Mid-Con Energy Partners (NASDAQ: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 upstream MLPs, including fellow partnerships with parent entities, seek to diversify their geographic holdings. Mid-Con, on the other hand, operates almost entirely in one state, Oklahoma.
Back on September 7th I wrote an article on Mid-Con, ultimately recommending investors look at several cheaper options in the upstream MLP space. At the time, many of these other names had been put in the discount bin while Mid-Con remained above the fray.
That dynamic has since changed. Beaten down names such...
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