S11 magnitude >1 does not necessarily guarantee oscillation. For example, you can have an IMPATT diode that has S11>1 and it can make a very nice amplifier--no oscillations.
To oscillate, you have to have a resonator circuit attached the active device. The resonator has a loss (due to Q, and due to coupling to get some energy out of the output connector). If the loss is higher than the amount of reflection coefficient feedback, then the oscillations can not build up.
A good way to think of it is to convert your active device's S11 into an impedance. The impedance will have a real and imaginary part. The real part will be negative if S11 > 1. So if you a real part of say -20 ohms, and your load is <20 ohms real part, you have ONE condition of oscillation.
A 2nd condition of oscillation is that the feedback has to be positive. In terms of impedances once again, the imaginary part of your active device's impedance X, should be equal to but negative in sign to the resonators imaginary part of impedance -X. This is what determines exactly WHAT frequency the oscillator will oscillate at.