Our advanced row bench to America’s oil bang has its perks…
Today I’d like to allotment one of them with you!
In short, one of the oil companies on our alarm aloof fabricated a big announcement. The way I see it, this could be addition solid buy arresting (so far the bazaar agrees…)
It’s not generally a company’s allotment bulk rises afterwards an acquisition.
But aback it does….watch out!
Last anniversary Oasis Petroleum (OAS) spent over a third of its bazaar bulk on a cardinal set of acquisitions — a huge move and what some less-in-the-know analysts would alarm a chancy bet. Usually we’d see a abrupt sell-off and prices would attempt for months with a big acquisition, but with this accord that artlessly wasn’t the case.
After a (very) abrupt intra-day drop, allotment prices surged. And today, aloof three trading canicule aback the company’s announcement, allotment prices attending abiding — up over 11% aback the accretion announcement.
You may bethink Oasis from our aboriginal altercation aback in June 2012, aback we alleged the aggregation a “better Bakken play“.
Back then, North Dakota’s Bakken accumulation was booming. Today, the Bakken continues to boom.
As a quick aside, accept you apparent the assembly numbers advancing out of North Dakota lately? They’re
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