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Oasis Midstream arbitrage opportunity?
Posted: Tue Nov 30, 2021 8:27 pm
by RTaber1
Oasis Midstream trades for about $21.50 while Crestwood Equity Partners trades for about $25.50.
If CEQP will give OMP sharesholders a 1 of their shares for each OMP share, is there a proft opportunity here?
Buy OMP and give it up for a share of CEQP with its strong distribution?
Re: Oasis Midstream arbitrage opportunity?
Posted: Tue Nov 30, 2021 11:48 pm
by Fraser921
Is the offer on the table or is this a hypothetical?
Re: Oasis Midstream arbitrage opportunity?
Posted: Wed Dec 01, 2021 9:07 am
by dan_s
I updated my forecast/valuation model for OMP on 11/26. You can find it under the High Yield tab on the EPG website.
My valuation of OMP is $31.00.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Oasis Midstream Partners LP (NASDAQ: OMP) in connection with the proposed merger of the company with Crestwood Equity Partners LP ("Crestwood"). Under the terms of the agreement, OMP unitholders will receive 0.87 units of Crestwood common units for each unit of OMP they own.
I don't have a valuation for CEQP.