MPO(.93) ~Most Undervalued NYSE Stock: EPS $1.39~
Post# of 281
Posted On: 03/29/2015 2:00:53 PM
Re: Chasing Stars #36
MPO(.93) ~Most Undervalued NYSE Stock: EPS $1.39~ New DD
1) Midstates Petroleum Company, Inc. (NYSE:MPO) is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil/liquids-prone resources in previously discovered yet underdeveloped hydrocarbon trends. The Company is headquartered in Houston, Texas with a regional office in Tulsa, Oklahoma.
Our operations are currently focused on oilfields in the Mississippian Lime play in northwestern Oklahoma and southern Kansas, the Anadarko Basin in Texas and Oklahoma, and the Upper Gulf Coast Tertiary trend onshore in central Louisiana.
http://www.midstatespetroleum.com/
The company's common stock has been listed on the New York Stock Exchange (the "NYSE"
since April 2012.
2) MPO has 72 Million Outstanding shares as of March 9, 2015
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
****************** BIG SHAREHOLDERS*****************
A) $21.5 Billion Fund, First Reserve holds 27 million (38%) of MPO shares
Read more: http://www.nasdaq.com/quotes/institutional-po...z3ViNH7wyW
http://www.firstreserve.com/go.asp?Go=!SiteSt...mePage.htm
About FIRST RESERVE, 21.5 BILLION DOLLARS FUND
http://en.wikipedia.org/wiki/First_Reserve_Corporation
Billionaire Hedge Fund Manager Steven Cohen increased shares to 7.1% from 5%[/b]
http://www.sec.gov/Archives/edgar/data/153392...92666a.htm
Cohen was holding 5% of shares last year.
http://www.insidermonkey.com/blog/billionaire...ga-318719/
C) Private Hedge Fund Aristeia Capital increases shares to 6.73% from 5.83%
http://www.sec.gov/Archives/edgar/data/108017...states.htm
Aristeia was holding 5.83% of MPO shares.
http://www.sec.gov/Archives/edgar/data/108017...states.htm
3) 60.5 million or 71% of shares held by institutions.. And 14% held by insiders..
http://data.cnbc.com/quotes/MPO/tab/8
4) Average Daily Production 32,137 (Boe/d) for Three Months Ended December 31, 2014. Average daily production increased 34% in 2014. It was 23,927 (boe/d) in 2013.
page 65
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
5) MPO's Acquisitons:
On October 1, 2012, the Company closed on the acquisition of all of Eagle Energy Production, LLC's.
On May 31, 2013, the Company closed on the acquisition of producing properties and undeveloped acreage in the Anadarko Basin in Texas and Oklahoma from Panther Energy Company, LLC
PAGE 7
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
6) Total proved developed reserves have increased 38% in 2014
PAGE 14
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
7) Total productive wells 665 gross, 457 net
page 19
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
Employees
As of December 31, 2014, we employed 183 people, including 42 technical (geosciences, engineering, land), 76 field operations, 59 corporate (finance, accounting, planning, business development, legal, office management) and six management.
9) Offices
We currently lease approximately 57,000 square feet of office space in Tulsa, Oklahoma at 321 South Boston Avenue, Suite 1000, where our principal offices are located. The lease for our Tulsa office expires in 2021. We also lease approximately 41,200 square feet of office space in Houston, Texas at 4400 Post Oak Parkway, Suite 2600. The lease for our Houston office expires in 2018. Due to the announced closure of our Houston office, we are currently working to sublet our Houston office space. We also lease one field office in Louisiana, one in Dacoma, Oklahoma and one in Perryton, Texas.
page 31
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
~~~~~~~~~~~~~~~~~~~~~9) MPO FINANCIALS ~~~~~~~~~~~
2014 Annual Revenue: 794 Million dollars
2014 Annual Net Profit: 117 Million dollars
Basic and diluted net income per share attributable to common shareholders 1.01
Total Assets: 2,475,793,000 dollars
Total Liabilities: 2,009,930,000 dollars
-
TOTAL stockholders' equity: 465,862,000 dollars.
Total outstanding shares 72 million
Book value per share: 6.45 dollars
10) Most of the oil and Natural gas production hedged at higher price in 2015.
Oil Q1 Q2 Q3 Q4
Volume(Bbl/d)12,000 12,000 6,000 6,000 8,975
Price ($/Bbl)90.10$ 90.58$ 85.51$ 85.53$ 88.72$
Natural GasSwaps
Volume (Mmbtu/d)70,000 50,000 50,000 50,000 54,932
Price ($/Mmbtu)$4.20 $4.13 $4.13 $4.13 $4.15
http://phx.corporate-ir.net/phoenix.zhtml?c=2...sentations
Date Title
03/25/15
Download Documentation Scotia Howard Weil 43rd Annual Energy Conference
11) MPO's New board members and CEO appointed. New CEO is very professional and a master of merger and acquisition.
MPO Chairman Knudson: A smooth transition in connection with these planned management changes and maintains its commitment to the long-term future of the Company
http://www.businesswire.com/news/home/2015030...RYl9-FyTLU
About MPO's New CEO Frederic F. Brace
http://www.bloomberg.com/research/stocks/peop...ticker=UAL
Bloomberg says biggest shareholder First Reserve (holding 38%) exploring a sale
http://www.bloomberg.com/news/articles/2014-0...h-banks-1-
MPO's Q4, 2014 revenue is 267.7 million dollars
Q4 Net profit: 128 million dollars
Q4 earning per share 1.31 dollars current share price under 1 dollar..
it is very undervalued buyout candidate imho..
1) Midstates Petroleum Company, Inc. (NYSE:MPO) is an independent exploration and production company focused on the application of modern drilling and completion techniques to oil/liquids-prone resources in previously discovered yet underdeveloped hydrocarbon trends. The Company is headquartered in Houston, Texas with a regional office in Tulsa, Oklahoma.
Our operations are currently focused on oilfields in the Mississippian Lime play in northwestern Oklahoma and southern Kansas, the Anadarko Basin in Texas and Oklahoma, and the Upper Gulf Coast Tertiary trend onshore in central Louisiana.
http://www.midstatespetroleum.com/
The company's common stock has been listed on the New York Stock Exchange (the "NYSE"
since April 2012. 2) MPO has 72 Million Outstanding shares as of March 9, 2015
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
****************** BIG SHAREHOLDERS*****************
A) $21.5 Billion Fund, First Reserve holds 27 million (38%) of MPO shares
Read more: http://www.nasdaq.com/quotes/institutional-po...z3ViNH7wyW
http://www.firstreserve.com/go.asp?Go=!SiteSt...mePage.htm
About FIRST RESERVE, 21.5 BILLION DOLLARS FUND
http://en.wikipedia.org/wiki/First_Reserve_Corporation
Billionaire Hedge Fund Manager Steven Cohen increased shares to 7.1% from 5%[/b] http://www.sec.gov/Archives/edgar/data/153392...92666a.htm
Cohen was holding 5% of shares last year.
http://www.insidermonkey.com/blog/billionaire...ga-318719/
C) Private Hedge Fund Aristeia Capital increases shares to 6.73% from 5.83%
http://www.sec.gov/Archives/edgar/data/108017...states.htm
Aristeia was holding 5.83% of MPO shares.
http://www.sec.gov/Archives/edgar/data/108017...states.htm
3) 60.5 million or 71% of shares held by institutions.. And 14% held by insiders..
http://data.cnbc.com/quotes/MPO/tab/8
4) Average Daily Production 32,137 (Boe/d) for Three Months Ended December 31, 2014. Average daily production increased 34% in 2014. It was 23,927 (boe/d) in 2013.
page 65
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
5) MPO's Acquisitons:
On October 1, 2012, the Company closed on the acquisition of all of Eagle Energy Production, LLC's.
On May 31, 2013, the Company closed on the acquisition of producing properties and undeveloped acreage in the Anadarko Basin in Texas and Oklahoma from Panther Energy Company, LLC
PAGE 7
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
6) Total proved developed reserves have increased 38% in 2014
PAGE 14
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
7) Total productive wells 665 gross, 457 net
page 19
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
Employees As of December 31, 2014, we employed 183 people, including 42 technical (geosciences, engineering, land), 76 field operations, 59 corporate (finance, accounting, planning, business development, legal, office management) and six management.
9) Offices
We currently lease approximately 57,000 square feet of office space in Tulsa, Oklahoma at 321 South Boston Avenue, Suite 1000, where our principal offices are located. The lease for our Tulsa office expires in 2021. We also lease approximately 41,200 square feet of office space in Houston, Texas at 4400 Post Oak Parkway, Suite 2600. The lease for our Houston office expires in 2018. Due to the announced closure of our Houston office, we are currently working to sublet our Houston office space. We also lease one field office in Louisiana, one in Dacoma, Oklahoma and one in Perryton, Texas.
page 31
http://services.corporate-ir.net/SEC.Enhanced...id=9998074
~~~~~~~~~~~~~~~~~~~~~9) MPO FINANCIALS ~~~~~~~~~~~
2014 Annual Revenue: 794 Million dollars
2014 Annual Net Profit: 117 Million dollars
Basic and diluted net income per share attributable to common shareholders 1.01
Total Assets: 2,475,793,000 dollars
Total Liabilities: 2,009,930,000 dollars
-
TOTAL stockholders' equity: 465,862,000 dollars.
Total outstanding shares 72 million
Book value per share: 6.45 dollars
10) Most of the oil and Natural gas production hedged at higher price in 2015.
Oil Q1 Q2 Q3 Q4
Volume(Bbl/d)12,000 12,000 6,000 6,000 8,975
Price ($/Bbl)90.10$ 90.58$ 85.51$ 85.53$ 88.72$
Natural GasSwaps
Volume (Mmbtu/d)70,000 50,000 50,000 50,000 54,932
Price ($/Mmbtu)$4.20 $4.13 $4.13 $4.13 $4.15
http://phx.corporate-ir.net/phoenix.zhtml?c=2...sentations
Date Title
03/25/15
Download Documentation Scotia Howard Weil 43rd Annual Energy Conference
11) MPO's New board members and CEO appointed. New CEO is very professional and a master of merger and acquisition.
MPO Chairman Knudson: A smooth transition in connection with these planned management changes and maintains its commitment to the long-term future of the Company
http://www.businesswire.com/news/home/2015030...RYl9-FyTLU
About MPO's New CEO Frederic F. Brace
http://www.bloomberg.com/research/stocks/peop...ticker=UAL
Bloomberg says biggest shareholder First Reserve (holding 38%) exploring a sale
http://www.bloomberg.com/news/articles/2014-0...h-banks-1-
MPO's Q4, 2014 revenue is 267.7 million dollars
Q4 Net profit: 128 million dollars
Q4 earning per share 1.31 dollars current share price under 1 dollar..
it is very undervalued buyout candidate imho..
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