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Stock impact report

Mid-Con Energy Partners: The Future's Looking Fine [Seeking Alpha]

MID-CON ENERGY PARTNERS (MCEP) 
US:NASDAQ Investor Relations: ir.midconenergypartners.com
Company Research Source: Seeking Alpha
Summary Mid-Con Energy Partners recently experienced a change to its credit facility. The terms for the company have become more restrictive, but the overall picture for the business shouldn't change much. The company still has plenty of resources with which to thrive long term, but it should consider an asset sale. December is already turning out to be important for shareholders in Mid-Con Energy Partners ( MCEP received an extension A look at the news Earlier this year, the credit facility for Mid-Con was set at $110 million. This amount of borrowing capacity was fine because, following some activity, the firm's debt had fallen considerably. As of its latest update There's no secret that some lenders have been tightening the screws on some of the players in Mid-Con's space, and given the company's share price performance in recent months, a contributor to the firm's decline had to have been the market's concern that this borrowing capacity would evaporate. This is a justified conce Show less Read more
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