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.

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