North Dakota oil producer Oasis Petroleum is "happy to have" hedge fund SPO Partners & Co as its largest shareholder, Chief Executive Tommy Nusz said in an interview on Monday. SPO has been steadily increasing its stake in the company since December, with more than 2 million shares alone bought late last week. The transactions gave SPO an 11.9 percent stake in Oasis."We've got a good relationship with them and we're happy to have them as a shareholder," Nusz told Reuters.SPO and Oasis have not had a discussion about any possible company transaction, Nusz said.An SPO representative was not available to comment.
Oasis Petroleum Inc. is an exploration and production company. Shares of OAS fell by 8.68% or $-1.33/share to $14.00. In the past year, the shares have traded as low as $10.64 and as high as $58.09. On average, 6509360 shares of OAS exchange hands on a given day and today's volume is recorded at 3115727.
Source
