Kevin Quon
Insider ownership, small-cap, long-term horizon, dividend investing

Midstates Petroleum: Rapidly Growing, But Far From Safe

The adoption of horizontal drilling has played a significant role in increasing the production of oil and gas. One such company rapidly growing on this technology is Midstates Petroleum Company Inc. (MPO). Midstates is an independent oil & gas exploration and production company. The company utilizes modern drilling and completion techniques to develop its oilfields in Oklahoma, Kansas, Texas, and Louisiana.

Over the last two years, the company has significantly grown through two large acquisitions. In doing so, Midstates has vastly improved its growth prospects at the potential risk of overextending itself financially. Speculative investors may appreciate that the company's CEO continues to buy stock in the company even as the price has fallen. At the same...

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