Amplify Energy Corp (AMPY)

[~ Blue ~]

Bloomberg says biggest shareholder exploring a sale

BLOOMBERG: MPO Said to Explore Possible Sale With Banks

by Matthew Monks


May 16 (Bloomberg) -- Midstates Petroleum Co., a Texas energy company backed by First Reserve Corp., is exploring a sale, people with knowledge of the matter said.

Midstates, which has an enterprise value of $2.1 billion, is working with Goldman Sachs Group Inc. and Morgan Stanley to solicit offers, said the people who asked not to be identified because the information is private. The company has a market value of about $418 million, and total debt of more than $1.7 billion at the end of March, data compiled by Bloomberg show.

The shares jumped 10 percent to $5.92 at the close in New York, paring a slump of about 60 percent in the past two years.

The Houston-based company’s Chief Executive Officer John Crum resigned in March, and was replaced by interim CEO Peter Hill. The company, which explores for oil and gas in Louisiana, Oklahoma and Texas, reported this month a net loss of about $84 million in the first-quarter.

Spokesmen for Goldman Sachs, Morgan Stanley and Midstates declined to comment.

First Reserve, a private-equity fund that focuses on the energy sector, owns 38 percent of Midstates, data compiled by Bloomberg show.

U.S. oil and gas dealmaking is up 23 percent so far this year, to $27.3 billion in announced deals, as large exploration companies such as Apache Corp. and Occidental Petroleum Corp. shed unwanted swathes of land, according to data compiled by Bloomberg.


http://www.bloomberg.com/news/articles/2014-05-16/midstates-petroleum-said-to-explore-possible-sale-with-banks-1-
------------------------------------------------------------------

$21.5 Billion Fund accumulated 27 million MPO shares in 2014


MIDSTATES(MPO) New 27,147,651

Read more: http://www.nasdaq.com/quotes/institutional-portfolio/first-reserve-gp-xii-ltd-880329#ixzz3ViNH7wyW


http://www.firstreserve.com/go.asp?Go=!SiteStation&x=TPLGen&ResType=Folder&ResID=620&TPL=HomePage.htm

FIRST RESERVE, 21.5 BILLION DOLLARS FUND

http://en.wikipedia.org/wiki/First_Reserve_Corporation
------------------------------------------------------------------
~~~~~~~~~~~~ 2 HEDGE FUNDS INCREASED SHARES ~~~~~~~~~~~

A) Billionaire Hedge Fund Manager Steven Cohen increased shares to 7.1% from 5%

http://www.sec.gov/Archives/edgar/data/1533924/000089914015000076/m13492666a.htm


Cohen was holding 5% of shares last year.

http://www.insidermonkey.com/blog/billionaire-steven-cohen-initiates-position-in-midstates-petroleum-company-inc-mpo-boosts-stake-in-zynga-inc-znga-318719/

****************************************************************

B) Private Hedge Fund Aristeia Capital increases shares to 6.73% from 5.83%

http://www.sec.gov/Archives/edgar/data/1080171/000101143815000097/form_sc13g-midstates.htm

Aristeia was holding 5.83% of MPO shares.

http://www.sec.gov/Archives/edgar/data/1080171/000101143814000118/form_sc13g-midstates.htm
------------------------------------------------------------------

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/20150309005248/en/Midstates-Petroleum-Announces-CEO-Director-Succession-Plan#.VRYl9-FyTLU

About MPO's New CEO Frederic F. Brace

http://www.bloomberg.com/research/stocks/people/person.asp?personId=1127102&ticker=UAL
------------------------------------------------------------------

Like ANADARKO CEO said Lower oil prices could bring more acquisitions

http://fuelfix.com/blog/2014/10/29/anadarko-ceo-lower-oil-prices-could-bring-more-acquisitions/
------------------------------------------------------------------

when i checked all the news and brings all the puzzle together MPO is a very undervalued and good buyout candidate..


STAY TUNED!