QUOTE AND NEWS
OilVoice  Apr 15  Comment 
MidCon Energy Partners LP NasdaqMCEP quotMCEPquot announced that it has received lender commitments to increase its borrowing base to 170 million up 13 from the 150 million in previousl
SeekingAlpha  Mar 11  Comment 
ByCasey Hoerth: In the industry of upstream MLPs, one of the cheapest, yet still high-quality partnerships available are Mid-Con Energy Partners (MCEP). Among upstream MLPs Mid-Con is unique in its purity: This is not only a pure play oil...
SeekingAlpha  Mar 5  Comment 
Mid-Con Energy Partners, LP (MCEP) Q4 2013 Earnings Conference Call March 5, 2014 11:00 AM ET Executives Craig George – Chairman Jeff Olmstead – President and CFO Nathan Pekar – VP, Business Development, General Counsel and...
StreetInsider.com  Mar 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Mid-Con+Energy+%28MCEP%29+Misses+Q4+EPS+by+3c/9245493.html for the full story.
OilVoice  Mar 3  Comment 
MidCon Energy Partners LP NasdaqMCEP through its wholly owned subsidiary MidCon Energy Properties LLC announced today it acquired certain oil properties in Oklahoma and Texas from MidCon Ene
StreetInsider.com  Jan 23  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Mid-Con+Energy+Partners%2C+LP+%28MCEP%29+Declares+%240.515+Quarterly+Dividend%3B+8.9%25+Yield/9083243.html for the full story.
SeekingAlpha  Nov 30  Comment 
ByCasey Hoerth: Mid-Con Energy Partners (MCEP) is an interesting little MLP. Most in the upstream MLP space seek to have a diversified production mix between oil, gas and NGLs. Not so with Mid-Con, which is unabashedly an oil producer. Most other...
StreetInsider.com  Nov 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Mid-Con+Energy+%28MCEP%29+Misses+Q3+EPS+by+32c/8849395.html for the full story.
StreetInsider.com  Oct 25  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Mid-Con+Energy+Partners+%28MCEP%29+Declares+%240.515+Quarterly+Dividend%3B+7.8%25+Yield/8811064.html for the full story.
StreetInsider.com  Aug 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Mid-Con+Energy+%28MCEP%29+Misses+Q2+EPS+by+2c/8573126.html for the full story.




 
TOP CONTRIBUTORS

Mid-Con Energy Partners LP (NASDAQ:MCEP) is an oil and gas limited partnership which acquires and develops properties. The company is focused on assets located in the mid-continent region of the United States. The company's primary experience is in acquiring developed wells and enhancing them using a technique known as waterflooding. Mid-Con makes money by selling the natural gas and oil extracted using this and other techniques. In addition, the company hedges large portions of its production with financial derivatives. [1]


Business Overview

For the 9 months ended in September 2010, the company reported Pro forma earnings. For the period, the total revenue was $35M and a net income of $20M. For the same period in 2009, the revenue was $17M and net income $4M. [2]

New Updates

The company's initial public offering of stock on the NASDAQ occurred on December 14, 2011. The company offered 5.4M shares each for $18. This was below the $19-$21 price range. The deal raised a total of $97M. The lead mangers of the deal were Royal Bank Of Canada (RY), Raymond James, and Wells Fargo.[3]

Trends & Forces

Focus on Developed Wells

Because Mid-Con focuses on using its waterfall technique on developed wells, the company's assets are generally near the end of their producing lives. As a result, the company needs to consistently acquire new properties in order to replace its assets. This replacement is particularly necessary in Mid-Con's case as opposed to other oil and gas companies since its developed wells often have already had the majority of their reserves extracted. [4]

  1. MCEP S-1/A 2011 PROSPECTUS SUMMARY "Overview" pp. 1-2
  2. MCEP S-1/A 2011 PROSPECTUS SUMMARY "Summary Historical and Pro Forma Financial Data" pp. 15-16
  3. Renaissance Capital - IPO Home "Mid-Con Energy prices IPO at $18, below the range" 14 Dec 2011
  4. MCEP S-1/A 2011 PROSPECTUS SUMMARY "Risk Factors" pp. 5-7
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki