- Oasis may end up with close to $100 million in net cash by the end of 2021, before any share repurchases.
- Oasis Petroleum is currently only valued at under $700 million, net of the market value of its stake in Oasis Midstream Partners.
- Oasis's stake in OMP may be challenging to monetize (if it wanted to) due to its 77% ownership.
- Still, Oasis's stake in OMP provides substantial cash flow.
- I believe Oasis should be worth around $86 per share in a long-term mid-$50s WTI oil environment.
For further details see:
Oasis Petroleum: Remains A Solid Value Despite Substantial Increase In Share Price Post-Restructuring