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MCF - Mid-Con Energy Partners: The Market Is Finally Beginning To Understand
Contango Oil & Gas Company (TX)
One company hit hard by the recent downturn caused by COVID-19 this year has been Mid-Con Energy Partners (MCEP). Already a questionable prospect in the eyes of the market, the company was slammed by fears that falling crude oil and natural gas demand might cause a massive glut that, in turn, would push prices lower for an extended period of time. Energy prices did drop in response to broader economic fears, but they have since rebounded to some extent. In response to this crisis, management struck up a major deal with Contango Resources,