Waiting With Bated Breath: What's The Number Gonna Be?

From the press release (unlinked):

Oasis Petroleum Inc. announced today that it has priced an underwritten public offering of 7,000,000 shares of common stock for total gross proceeds (before the underwriter's discounts and commissions and estimated offering expenses) of approximately $314.6 million. Oasis intends to use the net proceeds of this offering to repay outstanding borrowings under its credit facility and for general corporate purposes.  The offering is expected to close on December 9, 2013.

So, what's the number? $311,500,000 / 7,000,000 = $44.50. 

Oasis is trading at $45.79 today.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here. 

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 A Note To The Granddaughters

Speaking of bated breath:

Bated and baited sound the same and we no longer use bated (let alone the verb to bate), outside this one set phrase, which has become an idiom. Confusion is almost inevitable. Bated here is a contraction of abated through loss of the unstressed first vowel (a process called aphesis); it means “reduced, lessened, lowered in force”. So bated breath refers to a state in which you almost stop breathing as a result of some strong emotion, such as terror or awe.

Shakespeare is the first writer known to use it, in The Merchant of Venice, in which Shylock says to Antonio: “Shall I bend low and, in a bondman’s key, / With bated breath and whisp’ring humbleness, / Say this ...”. Nearly three centuries later, Mark Twain employed it in Tom Sawyer: “Every eye fixed itself upon him; with parted lips and bated breath the audience hung upon his words, taking no note of time, rapt in the ghastly fascinations of the tale."

Sir Henry Neville, aka William Shakespeare, was incredible. He also coined the term "into thin air."