Company Overview and News
Mid-Con appears to have addressed its credit facility issues for the time being at the cost of selling its Southern Oklahoma assets and raising new preferred equity. (2-0)
Mid-Con Energy Partners, LP (NASDAQ:MCEP) has 31 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 8,361,614 shares. Largest shareholders include Goff John C, RR Advisors, LLC, Pointe Capital Management LLC, Oppenheimer & Co Inc, and Wedbush Securities Inc. (17-0)
Mid-Con's Q3 financials were finally posted. Like a Swiss watch, Mid-Con may be small but there are many moving parts and little margin of error. (25-0)
Mid-Con Energy Partners LP is one of few upstream master limited partnerships still in the game after years of depressed oil prices. (10-0)
Upstream MLPs including EV Energy Partners (EVEP), Mid-Con Energy Partners MCEP), and Legacy Reserves (LGCY) led the MLP top gainers in the week ending November 3. EV Energy Partners and Mid-Con Energy Partners were the top two MLP gainers last week. EV Energy Partners rose 82.4%, while Mid-Con Energy Partners rose 26.3%. Legacy Reserves was on the top ten list with a week-over-week gain of 4.5%. (29-0)
EV Energy Partners (EVEP) and Mid-Con Energy Partners (MCEP) were the top two MLP losers last week. EVEP and LGCY fell 11.8% and 7.8% during the week, respectively. The upstream MLPs fell due to the weakness in crude oil prices last week. Legacy Resources (LGCY), another upstream MLP, was also among the top ten MLP losers. It fell 2.0%. EVEP, MCEP, and LGCY have lost 73.2%, 59.2%, and 29.7% YTD (year-to-date), respectively. (20-0)
In this piece, I wanted to look over some recent developments involving Linn Energy, a once-bankrupt firm that has eliminated all of its debt. (4-0)
Upstream MLPs EV Energy Partners (EVEP), Mid-Con Energy Partners (MCEP), and Legacy Reserves (LGCY) were the top three gainers during the week ended September 29. During the week, EVEP, MCEP, and LGCY rose 17.6%, 13.7%, and 11.8%, respectively, driven by the rally in crude oil prices. Upstream companies, which have direct commodity price exposure, typically benefit from a rise in crude oil prices. (13-0)
Ferrellgas Partners (FGP), which is involved in propane logistics and distribution, was the top MLP loser in the week ending September 22. Ferrellgas Partners fell 4.8% during the week. It has lost 21.3% YTD (year-to-date). Its peers, AmeriGas Partners (APU) and Suburban Propane Partners (SPH) have lost 10.4% and 19.0%, respectively, while Star Gas Partners (SGU) has risen 1.2%. For a comparative analysis of these propane MLPs, read APU, FGP, SPH, and SGU: Analyzing Prospects for the Propane MLPs. (28-0)
In this article, I decided to look at some changes that have been made over the past few months among a dozen energy firms (180-0)
These assets produced an estimated 601 BOEPD during the last six months and are nearly 100% oil. (2-0)
Parts 1 and 2 of this article have presented information and analysis about companies, activities and reserves. (2-0)
Q2 2017 production fell slightly and lease operating expenses rose as storms damaged wells and resulted in downtime.
Stock prices for members of the Bottom of the Barrel Club, as well as most other E&P companies, remain under pressure on all recent time frames.
In this article, I decided to look at some recent data coming from Mid-Con Energy Partners, a firm I follow quite closely.
2017-10-28 - Wilton
2017-10-25 - Wilton
2017-10-10 - Wilton
2017-10-09 - Wilton
2017-08-25 - Wilton