Midstates Petroleum (MPO) Pares Gains

Midstates Petroleum (NYSE: MPO) pared gained in afternoon trading Friday. Shares spiked earlier on rumors the company had hired Goldman Sachs and Morgan Stanley to help exploring a sale. However, with an enterprise value of $2.1 billion, including total debt of more than $1.7 billion, some investors are cautious, as suitors may not exactly be lined up.

You May Also Be Interested In

• Morgan Stanley Private Credit Fund Caps Redemptions At 5%
• Pelican Way Research shorts Hyliion Holdings (HYLN) on VFG deal concerns
• SpaceX Draws $89 Billion Peak Demand For Debut High-grade Bond - Bloomberg