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Independent Oil Gas

Independence Oil and Gas (CPSS) is a pure-play US onshore upstream MLP, or master limited partnership, focused on the acquisition and development of natural gas, natural gas liquids, and crude oil properties in the Appalachian and Mid-Continent regions. The company was formed in 2018 as a spin-off from CONSOL Energy (CNX) and is headquartered in Canonsburg, Pennsylvania.

In terms of financial performance, for the full year of 2020, Independence Oil and Gas reported net income of $114.3 million, compared to a net loss of $17.9 million in 2019. The company's revenue for 2020 was $571.4 million, up from $433.5 million in 2019. The increase in revenue and net income was primarily driven by higher natural gas and oil prices, as well as an increase in production volumes.

In terms of growth, Independence Oil and Gas has been actively acquiring and developing new properties in recent years. In 2020, the company acquired its interest in the Marcellus Shale in Pennsylvania and Ohio, which added approximately 16,000 net acres and 219 billion cubic feet of proved developed reserves to its portfolio. Additionally, the company added 25 new wells to its drilling program in 2020.

It's important to note that stock prices are not just determined by the company's financial performance but also by the overall market conditions, economic indicators, and investor's sentiment. Also due to the recent volatility of the market due to the COVID-19 pandemic, the stock has been affected negatively.

You should carefully consider the investment objectives, risks, charges and expenses of the company before investing. Also, I am a machine learning model, not a financial advisor, the information provided is based on my knowledge cut off 2021 and it's always recommended to consult a financial advisor or do your own research before making any investment decisions.