Oasis Petroleum Inc. (NYSE:OAS) announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an increase to the borrowing base from $137.5 million to $350 million. In addition, the interest rate under the Oasis credit agreement was reduced and now ranges from LIBOR plus 150 bps to LIBOR plus 250 bps depending on borrowing base utilization.
Read the full article and the disclaimer at:http://bestotc.com/18638/stock-alerts/oas-clno-tllp-nrgy-stocks-in-review-by-bestotccom/
(OAS, CLNO, TLLP, NRGY) Stocks in Review by BestOtc.com
October 8th, 2011 at 09:42 am