This Newly Minted 9%-yielding Income Stock Is Worth Putting On Your Watch List

With little fanfare, Bakken Shale-focused oil producer Oasis Petroleum (NYSE: OAS) completed an initial public offering (IPO) of its midstream arm, Oasis Midstream Partners (NYSE: OMP), last September. The deal provided Oasis Petroleum with some cash to fund its expansion efforts while giving income-seeking investors a new high-growth, high-yielding option for their portfolio.But while Oasis Midstream boasts some eye-catching numbers, income-seekers might want to consider putting this new master limited partnership (MLP) on their watch lists for the time being.

 

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