Mid-Con Energy Partners (MCEP) continues to languish as a penny stock that may be subject to eventual delisting. The challenge for Mid-Con is that oil prices are still relatively weak. At $50 WTI oil (current 2021 strip), Mid-Con can't do much to improve its value. Even 10%+ production growth plus strategic acquisitions will probably still leave its common units with no intrinsic value.
On the other hand, strategic acquisitions and spending on production growth could push its value well over $1 per common unit with sustained $60 WTI oil. Oil prices remain