Oasis Petroleum Inc. (OAS)

[Trader959]

Since the OASP shares were cancelled there isn't any stock to hang on to. So the loss should be reflected on the 1099 from the broker to use for tax purposes. Since the warrants are basically a no value asset OASP stock is a total loss write off.

As far as the warrants. There's no clear answer yet. However typically the warrants are held by the broker/warrant agent and they are executed through them. If there issuing only 1.6 million warrants total I'm guessing we do have to worry about them at all. You'll never get enough value in the warrants to replace the loss.

I hate to speculate blindly this early in the game but if I were to guess............ wait a couple of years........ Since technically they stated during restructuring that they basically utilized another part of the company to get off the OTC and be listed under OAS on NASDAQ....they'll likely eventually cancel the warrants and slap the door shut totally on the OASP investors.

Think about it.....1.6 milly warrants at 94.75 each.......they aren't likely to just be nice guys and give away $151,000,000 of the new company.

Trust me......lol....... I'd be happy to be wrong...... but I don't see this going anywhere for us OASP investors.

We'll just be waiting for a $100 bill that will never show up.