Saturday, September 16, 2017

Oasis Launches Midstream MLP -- September 16, 2017

Link here.
Houston-based Oasis Petroleum Inc. announced Sept. 11 that an initial public offering has launched for its new master limited partnership, Oasis Midstream Partners LP.
The IPO is offering 7.5 million common units, with an expected price range of $19 to $21 per unit. The company expects to grant underwriters a 30-day option to purchase up to an additional 1.125 million common units.
 $20 x 10 million units (rounding) = $200 million.

Oasis' intention to spin off an MLP was reported back in May, 2017.

Recently, an analyst posted six MLPs with dividends of 5.5% or greater, and considered safe

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