Amplify Energy Corp (AMPY)

[stocksplit123]

yes and when oil rebounds this will fly a lot higher

[keekee]

This is definitely an interesting one. The last ER show that Adjusted EBITDA of $80 million outpaced operational capital by $25 million. Adjusted EBITDA outpaced operational capital by $62 million for the first 9 months of 2015. And it produces oil (cash adjusted opex at $10.32 Boe while pumpin 32609 Boe per day. The major reason for the delisting is the $35 million requirement. I owned 5000 before delisting and I bought another 5000 at $0.33. Will add to it if I can sell something else.

[stocksplit123]

this is a low float stock, only 10M,

[beach_trades]

when does it start trading on OTC

[stocksplit123]

no, talked with i.r today, they didnt meet the nyse requirements, but still has sizable amount of cash in reserves, oil price going up in the future will help them a lot

[Renee]

MPO changed to MPOY and delisted from the NYSE to the OTC.

http://otce.finra.org/DLAdditions

[Esquire 90]

Thanks yea I saw the positive analysts recommendations and was expecting a bounce with oil, not the carnage that unfolded.

[TheTop]

No one expected the delisting yesterday. In august 2015 MPO filed that NYSE has granted their listing for another 18 months which means a secure listing till Februar 2017.

This isn't a done case, lawsuits may come.

[TheTop]

Yesterday Zacks published it's value stock alert yesterday and expects MPO to reach $5.166

Midstates Petroleum Company, Inc. (NYSE:MPO) has scored a place in the list of firms having top value style score. This firm list is prepared by Zacks Research after analyzing numerous factors related to the firm. These stocks have mostly awarded investors, with robust returns.

Value investor always wants to invest in stocks that come in the list of undervalued stocks. These are the stocks that tend to trade at a much lower price against financial figures. Value stocks are decided by looking for low price to book ratio. Also, the stocks, with low price to earnings ratio makes a place in the list of undervalued stocks. Along with financial factors, investors follow analysts’ stock views to take an investment decision. As per them, Midstates Petroleum Company, Inc. (NYSE:MPO) has rating of 2.33, and strongly represents the market consensus of firms included in Zacks Research poll.

Zacks rating system follows giving a rating on a 1 to 5 scale where inclination towards sell increases as rating shifts from 1 to 5. The research companies now expect the stock to reach $5.166 in coming fiscal. This estimate is based on the stock view of 3 analysts.

The target price range of stock is set in a range of $4 to $6 for coming year. Also, the EPS estimate is set at $-6.39 in the financial report scheduled to release on 2016-03-21. For the quarter ended 2015-09-30, the EPS came at -0.95, revealing a surprise factor of 71.47%

[TheTop]

This was NOT expected. They filed 18 months from august 2015..........

[Esquire 90]

I have no position, but is the company going out of business, what happened, I know they have debt but this is a nasty decline.

[crost99]

Looks like new symbol MPOY. That's what it's showing in my account.

[crost99]

Yes they were warned several months ago they had to have a market cap above 50 mil to stay on NYSE. Really no way to do that with oil prices the way they are. Sad reality of the oil business...

[bcapps66]

Was this expected? I don't remember seeing any warning on this....

[crost99]

Halted on delisting by NYSE.

[FunBucks]

what's up with the trading hold on MPO?

[Esquire 90]

Watching for a pullback, I think it could dip or skyrocket on Monday, same chance for either. Chart looks good but worried the .67 to 1.02 was the end.

[tmonkey]

not that many shares there when chase Begins here---still remember that last run!!-buyout here???------------tmonkey

[r clarke]

Think the spike in oil is a bit of a fluke, and short term things will get a bit worse.

[tmonkey]

timeline is hard to guess----i have bt all the way Down amd thought 1,70 was a deal---this will be a reserve play for an Exxon ---Shell monster imo-----------tmonkey

[watchteslahit50]

Who knows, I was surprised to see oil rally Friday, and there is M&A rumblings. Not sure how Iran getting off sanctions will affect us though.

With its holdings, if MPO can hold on this will turn around nicely eventually. What that time frame is I dont know.

[tmonkey]

i still think buyout is in the Cards here-----2-3$ anyone??---------tmonkey

[skells]

Very possible this will spike soon, we've seen it how many times before.

Lifting of Iran sanctions will postpone any possible rally for a couple weeks, and you may even see some further erosion of share price.

.. but any good news will move MPO up.

[tmonkey]

ive bt all the way Down and in the red now but when this turns it will turn fast-----------tmonkey

[tmonkey]

im buyin Down here---hopin for a buy out from one of the big boys and firing this gouging management once and for all--------tmonkey

[tmonkey]

here we go!!!!!!!!!-----how low will it go++---------tmonkey

[tmonkey]

looks like they wil get it under 2 Again before any run----and pr of oil isnt hurting this happening---hoping for a buyout but maybe oik will have to show some teeth first-----------tmonkey

[tmonkey]

Again with this small float shorters must be sweating on daaily rises now as well as new investors hoping for trouble in the mid East---opec showing teeth-or any other reason for oil to rise.---at these Lows could come from any where---ive got a few ----wish i had powder for more--------tmonkey

[saturn_five]

Crude (WTI) now at about $37.25 .... how is MPO's debt+leveraging not fatal ? Amazing to see: In the past 18 months, mpo has lost ~92% of it's value. In 2015, YTD, mpo is down about 80%.
Unfortunately, mpo makes the list of "Bottom of the Barrel E&P's."
Smart money ( not me) was shorting this plunger.
Now it's " buy back to cover. "

[tmonkey]

here we go---mini float will make chase up faster--------wish i had added more the last few days---------glta---------tmonkey

[tmonkey]

on big pop last---the Whole foat was turned over at much higher prises-if the os is 10mill!!---and it kept rising in the days after----my guess is the float is pretty well sewn up here at much higher prices!!---tmonkey

[tmonkey]

at these prices im buyin Again!!-missed the Lows today but chasin abit now--one of the big boys must be lookin at them for the great reserves they have!!----and they can axe the freeloader directors<!!---any trouble in mid East will be a bonus and we all know thats just a matter of time!----tmonkey

[tmonkey]

the last big jump on big vol smelled buyout to me-----seems ike the best bet to cut Loose the directors pumping this dry to feed their bank accnts!!!-,24 at pre split prices-and alot liked it at a buck!!------tmonkey

[recap7]

They would limit the bleeding by filing.
I would suspect they're close, they've hired the experts to help them with reorganization.

[recap7]

They would limit the bleeding by filing.
I would suspect they're close, they've hired the experts to help them with reorganization.

[skells]

What is the advantage for MPO to file?

I think they'll just hold on as long as they can
even if they run up more debt.

[recap7]

They dont survive this. MPO is already insolvent, they just havent done the paperwork.

Couple of spikes but trending down now. Be interesting to watch how long they can hang on.

[Timothy Smith]

The move up was very interesting to me as well. Could have to do with an internal power struggle or need to increase ownership to influence upcoming decisions.

Truth is many will not sustain much longer. The only way is if you don't have too much debt and if you do having the ability to sell equity or assets to "buy" enough time to outlast the downcycle.

The industry is leveraged to the hilt by outspending cash flow 2 to 1 since 2008 on unsubstantiated reserve calculations.

[r clarke]

Since they've already hired a company to help with reorganization, I'm afraid you're right.

Very interesting how the pps has risen, despite all indications being that MPO will be forced to BK.

Someone referred to MPO's current situation as the perfect storm. Low oil prices, inability to sell assets due to entire segments depression, and inability to borrow more. How does any company survive whats happened?

[Timothy Smith]

Price recovery won't save this or many others. I would be significantly concerned to hold past the recent rally unless something fundamental changes.

[recap7]

Options for MPO are dwindling. Hard to sell assets when several companies may declare BK within the next few weeks.

Impossible to borrow, MPO is already maxed out with debt.

Unless oil prices turn around quickly, I don't see how this ends well. ... and that's becoming a long shot, thanks to Obama letting Iran sell oil again.

[Timothy Smith]

Maybe they were able to bring in some support to get the price up. However I've had some concerns over the mid term solvency. What do you think?

[PAC]

Hey, Tim, I'm thinking low float play, oil bounce, NYSE minimum requirement

[Timothy Smith]

@Pac - what was the movement based on?

[PAC]

MPO 7.5!! HIGHS

[PAC]

MPO 5.8 +12% while oil down

[ClayTrader]

* * $MPO Video Chart 08-31-15 * *

Link to Video - click here to watch the technical chart video

[PAC]

MPO from low $4s, setting up to beast

[PAC]

MPO 5 basing so far

[ospreyeye]

$MPO Chart – huge move today on monster volume – the 50 DMA @ 5.62 is the key level to close above & turn into support – a close above the 50 day simple moving average puts the 100 DMA @ 8.54 on deck – monster volume spike – RSI & fast STO are in the bull zone –