I put OMP and OAS on my watch list after I started reading your articles. I must say that I am very much puzzled on why OMP and OAS are so strong. If you compare OMP with other midstream companies, its revenue and distribution is nothing special. It's a good company but so is SHLX or MMP. I really don't understand why both companies have been running up like crazy.
OAS owning a big chunk of OMP can't be the only reason why people are buying. It's not possible for OAS to sell its stake in OMP without tanking OMP's price.
I'm not chasing it though. I think I missed the boat already on it.
Hey @hiddenrockcap! Loved the article. I'm curious how you go about finding interesting 'perfect storm' opportunities to look into? For instance - how did you hear about Oasis/realize you needed to dig into it? I assume post-bankruptcy is not heavily covered in the news....
I put OMP and OAS on my watch list after I started reading your articles. I must say that I am very much puzzled on why OMP and OAS are so strong. If you compare OMP with other midstream companies, its revenue and distribution is nothing special. It's a good company but so is SHLX or MMP. I really don't understand why both companies have been running up like crazy.
OAS owning a big chunk of OMP can't be the only reason why people are buying. It's not possible for OAS to sell its stake in OMP without tanking OMP's price.
I'm not chasing it though. I think I missed the boat already on it.
Hey @hiddenrockcap! Loved the article. I'm curious how you go about finding interesting 'perfect storm' opportunities to look into? For instance - how did you hear about Oasis/realize you needed to dig into it? I assume post-bankruptcy is not heavily covered in the news....
Would love to hear about your process! Thanks!