{"id":130155,"date":"2021-06-25T15:24:03","date_gmt":"2021-06-25T15:24:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130155"},"modified":"2021-06-25T15:24:03","modified_gmt":"2021-06-25T15:24:03","slug":"oasis-midstream-partners-lp-declines-14","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/oasis-midstream-partners-lp-declines-14\/","title":{"rendered":"Oasis Midstream Partners LP Declines 14%"},"content":{"rendered":"
Shares of Oasis Midstream Partners LP (OMP) are down more than 14% Friday morning.<\/p>\n
The company on Thursday announced an underwritten public offering of 3,623,188 common units.<\/p>\n
The company intends to use the proceeds from the offering to redeem from Oasis Petroleum Inc. (OAS) a number of common units equal to the number of common units sold by the Partnership in the offering.<\/p>\n
OMP, currently at $23.94, has traded in the range of $5.50- $35.70 in the last one year. <\/p>\n