The most interesting IPO you’ve never heard of?
That’s one way to look at Oasis Petroleum, which is scheduled to price tonight.
On the other—as Gary Kaminsky suggested to me on Strategy Session: That’s why this deal’s timing may be so good. While many investors may not distinguish between deep-water drilling and oil shale, the smart money does and is.
My round of calls to energy investors shows this is likely to be a hot deal in that crowd this reason: Oasis is the purest play in oil shale in the Northern Plains’ Williston Basin. Its management and assets are highly regarded.