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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (182262)	1/17/2014 3:20:01 PM
From: Biomaven	Respond to of 206114

Rummaging around the smaller E&P players I came across one that seems very MHR-like. Stock is Midstate Petroleum (MPO). Good (and diversified) production growth (now over 30,000 boe/day, up from around 8,000 in 2012) but highly leveraged, and their stock got absolutely crushed in 2012 because of debt concerns. Came public in mid-2012 at around $15, and dropped as low as $4.25 in 2013 - now back up to around $6. In a recent presentation they claim they will not issue more stock but will resolve their fairly highly-leveraged position via asset sales or a JV. Claimed they could get by without such a deal, but were going to do one to satisfy investor concerns. Here's their presentation: phx.corporate-ir.net cc.talkpoint.com Appreciate people's thoughts on this one as an overlooked recovery play. Peter (posted also on the 50% thread)