Report
Dave Meats
EUR 147.86 For Business Accounts Only

Oasis Announces Bolt-On Bakken Acquisition and Reports Continued Strong Wild Basin Performance

Oasis' stock plunged yesterday following the announcement that the company will acquire 55,000 net acres in the Williston Basin for $785 million. Before this transaction, the firm's leverage was already higher than most upstream peers, and investors are rightly concerned that the company has overreached. However, the bulk of the consideration will be raised through the offering of 40 million common shares. That means the firm's balance sheet won't look much different after the acquisition is com...
Underlying
Oasis Petroleum Inc.

Oasis Petroleum is an independent exploration and production company focused on the acquisition and development of onshore, unconventional oil and natural gas resources. The company's subsidiaries, Oasis Petroleum North America LLC and Oasis Petroleum Permian LLC conduct the company's exploration and production activities and own its proved and unproved oil and natural gas properties located in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. The company operates a midstream services business through its subsidiary, OMS Holdings LLC. The company also operates a well services business through its subsidiary, Oasis Well Services LLC.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dave Meats

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