ForReal
5年前
Hard to say. I bought twice today after selling a couple of days ago at $8.20. Kind of like grabbing a falling knife today. But, I expect it to rebound. Gasoline went up .10 a gallon in my town yesterday. Oil prices seem to be climbing.
I doubt it will go below $5 again. Might get below $6 though. I'm not one to wait for a bottom or a top. I just go with what I think the stock is worth and in this case, what it will be worth in the not too distant future. I'm holding both MTDR and MRO (Marathon). Been swing trading both of them, but, will keep what I own now. Made some nice money the last month or so. But, I'm seeing a recovery because, as you say, states are starting to open back up, whether governors are allowing it or not.
Trying to figure the market and oils stocks in particular, right now, is somewhat difficult. I'm a bit down on what I bought today, but I'm happy for the long term and/or within what the year will bring.
eFinanceMarkets
7年前
$MTDR Matador Resources (MTDR +3.2%) is higher after announcing a new strategic partnership with Plains All American Pipeline (PAA +2.6%) to gather and transport crude oil for MTDR and other producers in the Rustler Breaks asset area in New Mexico.
The agreement also includes a joint tariff arrangement to offer third-party producers located within a joint development area of ~400K acres in crude oil transportation services from the wellhead to Midland, Tex., with access to other end markets, such as Cushing, Okla., and the Gulf Coast.
With Delaware Basin transportation costs rising, MTDR says it expects to amass "substantial" savings by transporting increasing volumes of its oil by pipeline.
Plains is expecting to complete a mainline extension from its current long-haul pipeline system in Texas during Q2 or Q3.
eFinanceMarkets
8年前
Matador Resources sees 38% Y/Y production gains in 2017
Matador Resources (MTDR -1.6%) is lower after updating its 2017 guidance, in which it forecasts oil production of 6.9M-7.2M barrels, an 38% Y/Y increase at the midpoint of guidance vs. 5.1M barrels produced in 2016.
MTDR also sees 2017 natural gas production of 33B-35B cf, 11% higher at the midpoint of 2017 guidance vs. 30.5B cf produced in 2016.
MTDR says the updated guidance reflect its decision to drill and complete a five-well operated program in the Eagle Ford shale, with associated capex expected at $30M, or ~6% of the company’s total 2017 estimated capex.