Seeking Alpha

Midstates Petroleum +11%, reportedly exploring potential sale

  • Midstates Petroleum (MPO +11.2%) pops higher on speculation of a potential sale; MPO is said to be working with Morgan Stanley and Goldman Sachs to solicit offers.
  • MPO has a market value of ~$418M, and total debt of more than $1.7B at the end of March.
Comments (1)
  • tesawyer
    , contributor
    Comment (1) | Send Message
     
    Very successful driller increasing production monthly, just very far in debt, may have grown too fast.
    16 May, 01:16 PM Reply Like
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