Help From Readers -- Re: Oasis And Whiting Merger -- March 8, 2020

From a reader:

Oasis and Whiting are going to merge.  Do you know what effect that has on the Oasis warrants that were issued after their bankruptcy?  We own quite a few and are wondering whether we should convert prior to the deal so we are official shareholders, or hold on to the warrants and sell at a later date.  Exercise price for the warrants is $94, with a five year window. 

From a reader in reply:

The warrants would be granted, within the time period, on a pro ratio basis by the merged or acquiring company.

First group "financial / economic" indicators:

• 10-Year Treasury: link here. Up ten basis points. Yield now at 1.851%.
  
• DXY: link here. Down slightly but still trending toward 100; now, 98.99.
  
• Silver: link here. Up almost 3%. Trading at $26.42.
  
• Gold: link here. We're solidly above $2,000. As high as $2,019 overnight; now $2,010.
  
• CBOE volatility index: link here. Explained at Investopedia. Dropped 5.5% from previous, now 34.45, still at very high level. 

Selected equities, pre-market:

• CVX: up another $1.24.
• EOG: up $1.40 yesterday; up 60 cents today; trading at $121.
  
• UNP: after dropping $3.17 yesterday, up $2.47 this morning.
• SRE: down 84 cents today, after being up 92 cents yesterday. Trading at $152.
• OKE: flat yesterday; up 2% today. Trading at $69.80.
• BRK-B: down $2.62 yesterday, up $2.23 today. Trading at $235 this morning; 52-week high, $330.
  

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