Balyasny Asset Management Ups Oasis Petroleum Stake

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC regarding its stake in Oasis Petroleum (OAS).  Per the filing, Balyasny now owns 6% of OAS with over 13.75 million shares.

This is an increase of over 10.17 million shares since the end of the second quarter when they only owned 3.58 million shares.  The filing was made due to activity on October 18th.

We also just recently highlighted how SPO Advisory reduced its Oasis Petroleum stake this month as well.

Per Google Finance, Oasis Petroleum is "an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company's oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company's oil and natural gas wells operated by OPNA. The Company's projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS)."

SPO Advisory Reduces Oasis Petroleum Position

John Scully's investment firm SPO Advisory has filed a Form 4 with the SEC regarding its position in Oasis Petroleum (OAS).  Per the filing, SPO now owns 16.97 million shares of OAS.

They sold over 2.97 million shares in total on October 4th and 5th, with the bulk of the transaction coming at $11.65 per share.

We've highlighted previous SPO Advisory portfolio activity here.

Per Google Finance, Oasis Petroleum is "an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company's oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company's oil and natural gas wells operated by OPNA. The Company's projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS)."

Balyasny Asset Management Discloses Oasis Petroleum Position

Dmitry Balyasny's hedge fund firm Balyasny Asset Management has filed a 13G with the SEC regarding shares of Oasis Petroleum (OAS).   Per the filing, Balyasny now owns 5.24% of the company with over 5.31 million shares.

This is a newly disclosed equity stake for the firm, as they did not report ownership as of the end of the third quarter.  The filing was required due to portfolio activity on December 9th.

Like many energy stocks, Oasis has plunged from a high of $56.50 this year, down to current levels of around $12 per share.

We've posted previous portfolio activity from Balyasny here.

Per Google Finance, Oasis Petroleum is "an exploration and production company. The Company focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin."