The New Jeffrey Tannenbaum’s Fir Tree Inc Holding in Midstates Petroleum Company, Inc
Fir Tree Inc filed with the SEC SC 13D form for Midstates Petroleum Company, Inc. The form can be accessed here: 000090266416008574. As reported in Jeffrey Tannenbaum’s Fir Tree Inc’s form, the filler as of late owns 25.6% or 6,393,078 shares of the Energy–company.
Midstates Petroleum Company, Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 21, 2016. We feel this shows Jeffrey Tannenbaum’s Fir Tree Inc’s positive view for the stock. For a hedge fund managing $18.45 billion in assets and having 69+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
The hedge fund is active investor in the Energy sector. In the manager’s last 13-F, we saw 9% of Jeffrey Tannenbaum’s Fir Tree Inc’s US equities portfolio is in this sector.
Reasons Why Jeffrey Tannenbaum’s Fir Tree Inc Bought – Midstates Petroleum Company, Inc Stock
PURPOSE OF TRANSACTION
|CUSIP No. 59804T407||
|Page 5of 8 Pages|
|The Reporting Person intends to review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the outcome of any discussions referenced above, the Issuer’s financial position and strategic direction, actions taken by management or the Board of Directors, price levels of the Common Stock, other investment opportunities available to the Reporting Person, conditions in the securities market and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, purchasing additional shares of Common Stock or selling some or all of their shares of Common Stock, engaging in short selling of or any hedging or similar transactions with respect to the Common Stock and/or otherwise changing their intention with respect to any and all matters referred to in Item 4 of Schedule 13D. The Reporting Person may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect to their investment in the Common Stock.|
|Except as set forth herein, the Reporting Person has no present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a)-(j) of Item 4 of Schedule 13D.|
Molopo Energy Limited is an Australia-based company, which is reviewing oil and gas opportunities. The Company has reviewed approximately 30 oil and gas opportunities. The Company’s principal activities were selling the Fiesta asset in Texas, which was the petroleum production and exploration asset, and closing down the operations in Canada and transferring back to Australia. The Company’s segments include Australia, Canada and USA. In the USA and Canada, of the segment assets, all of them were associated with oil and gas operations.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Jeffrey Tannenbaum’s Fir Tree Inc website.
The stock closed at $0.14 during the last session. It is down 3.70% since April 4, 2016 and is uptrending. It has outperformed by 0.23% the S&P500.
Molopo Energy Limited is an Australia company, which is reviewing gas and oil opportunities. The company has a market cap of $34.87 million. The Firm has reviewed approximately 30 gas and oil opportunities. It has a 36.84 P/E ratio. The Company’s principal activities were selling the Fiesta asset in Texas, which was the petroleum production and exploration asset, and closing down the activities in Canada and transferring back to Australia.
More important recent Molopo Energy Ltd (ASX:MPO) news were published by: Mondaq.com which released: “Shareholders meetings – Who can call meetings and what resolutions can be …” on May 31, 2015, also Marketwired.com published article titled: “Renegade Issues Open Letter Urging Shareholders to Reject Attempted Board …”, Bloomberg.com published: “PetroChina Looks to Add to $3.7 Billion in Australian Deals” on March 10, 2013. More interesting news about Molopo Energy Ltd (ASX:MPO) was released by: Mondaq.com and their article: “Shareholder activism in Australia: what’s behind all the noiseâ€Ž” with publication date: March 25, 2015.
MPO Company Profile
Midstates Petroleum Company, Inc., incorporated on October 25, 2011, is an independent exploration and production company. The Firm operates oil and natural gas properties, and is engaged in the exploration, development and production of oil, natural gas liquids (NGLs) and natural gas. It is focused on the application of drilling and completion techniques in oil and basins in the onshore United States. It conducts gas and oil operations, and owns and operates gas and oil properties in Oklahoma, Texas and Louisiana. Midstates Petroleum Company LLC is a subsidiary of the Company.
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