MCEP - Mid-Con Energy Partners: A Continued Focus On Debt Reduction Is Likely
- Mid-Con's production may remain depressed for a while due to shut-in wells.
- This probably has no significant impact on its cash flow though since the shut-in production has high operating costs.
- Mid-Con may be able to reduce its credit facility debt to $50 million by the end of 2021.
- It realistically needs $50s oil to have decent upside, but appears capable of treading water for now with the help of hedges.
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Mid-Con Energy Partners: A Continued Focus On Debt Reduction Is Likely