Matador Resources Company (MTDR)

[Timothy Smith]

I agree with your comments. Price is moving as EIA data was more bullish than expected.

[56Chevy]

WTI currently up 4% today to $47 @ bbl.

I agree MTDR is positioned well for 2016 however the oil world is anything but normal right now. What it should do and what it will do is 2 different things. The top firms on Wall St have been saying oil remains under heavy pressure due to oversupply.

There is no reason to be seeing an oil rally today but here we are.

It's crazy ...we seem to be in opposite world.

Marker:
Matador Resources Co (MTDR)
$22.91 up 2.51 (12.30%)
Volume: 2,412,979

[Timothy Smith]

Wunderlich upped its MTDR price target to $37 from $35, positively surprised by the "excellent valuation" of $143M for the midstream assets, which the firm says should give MTDR plenty of dry powder to finance drilling and more midstream projects in 2016.

[56Chevy]

CL\M15 light sweet crude $59.96

Marker:
Matador Resources Co (MTDR)
$25.86 down .10 -(0.39%)
Volume: 479,105

*MTDR had a public offering of 7MM shares in April that raised $187.1MM dollars.

[DocLevi]

Shocker ... but is the offering not backing up Irene Haas, Wunderlich Securities, 4/29/2014 IBD?

Haas notes that it could be problematic if West Texas Intermediate oil prices fall below $60 a barrel...

[sailfreeee]

yup, she is doing well--no pun intended

[56Chevy]

Matador Resources reports record quarterly production

Apr 6 2015, 11:32 ET

- Matador Resources (MTDR +10.1%) says it achieved record quarterly production of ~2.1M boe during Q1, nearly double the 1.1M boe produced in the year-ago quarter and up ~10% from 1.9M boe produced in Q4 2014.

- MTDR attributes the strong result to newly completed wells in both the Delaware Basin and the Eagle Ford shale, as well as earlier completion dates on several Eagle Ford wells leading to less shut-in production during Q1.

- MTDR says production during March averaged ~25K boe/day for the first time in the company's history, and reached as high as 29K boe/day during the final two weeks.

http://seekingalpha.com/news/2410976-matador-resources-reports-record-quarterly-production

*Although normally good this news of record production is further evidence that despite the drastic lowering in the number of domestic rig counts in the last 6 months many E&P's continue to produce record numbers of BBL/day. Until this trend reverses, and or demand greatly increases, the price for WTI crude will remain under pressure ...and very volatile imo.

Storage is becoming a growing issue as well. Where do you put all this oil?? Got tank!

Marker:
Matador Resources Co (MTDR)
$28.92 up 1.42 (5.16%)
Volume: 1,151,060

[56Chevy]

MTDR up a robust 32% just in the last 3 weeks.

Matador Resources Co (MTDR)
$29.17 up 1.67 (6.07%)
Volume: 915,244

*Price of CL\J15 Light Sweet Crude has been on another volatile run since my last MTDR post on March 5th. It dipped to a low of $47 @ BBL and then rallied back to where it currently sits at this moment to $53.24.

From March 5th;

Marker:
Matador Resources Co (MTDR)
$22.62 down -0.32 (-1.39%)
Volume: 725,348

*Current price of CL\J15 Light Sweet Crude: $50.96 @ bbl.

** MTDR does not fluctuate in pps nearly as much with the daily ebb n' flow of crude prices as it does with most other E&P companies.

[56Chevy]

*Includes actual F&D costs (not including land costs), taxes and royalties.

What are F&D costs and why do they matter?

It goes without saying but one of the major factors that sets any company apart is its cost of doing business. - no surprises there. For an energy company this is mainly their Finding and Development (F&D) cost.

As the term suggests, this is simply the cost an energy company incurs in the process of purchasing, leasing, exploring, drilling, and developing (via infrastructure and equipment) oil and gas fields.

Marker:
Matador Resources Co (MTDR)
$22.62 down -0.32 (-1.39%)
Volume: 725,348

*Current price of CL\J15 Light Sweet Crude: $50.96 @ bbl.

[56Chevy]

North American Tight Oil Breakeven Prices ($/Bbl)

Utica Shale ---------- $68
Anadarko Tight Oil - $64
Alberta Bakken-------$55
Niobrara Shale -------$51
Cardium Shale -------$51
Permian Midland -----$50
Eagle Ford Shale ----$50
Bakken Shale ---------$44
Permian Delaware---$44

Source- Rystad Energy. Breakeven price is the price that will give a 10% RR for a given acreage position. Mature acreage positions with high production levels thus have a better breakeven oil price. *Includes actual F&D costs (not including land costs), taxes and royalties.

*Price of CL\J15 Light Sweet Crude at this moment is :$50.90 @ bbl.

[56Chevy]

Matador Resources Company Announces Closing of Delaware Basin Combination

Date : 03/02/2015 @ 6:00AM
Source : Business Wire
Stock : Matador Resources Company (MTDR)
Quote : $22.7092 -0.2308 (-1.01%) @ 3:09PM

DALLAS, Mar 02, 2015 (BUSINESS WIRE) -- Matador Resources Company MTDR, -0.87% (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an emphasis on oil and natural gas shale and other unconventional plays and with a current focus on its Eagle Ford operations in South Texas and its Permian Basin operations in Southeast New Mexico and West Texas, today announced on Friday, February 27, 2015 it completed the previously announced combination of its Delaware Basin assets with Harvey E. Yates Company (“HEYCO”), a subsidiary of HEYCO Energy Group, Inc. As a result of the transaction, Matador will assume operatorship of all of HEYCO’s operated properties in the Northern Delaware Basin.

Key attributes of HEYCO’s properties include the following:

• Approximately 58,600 gross (18,200 net) acres located in Lea and Eddy Counties, New Mexico.
• Approximately one-third of the acreage is operated, one-third is non-operated and operations on the remaining one-third will be pursued by Matador under various operating, farm-in and other agreements.
• Essentially all of the acreage is held by production from existing wells and production units with high net revenue interests greater than 75%.
• Average net daily production during the fourth quarter of 2014 of approximately 530 BOE per day (approximately 70% oil), including production from the recently drilled CTA State Com #3H and #4H wells.
• Net proved developed producing (“PDP”) oil and natural gas reserves of approximately 1.3 million BOE (approximately 60% oil) as of September 1, 2014, based on an independent reserves analysis prepared by Netherland, Sewell & Associates, Inc., excluding any contributions from the CTA State Com #3H and #4H wells. Notably, no proved developed non-producing (“PDNP”) nor proved undeveloped (“PUD”) reserves have been assigned to these properties.

The HEYCO assets strategically link Matador’s existing acreage in its Ranger and Rustler Breaks prospect areas. The acquired acreage increases Matador’s total acreage position in the Permian Basin at March 2, 2015 to approximately 152,400 gross (85,400 net) acres, providing Matador with an increased operational footprint throughout the northern Delaware Basin.

[....]

http://www.marketwatch.com/story/matador-resources-company-announces-closing-of-delaware-basin-combination-2015-03-02

*Matador Resources holds properties outside of the Permian Basin which have proven to be profitable but none beat the "breakeven" price per barrel wells in the Permian Delaware contain.

North American Tight Oil Breakeven Prices ($/Bbl)

Utica Shale -------- $68
Anadarko Tight Oil - $64
Alberta Bakken-------$55
Niobrara Shale ------$51
Cardium Shale -------$51
Permian Midland -----$50
Eagle Ford Shale ----$50
Bakken Shale --------$44
Permian Delaware-----$44

http://www.bing.com/images/search?q=permian+delaware+basin&qpvt=permian+delaware+basin&qpvt=permian+delaware+basin&FORM=IGRE#view=detail&id=3DB2C4CA2151562319998F92DE97CD9D7E4C479C&selectedIndex=30

[sailfreeee]

http://finance.yahoo.com/tumblr/blog-not-the-uneventful-week-we-expected-152943521.html

[spunky5]

Makes sense. Thanks for the info.

[sailfreeee]

JMO but it all has to do with the drop in oil. IMO the oil procuding countries are afraid of the us oil and gas companies--thus keep the oil low and drive the us companies out of business.

Heard this AM that Russia is cancelling plans to build a pike line under the Black Sea to Europe because oil is so cheap.

[spunky5]

Anyone know why this tanked?

[9HikeDiscGolf]

Matador Resources Company (NYSE: MTDR) reports Q2 EPS of $0.26 versus the estimated $0.30 , missing by $0.04 . EPS were Down 24% from the same quarter last year. Revenue came in at $90.90M versus the estimated $90.12M . Sales were Up 38% year over year.

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[sailfreeee]

http://www.thestreet.com/story/12824477/1/will-this-ratings-upgrade-help-matador-resources-mtdr-stock-today.html?puc=yahoo&cm_ven=YAHOO

[9HikeDiscGolf]

Capital One Financial initiates coverage on Matador Resources Company (NYSE: MTDR) with a Overweight rating and a $32.00 price target.

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[9HikeDiscGolf]

Canaccord Genuity initiates coverage on Matador Resources Company (NYSE: MTDR) with a Buy rating and a $33.00 price target.

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[9HikeDiscGolf]

Wow.. Nice Institutional Summary!!

Total Number of Holders 168
% of Shares Outstanding 55.6%
Total Shares Held 40,756,282
Total Value of Holdings 1,159,516,223
Net Activity 288,791

Read more: www.nasdaq.com/symbol/mtdr/ownership-summary#ixzz368YHJWFx

IMO

[9HikeDiscGolf]

I'm IN!!!

[sailfreeee]

http://finance.yahoo.com/news/zacks-analyst-blog-highlights-petrobras-114235830.html

[easyme]

Me too! Just a slow, steady climb.

MTDR!

[Planopenny]

love mtdr

[sailfreeee]

Matador Resources (MTDR) - FREE Research Report

Adams Craig N, who is EVP - Land & Legal at Matador Resources, bought 1,000 shares at $25.00 on June 2, 2014. Following this transaction, the EVP - Land & Legal owned 40,471 shares meaning that the stake was boosted by 2.53% with the 1,000-share transaction.

The shares most recently traded at $24.96, down $0.04, or 0.16% since the insider transaction. Historical insider transactions for Matador Resources go as follows:

¦4-Week # shares bought: 8,500
¦12-Week # shares bought: 8,500
¦24-Week # shares bought: 8,500


The average volume for Matador Resources has been 1.2 million shares per day over the past 30 days. Matador Resources has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are up 34.07% year-to-date as of the close of trading on Monday.

Matador Resources Company, an independent energy company, acquires, explores, develops, and produces oil and natural gas resources in the United States. The company has a P/E ratio of 19.1. Currently, there are 5 analysts who rate Matador Resources a buy, no analysts rate it a sell, and 1 rates it a hold.

[sailfreeee]

http://www.thestreet.com/story/12728175/1/insider-trading-alert--mtdr-aer-and-dks-traded-by-insiders.html?puc=yahoo&cm_ven=YAHOO

[boo boo]

Where's support? 23, 21, or a push to sub 18?

[sailfreeee]

Look's like the company feels $25 is fair price. We will see what others think.

Matador 7.5M share Spot Secondary priced at $25.00
RBC Capital acted as sole book running manager for the offering.

[boo boo]

They'll be adding 7.5 mil to the float on the open market from 'time to time'. I'll be looking to pickup some shares below his purchase price if they'll let me.

[sailfreeee]

Foran Joseph Wm, who is Chairman and CEO at Matador Resources, bought 5,000 shares at $23.60 on May 16, 2014. Following this transaction, the Chairman and CEO owned 33,250 shares meaning that the stake was reduced by 17.7% with the 5,000-share transaction.

[sailfreeee]

Another story

http://news.investors.com/043014-698971-gaslog-concho-resources-among-5-leading-young-gun-stocks.htm?ven=yahoocp&src=aurlled&ven=yahoo

[sailfreeee]

http://news.investors.com/042814-698703-matador-resources-oil-natural-gas-driller-gains.htm?ven=yahoocp&src=aurlled&ven=yahoo

Executing on its strong strategic focus, Dallas-based Matador was able to boost its oil and natural-gas revenue 72% to $269 million last year, and it expects to boost oil production around 40% this year after 76% last year.

Matador considers it a very promising area to drill, as company founder and CEO Joseph Foran described on a fourth-quarter 2013 conference call with analysts: "Not only do we consider this one of the best resource plays in the country, along with Eagle Ford (Shale Region)," he said, "but we consider the large majority of our acreage to be prospecting for multiple oil- and liquids-rich targets, including Wolfcamp and Bone Spring plays."

Read More At Investor's Business Daily: http://news.investors.com/business-the-new-america/042814-698703-matador-resources-oil-natural-gas-driller-gains.htm#ixzz30HVowpzk
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

[sailfreeee]

http://www.usatoday.com/story/news/nation/2014/04/07/us-natural-gas-exports-to-begin/7204925/

[sailfreeee]

http://video.cnbc.com/gallery/?video=3000264930

[sailfreeee]

March 25: Marcellus expected to help refresh nation's natural gas reserves


Natural gas in storage has fallen below 900 billion cubic feet for the first time in 567 weeks, according to an U.S. Energy Information Administration report today.

The EIA reported today that the nation's volume of gas in storage was 896 Bcf for the week ending March 21. That is down 57 Bcf from the preceding week and is the lowest since May 2, 2003. It is half the volume of gas in storage a year ago at this time and half the EIA's five-year average, having fallen below that average's lowest point.

The week before was the first time since 2003 -- years before the first Marcellus well was drilled -- gas in storage had fallen below 1 trillion cubic feet. Gas in storage has declined 19 weeks in a row.

A harsh winter in parts of the country prompted the withdrawals to keep supply constant. And even though the EIA earlier this month forecast record injections of gas into storage this summer, the agency predicted levels in October would be the lowest since 2008.

[Timothy Smith]

In 2008, the company produced an average of 1,506 barrels of oil equivalent a day. In 2011, that shot to 7,049 boe/d. And in 2012, production increased to an average of 9,000 boe/d.

[Timothy Smith]

Total proven reserves of 23.6 million barrels of oil equivalent.

And the company has grown production exponentially over the past five years.

[Timothy Smith]

Matador Resources has locked up a 165,486 gross acres (41,302 of which are in south Texas' Eagle Ford).

[boo boo]

Out on that trade for the bucker plus. Talk of strategic reserve being sold. We're overstocked, imo.

[boo boo]

They didn't give me the 50, so had to settle for a price a little above it. Appears as if I'll be a happy camper! Their hedge sucked, we'll see what tomorrow has in store.

[sailfreeee]

DICK’s Sporting is not the only firm we are looking up to this earnings season. The following companies are also likely to beat earnings in the to-be-reported quarter:

Matador Resources Company (MTDR) with Earnings ESP of +7.14% and a Zacks Rank #3

[sailfreeee]

http://www.cnbc.com/id/101470274?__source=yahoo%257cfinance%257cheadline%257cheadline%257cstory&par=yahoo&doc=101470274%257cNo+surge+seen+for+US+gas+

[Planopenny]

nice job :)

[boo boo]

Same. I got it under $8 also...BIG LOL! Later!

[Planopenny]

I win on this one ;)

[boo boo]

C'mon, where's the love? At minimum I pump quality!

[Planopenny]

LOL

[boo boo]

Took some off the table. Putting lipstick on this pig, being greedy (not good), but wanting that 'final push' into earnings.

[boo boo]

Juan Pablo over $50, watch the bull fight!

[boo boo]

MM's want your shares prior to earnings, imo.