Oasis Petroleum Inc. (OAS)

[Trader959]

In this case when the warrant is issued it takes the place of you're shares. You will have zero shares of the stock on both the OTC and the Big Board.......the minute a warrant is issued to you, you instantly cease to be a shareholder. You will have no Oasis stock at all. It's gone forever.

Think of the warrant as a coupon if this helps. You'll only get to use your coupon IF the stock goes on sale at or below your coupon value. Otherwise it's a worthless coupon if the stock never goes on sale at or below the coupon price.

Having said that...... there's no guaranty that as a current shareholder you will get anything. There's a lot that has to happen legally before we have to worry about the future too much. Getting relisted on a Big Board is going to be no easy task. They can say they want to, but there's a lot of criteria they have to meet before a Big Board would consider listing the company again.

For the sake of my humble opinion here..... I would say that since they didn't take all the Oasis Portfolio through Chapter 11 that in the end their stock will trade under a new name, perhaps new ticker, and we the current shareholders will be proud owners of a worthless warrant.....aka toilet paper........

But we shall see..... I've been down this road before and it hasn't ended well......

Yeah..... there's likely to be a little pop on news. That's pretty much the case with all bankrupt stocks. Everybody gets excited and then thud...... it's all over.....