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Notable Mergers and Acquisitions 10/18: (OAS) (SM) (TWMC) (SXI)

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KLR Group Raises Price Target on Oasis Petroleum (OAS) Following Williston Basin Acquisition

October 19, 2016 8:21 AM EDT

KLR Group reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $18.00 (from $17.00), following the company's announced Williston Basin acquisition. The acquisition includes ~12.4 Mboepd of production and ~226 gross operated locations. To partly fund the acquisition, OAS priced ~55.2 mm shares, representing... More

Jefferies Raises Price Target as Oasis Petroleum (OAS) Announces Williston Basin Acquisition

October 19, 2016 8:05 AM EDT

Jefferies reiterated a Buy rating on Oasis Petroleum (NYSE: OAS), and raised the price target to $16.00 (from $15.00), following the company's announced acquisition of producing properties and acreage in the Williston Basin. OAS has agreed to purchase 55k net acres with 12.4 Mboe/d of current... More