Mid-Con Energy Partners: Some Uncertainty About Its Production Levels [Seeking Alpha]
MID-CON ENERGY PARTNERS (MCEP)
US:NASDAQ Investor Relations:
ir.midconenergypartners.com
Company Research
Source: Seeking Alpha
Mid-Con Energy Partners: Some Uncertainty About Its Production LevelsSummaryMid-Con's production hasn't met expectations recently. Production from its retained assets appeared to decline in Q4 2017 compared to expectations for flat to slightly increased production.Mid-Con's 2018 outlook indicates a wide range of possible outcomes for its legacy assets. Production could be down modestly or increase a bit more.Mid-Con's waterflood investments may result in improved production in 2019, but for now, it is difficult to get a good read on the capex level required to maintain production.Mid-Con's financial situation is significantly improved, though, and its credit facility should have plenty of borrowing capacity going forward.Mid-Con is expected to generate around $7 million in positive cash flow in 2018 at roughly $61 WTI oil.
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