Bruce Vincent - Midstates Petroleum Director

Director

Mr. Bruce H. Vincent serves as Director of the Company. Mr. Vincent served as a director of Swift Energy Company from May 2005 until February 2015 and as President of Swift Energy Company from November 2004 until February 2015. Mr. Vincent previously served in a variety of strategic roles for Swift Energy Company, including as Secretary from February 2008 until August 2012 and from August 2000 until May 2005, as Executive Vice PresidentCorporationrate Development from August 2000 to November 2004, and as Senior Vice PresidentFunds Management from 1990 to 2000. Mr. Vincent has previously acted as chairman of the Independent Petroleum Association of America since 2016.
Age 67
Tenure 8 years
Professional MarksMBA
Phone713 490-8900
Webwww.amplifyenergy.com
Vincent received a B.A. degree from Duke University and a MBA degree from the University of Houston.

Midstates Petroleum Management Efficiency

The company has Return on Asset of (0.0512) % which means that on every $100 spent on assets, it lost $0.0512. This is way below average. Midstates Petroleum's management efficiency ratios could be used to measure how well Midstates Petroleum manages its routine affairs as well as how well it operates its assets and liabilities.
The company has 65.63 M in debt with debt to equity (D/E) ratio of 15.0, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Midstates Petroleum has a current ratio of 0.85, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Midstates Petroleum until it has trouble settling it off, either with new capital or with free cash flow. So, Midstates Petroleum's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Midstates Petroleum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Midstates to invest in growth at high rates of return. When we think about Midstates Petroleum's use of debt, we should always consider it together with cash and equity.

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As of August 6, 2019, Midstates Petroleum Company, Inc. was acquired by Amplify Energy Corp., in a reverse merger transaction. The company was founded in 1993 and is headquartered in Tulsa, Oklahoma. Midstates Petroleum operates under Oil Gas EP classification in USA and is traded on New York Stock Exchange. It employs 85 people. Midstates Petroleum (MPO) is traded on New York Stock Exchange in USA and employs 85 people.

Management Performance

Midstates Petroleum Leadership Team

Elected by the shareholders, the Midstates Petroleum's board of directors comprises two types of representatives: Midstates Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Midstates. The board's role is to monitor Midstates Petroleum's management team and ensure that shareholders' interests are well served. Midstates Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Midstates Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Mogford, Independent Director
Randal Klein, Independent Director
David Proman, Independent Director
Yaniv Stern, Non-Executive Director
George DeMontrond, Independent Director
Mitchell Elkins, Executive VP of Operations
Samuel Belzberg, Non-Executive Director
Nelson Haight, CFO and Executive VP
Alan Carr, Director
Todd Snyder, Director
Bruce Vincent, Director
Patrice Douglas, Director
David Sambrooks, President CEO, Director
Andrew Metcalfe, Company Secretary
Thomas Knudson, Independent Interim Chairman of the Board
Paul Belliveau, CFO
Neal Goldman, Director
Michael Reddin, Director
Antony Sormann, Non-Executive Director
Evan Lederman, Independent Director
Robert Ogle, Director
Bruce Stover, Director
Ronnen Rosengart, Non-Executive Director
Samantha Tough, Independent Interim Non-Executive Chairman of the Board
Frederic Brace, CEO and President and Director

Midstates Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Midstates Petroleum a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Consideration for investing in Midstates Stock

If you are still planning to invest in Midstates Petroleum check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Midstates Petroleum's history and understand the potential risks before investing.
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