Oasis Petroleum Inc (OAS)

Thank you for sharing that.
How do you calculate the price of warrants, from the price of share ?

Thank you and we appreciate your reply.

Oasis currently has 3 active rigs drilling... I have seen this company go from hero to zero back to hero. Be careful though as I think oil is about to drop back into the 50-60 dollar range!

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OASPW exercise price is now $90.57
"As previously announced on June 29, 2021, Oasis Petroleum Inc. (the “Company”) declared a special dividend of $4.00 (the “Special Dividend”) per share of common stock, $0.01 par value of the Company (the “Common Stock”). The Special Dividend is payable July 21, 2021 to holders of record of Common Stock as of July 9, 2021 (the “Record Date”). In connection with the Special Dividend and pursuant to Section 5.1(d) of that certain Warrant Agreement, dated as of November 19, 2020, by and between the Company and Computershare Trust Company, N.A. (the “Warrant Agreement”), immediately prior to the opening of business on July 12, 2021, the day after the Record Date, the exercise price for which a holder (each, a “Holder”) of a warrant governed by the Warrant Agreement may purchase a share of Common Stock was decreased by $4.00 per share from $94.57 to $90.57 (the “Exercise Price Adjustment”)."

OAS closed at $101.80 so warrants should be trading near $50.....comparing other oil companies and their warrants. Com'on let's get in gear here!

SHARE BUY-BACK....100M with only 20.1 shares available....that means this stock can go over $400 a share.

Yep..... exactly.

They also wouldnt be giving us any money. We just have the option to buy the stock at a certain price. So make the stock goes to $100 and i get to buy it at $95 i made $5 if i sold the same day. 100 warrants for every 1000 shares i had would make me $500. So will the stock be worth over $95 by 11/2024 i highly doubt it. But i hope it goes to $200

Thanks for the reply. That did help. Hopefully insiders owned a bunch of shares and they will wait to exercise the warrants the last day before they expire haha

Since the OASP shares were cancelled there isn't any stock to hang on to. So the loss should be reflected on the 1099 from the broker to use for tax purposes. Since the warrants are basically a no value asset OASP stock is a total loss write off.

As far as the warrants. There's no clear answer yet. However typically the warrants are held by the broker/warrant agent and they are executed through them. If there issuing only 1.6 million warrants total I'm guessing we do have to worry about them at all. You'll never get enough value in the warrants to replace the loss.

I hate to speculate blindly this early in the game but if I were to guess............ wait a couple of years........ Since technically they stated during restructuring that they basically utilized another part of the company to get off the OTC and be listed under OAS on NASDAQ....they'll likely eventually cancel the warrants and slap the door shut totally on the OASP investors.

Think about it.....1.6 milly warrants at 94.75 each.......they aren't likely to just be nice guys and give away $151,000,000 of the new company.

Trust me......lol....... I'd be happy to be wrong...... but I don't see this going anywhere for us OASP investors.

We'll just be waiting for a $100 bill that will never show up.

Do we still have to hold onto the stock to exercise the warrant. Or can i take the tax write off and still exercise the warrant?

Bot that i think it will go up 200% in the next 4 years. But just wondering

So how many shares equal one warrant?

https://www.oilandgas360.com/oasis-petroleum-successfully-completes-financial-restructuring/

Yeah......we took it in the shorts. Warrant for 1 stock at $94.75.

An OASP tax deduction for Christmas is what we got.

Win some. Loose some.

Aaaannnnnnnnddddddddd just like that we own nothing.......

OASPQ BK PLAN effective. All shares cancelled.


https://otce.finra.org/otce/dailyList?viewType=Deletions

Yep....... that's their plan on paper as we know it. That's really the only reason I didn't cash out already. I'm curious to see what we get for value in the warrant. So that's why I am waiting to see if there's any news in the next month or so......if not then for me there's no sense in letting dead money decay.....lol......

If we'd get 1:1 warrants it would be different..... I'd be happy to be wrong but I bet it'll be more like 1:50 value or higher.

Yes, but they will almost certainly be basically worthless.

You will get warrants if you hold on, correct? Thanks

https://olui2.fs.ml.com/Records/ShareholderNotices.aspx

Honestly....... I am going to ride it out until the first part of December and see if there's any good news. If not I'll cash out and take the loss. If it goes to zero.....lol....it won't make much difference. With what I am holding it's all loss now anyway. For me it just comes down to if I want all loss, or holiday beer money lol.......

I don't see any good news for current shareholders..... I read this mornings information a couple of times and it seems to me this is headed to a dead end.

What is your exit plan?

No....... I'm long

your short oas right now ?

Nope

do you post on stock twits ?

I didn't look at this yesterday.......so without knowing the ratio of buys and sells the short answer is.......Flippers hoping for a move up towards the .25 on the L2 and Shorts hoping for a move towards the .06.

The company is getting rid of 1.6 or something billion in debt. 8.5 mil is chump change....there will likely be huge dilution coming after the Flippers grab a few ticks of up profit.

I get that , still 8,500,000 stayed in the market last nite

People trading, The volumes mean lots of inter-actions between the traders.

How would you explain the 8,500.000 in cash interest in OASQ yesterday . idiots just throwing money away .. again 8,500,000 dollars invested yesterday

That makes a lot senses. You're very knowledgeble. The current Commons will be Cancelled and new shares will be issued, as you said.

In this case when the warrant is issued it takes the place of you're shares. You will have zero shares of the stock on both the OTC and the Big Board.......the minute a warrant is issued to you, you instantly cease to be a shareholder. You will have no Oasis stock at all. It's gone forever.

Think of the warrant as a coupon if this helps. You'll only get to use your coupon IF the stock goes on sale at or below your coupon value. Otherwise it's a worthless coupon if the stock never goes on sale at or below the coupon price.

Having said that...... there's no guaranty that as a current shareholder you will get anything. There's a lot that has to happen legally before we have to worry about the future too much. Getting relisted on a Big Board is going to be no easy task. They can say they want to, but there's a lot of criteria they have to meet before a Big Board would consider listing the company again.

For the sake of my humble opinion here..... I would say that since they didn't take all the Oasis Portfolio through Chapter 11 that in the end their stock will trade under a new name, perhaps new ticker, and we the current shareholders will be proud owners of a worthless warrant.....aka toilet paper........

But we shall see..... I've been down this road before and it hasn't ended well......

Yeah..... there's likely to be a little pop on news. That's pretty much the case with all bankrupt stocks. Everybody gets excited and then thud...... it's all over.....

does OTC get uplifted or bought out with warrant , ? it really look as if that was grey
(talk of continued interest from market makers )

The warrants will generally be issued (if they actually do issue them. a lot could happen yet.) at lesser value than the current value of the stock. A) simply by determined price of the warrant. B) by face value of the stock on the designated day that the warrants are issued.

And generally warrants aren't issued on a 1 to 1 basis. i.e. if you get face value it "might" end of being a 1:50 value..........not an exact axample but view the warrant like a r/s. On the chance that it would uplist to Nasdaq you would use your warrant to buy stocks of the company.

However.........just for explanation........say the uplist opened a $4 price. If the warrants were issued at face value.........of say .50 cents pps. In 4 years if the price never got down to .50 or below you warrant would be worthless and expire. That's a ruff explanation anyway.

So......yes, if you bought stocks with the Q on them after delisting you have OTC stocks.............

Honeslty I hope the best for everyone.......but the reality is this situation is never usually good for shareholders. Instead of a huge r/s we essentially get warrants and vaseline......'

GLTA!!

so I bought OTC shares not nasdaq . I am thinking there is a possibility warrants verses uplift of current OTC shares to nas or other wise . Kinda grey in my thinking and possibly need a little slap in the face to figure it out.

True

When you find out the conversion rate and price you will likely be much less excited.

Sounds pretty good! Shares get converted to warrants

This means that the current common shares get values in other way. This is amazing for Commons as very rare BK cases do so.

OASPQ, Revenue: $1 Billion, huge!

http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115420855&type=HTML&symbol=OASPQ&companyName=Oasis+Petroleum+Inc.&formType=10-Q&dateFiled=2020-11-05&CK=1486159

Yep, I read that. But the bottom line is that at some point here the current shares will cease to have any value and we will end up with whatever the "pro rata" value of the warrant is.

However...... since they also stated that they hope to return to Nasdaq or NYSE the company will have to meet the criteria for uplist in some way shape or form. So in the end it will be current shareholders getting whatever value gets placed on the warrant and it will cease trading on the OTC......

We'll know more when the warrants are announced. GLTA

Great news for the common share-holders: "including the holders of our outstanding shares of common stock, will be entitled to a pro rata share of the New Warrants."

Our common stock was delisted from NASDAQ and is currently trading in an over-the-counter market, which involves additional risks compared to being listed on a national securities exchange.
Since October 12, 2020, our common stock has been trading on the OTC Pink Marketplace maintained by the OTC Markets Group, Inc. under the symbol “OASPQ.” Securities traded in the over-the-counter market generally have significantly less liquidity than securities traded on a national securities exchange, due to factors such as a reduction in the number of investors that will consider investing in the securities, the number of market makers in the securities, reduction in securities analyst and news media coverage and lower market prices than might otherwise be obtained. In addition to those factors, the market for the outstanding shares of our common stock has been adversely affected by the provisions of the RSA that contemplate that our
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existing equity interests will be cancelled and discharged in connection with the Chapter 11 Cases and the holders of those equity interests, including the holders of our outstanding shares of common stock, will be entitled to a pro rata share of the New Warrants. We can provide no assurance that our common stock will continue to trade on the OTC Pink Marketplace, whether broker-dealers will continue to provide public quotes of our common stock on that market, whether the trading volume of our common stock will be sufficient to provide for an efficient trading market or whether quotes for our common stock will continue to be provided on that market in the future.http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115420855&type=HTML&symbol=OASPQ&companyName=Oasis+Petroleum+Inc.&formType=10-Q&dateFiled=2020-11-05&CK=1486159

Not in the near future, no. But over the course of time it will as new stock is issued for new investors and current shareholders are issued warrants that may or may not be of any value to the current shareholders in the long run.

The short answer is for example if we get warrants for say .10 and over the course of the four year term the new stock never get over a dime we're still bag holders because there's no point in exercising the warrant when the stock can be bought cheaper than the warrant price.

For know we really only know one thing...... it's a total lottery from here on out for all of us.

And I am not bashing when I say........in the big scope of things...... until we see how this plays out...... we're screwed. And if we end up with high prices warrants and cheap stock....... we're screwed.

So, yeah.... it's more like we own lottery tickets than stocks now! GLTA

actually, i don't think that will happen in this situation as the company is exchanging warrants with a 4 year expiry to current stock holders that give them the right to buy the new stock over the said 4 year period. i am not sure what the ratio is but i am sure there is some type of arb play.

Not happening any time soon

Looks like the q holders will get warrants for 4 years? Rather than zero?

The bottom line though is that this will almost certainly basically go to zero in the near future.

already delisted from nasdaq moved down to OTC now trading as oaspq at trade price of .1425 currently . not going anywhere from here yet /will continue to trade

OK thnxs, I will observe this week and next week if there is any insider sale of stock from oaspq if i see that will also sell it out and take the 25% left i have on them. lost over 70% of my stock value already

Nobody knows. That is the nature of Q stocks and restructurings: commons may or may not receive a stake in the restructured company.

I might be wrong. Commons may keep intact? Hope so.