells
Still a risky play, but the upside potential is huge and the RECAF team has been spot on so far. The next month could be exciting.
Broomd
WKR
| WTI Day's Range | 73.39 - 76.11 |
PGAS showing some legs....
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Brightwhite
WKR
Yeah. It fizzled super quick and volume dried up, but maybe it will come back. I was up above my avg there for a min and have too many shares and was hoping to offload some, but didn't pull the trigger.
Crude oil climbs as OPEC+ panel sees rest of year gradual production gains (NYSEARCA:XLE)
Energy (XLE) is today's top performing sector by a wide margin, advancing along with oil prices as OPEC+ ministers agree to a smaller than expected increase in production...
seekingalpha.com
hope everyone added more to o&G the past few days. LPI, WLL, TGA, SU, CNQ doing really well. Bought into cdev again at 6.71 yesterday. . like crack
slowly getting back on omp. Looking at jumping in some in WISH today. obviously risky
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BBob
WKR
OMP trying
OAS moving well. I'll bet Ex Div players looking at the $4 div helping to drive this.
Edit: OMP toying with and bouncing between previous support and resistance today. Maybe it'll break but I'll bet it sticks here today and consolidates more.
OAS moving well. I'll bet Ex Div players looking at the $4 div helping to drive this.
Edit: OMP toying with and bouncing between previous support and resistance today. Maybe it'll break but I'll bet it sticks here today and consolidates more.
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