Casey Hoerth
Long only, long-term horizon, growth at reasonable price, dividend investing

Mid-Con: The Oily Upstream MLP

Mid-Con Energy Partners (NASDAQ:MCEP) acquires, develops and drills for oil, with a focus on the Mid-Continent region of the United States. Its properties are located in in three core areas: Southern Oklahoma, Northeastern Oklahoma and parts of Oklahoma and Colorado within the Hugoton Basin. Its properties consist of mature, legacy onshore oil reservoirs with long-lived, predictable production and low decline rates. Like most MLPs, Mid-Con has a high distribution yield and distributes most of its cash to unitholders.

Mid-Con got its start as an MLP in 2011 but its history as a company is a bit older. About 23% of the company is owned by privately held Yorktown Energy, which had common founders with Mid-Con through Mid-Con Energy...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details