Mid-Con Energy Partners: Cash Flow May Not Improve Despite Higher Oil Prices [Seeking Alpha]
MID-CON ENERGY PARTNERS (MCEP)
US:NASDAQ Investor Relations:
ir.midconenergypartners.com
Company Research
Source: Seeking Alpha
Mid-Con Energy Partners: Cash Flow May Not Improve Despite Higher Oil PricesSummary2018 to 2020 oil strip prices have moved up around $5 to $6 on average since late March/early April.This may not translate into any noticeable improvement in Mid-Con's cash flow during those years though.Mid-Con has a significant amount of hedges in place until Q3 2020 at noticeably below current strip prices.The widening WTI Midland basis differentials may affect Mid-Con's realized prices from its Texas production.Oil production needs to increase to take advantage of the higher oil prices, but there is still uncertainty about its ability to increase production.
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