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What will happen to Whiting Petroleum Stock?
At the closing of the deal, which is expected to occur in the second half of 2022, Oasis shareholders will receive a special dividend of $15.00 per share. Whiting shareholders will own 53% of the combined company and Oasis shareholders will own 47%.
Is Whiting Petroleum stock a good buy?
Whiting Petroleum Corporation currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Who bought Whiting Petroleum?
Oasis PetroleumOasis Petroleum (OAS) and Whiting Petroleum (WLL) are expecting their merger to close in Q3 2022. Both companies are holding a special meeting of stockholders on June 28 to vote on the deal. The combined company will end up as one of the largest Williston Basin operators, both in terms of net acreage and production.
What is Whiting Petroleum worth?
$ 68.00CloseChgChg %$68.03-4.65-6.40%
Will Whiting Petroleum go up?
Whiting Petroleum looks to be relatively undervalued at its current share price. It should end up with around $459 million in net cash by the end of 2022 at current strip and I'd estimate that its value is in the mid-$80s with long-term $65 WTI oil....About CHRD.SymbolLast Price% ChgCHRDPost111.00 115.001.93% 3.60%Feb 19, 2022
How many shares does Whiting Petroleum have?
39.24MWhiting Petroleum Corp.Volume545.64KShares Outstanding39.24MEPS (TTM)$9.81P/E Ratio (TTM)6.93Dividend Yield1.47%7 more rows
Is Whiting buying Oasis?
As previously announced, in accordance with the terms of the merger agreement, Whiting shareholders are receiving 0.5774 shares of Oasis common stock and $6.25 in cash for each share of Whiting common stock owned.
Where is the Williston Basin?
Williston Basin, large sedimentary basin along the eastern edge of the Rocky Mountains in western North Dakota, eastern Montana, and southern Saskatchewan, Can.
Who bought Oasis Petroleum?
March 7 (Reuters) - Oasis Petroleum Inc (OAS. O) and Whiting Petroleum Corp (WLL. N) will merge in a $6 billion deal including debt, the U.S. shale oil and gas producers said on Monday.
What happened to OAS stock?
(OAS) closed the most recent trading day at $128.04, moving -0.61% from the previous trading session.
Did WLL reverse split?
During a corporate reorganization on 9/2/2020, Whiting Petroleum Corp halted trading in its former common stock (WLL) exchanging shares in the prior common stock for a “new” common stock, then commenced trading under the same ticker symbol, WLL.
Good news from OPEC is sending this battered oil stock higher
What happened
Matthew is a senior energy and materials specialist with The Motley Fool. He graduated from Liberty University with a degree in Biblical Studies and a Masters of Business Administration. You can follow him on Twitter for the latest news and analysis of the energy and materials industries: Follow @matthewdilallo
So what
Shares of Whiting Petroleum ( NYSE:WLL) are in rally mode again today, having risen more than 10% by 10:30 a.m. EST on Friday. The energy company is bouncing back after an analyst-fueled sell-off yesterday thanks to some good news from OPEC.
Now what
Whiting Petroleum's stock has been bouncing all over the place this week. Shares surged 12.7% on Wednesday thanks to a big uptick in oil prices. Fueling that rally was news that U.S. oil inventory levels had declined sharply as well as reports that OPEC was nearing an agreement to keep a lid on its output.
