Amplify Energy Corp (AMPY)

[kodom]

Got an earnings report coming on the 5th. Nothing is showing an improvement. Got me scratching my head

[r clarke]

This has moved up from just under $2 to near $3 in a month?

What gives? Been in and out of this a few times, even back in the MPOY days.

Why in the world is it moving up with the history of losses and current debt?

Anyone been more actively watching this? Whats the reason to be bullish?
Higher energy prices?

[ClayTrader]

* * $AMPY Video Chart 07-22-2020 * *

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

[Jack E]

Anyone still here?

[Renee]

Midstates Petroleum Company Inc. merged into Amplify Energy Corp., new ticker AMPY:

https://www.sec.gov/Archives/edgar/data/1533924/000119312519214089/d780768d8k.htm

[Renee]

Frequently, companies reorganizing in bankruptcy begin trading again under a new symbol with completely new share structures. Unfortunately the former share equity was cancelled so former shareholders are not included in the new equity unless specifically stated in the reorganization PLAN.

[Countmein]

Whats up with this company now? I notice it's trading on the NYSE as MPO. $16.41

[Renee]

We see this type of irrational exuberance on too many BK stocks where share cancellation is a 99% probability. The high risk takers should join gamblers anonymous.

[lucky, mydog]

PPS was up 27% today and closed at .14 on 222,000 shares.

ouch.

[Renee]

MPOYQ: BK PLAN effective. All shares cancelled. *** PPS was up 27% today and closed at .14 on 222,000 shares.

http://otce.finra.org/DLDeletions

[Countmein]

Is anybody keeping up with the bankruptcy here?

Count

[tmonkey]

someone is gonna get these assets for Pennies on the dollar and we commons will get shafted!!!!---im half out and have written the rest off------------------tmonkey

[T.P.G. INVESTMENTS]

Mpoyq now

[pitacorp]

All thier debt is unsecured... They can walk away from all their debt, how can that not be a plus????...

[saturn_five]

No surprise that Midstates goes BK (chapter 11)
12 months ago, smart money (not me) was shorting this at ~ $12.00. Early in 2016, smart money (not me) was shorting @ ~ $2.00. 5 years ago, WTI was ~ $100/bbl. Today, it dipped back below $45. Dammit ... shorties win !
Let the tax-loss harvesting begin.

[MrMooo]

Thanks for the response Tmonkey... Was starting to wonder if I was alone on this ride.....

[tmonkey]

oil coming back-this will rebound hard too----i bt in too early on the way Down from that big vol. spike to 7 bucks----i have avgd dn to under a buck now and sleep well at nite with oil coming back--my biggest holding now1!-im sure some of the giants out there would love the reserves here at a few dollars a share minimum----soeone already has a big piece on that run to 7$$$$$$$$$$$$$$--come on and tke the rest!!------------tmonkey

[MrMooo]

New to this board but not to MPOY.... Got on board after it delisted and picked up 20,000 plus shares in the .20's & .30's..... Can't wait for oil to start creeping up toward prices of the past.... GTLA

[Longer Than Most]

Maybe not this week, but soon. Slow and steady. Not a lot of sellers. Float is getting locked

[kravec]

This thing is moving! 1+ by EOW?

[zino]

5O Day moving Avg. 1.O6 !!!!

[zino]

5O Day moving Avg. 1.O6 !!!!

[zino]

5O Day moving Avg. 1.O6 !!!!

[zino]

MPOY... DELISTED NOW PINKY BILLION DOLLAR OIL

[zino]

agree...UPL run soon !!!!

[tmonkey]

just a matter of time before a whale buys this Company for a fraction of what there reserves are worth!!!!!---------tmonkey

[CashCowMoo]

Might be worth spending some time watching and reading up on this one

[stocksplit123]

oil moving up now

[r clarke]

Was bizarre how pps moved up and then the delisting came.

[stocksplit123]

actually you should talk to jason investor relations since specualting doesnt help, they have still plenty of cash in reserves and if oil rebounds during this year to 50 which is possible, mpo will be looking a lot better and probably uplist back on the nyse

[saturn_five]

When crude oil fell off a cliff, smart money (not me) was shorting a lot of these over-leveraged "Explorer & Producers"... including MPO. Shorting them right off the NYSE, de-listed down to the OTC pinks ... possible BK on the horizon. Including all costs of production (servicing massive debt, etc ), it probably now costs MPOY more than a dollar to lift a dollar's worth of oil.
It will be interesting to see what the 'end game' looks like ... doesn't seem likely that MPOY can survive in it's current form (?)
Tax-loss harvesting ?
GLTA

[stocksplit123]

oil moving up

[Volcane]

On whatch indeed

[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.