MPO - Amplify Energy And Midstates Petroleum: No Longer A Marriage Of Equals

Nearly two months ago, the management teams at Amplify Energy (OTCQX:AMPY) and Midstates Petroleum (MPO) announced plans to merge the two companies into a 50/50 ownership structure whereby the firms could operate together, generate at least $20 million in run-rate synergies, and benefit from a relatively low-leverage capital structure. This move was, at first, met with significant enthusiasm, but as time wore on, both firms have taken a beating, leaving investors to question if the deal still makes sense and whether or not either of these players are reasonable investment prospects.