StockNews.AI
MTDR
StockNews.AI
137 days

Matador Resources Company Announces Sale of Its Eagle Ford Assets and Provides an Update on the Strength of Its Balance Sheet

1. Matador sold its remaining Eagle Ford shale assets in South Texas. 2. The company updated on its strong balance sheet and hedging position.

2m saved
Insight
Article

FAQ

Why Bullish?

The divestiture of non-core assets may enhance focus and capital efficiency, similar to historical strong performance following asset sales in oil companies.

How important is it?

The sale of non-core assets and updates on financial health can influence investor confidence and stock performance.

Why Short Term?

Immediate gains may arise from improved capital allocation and market perception post-sale, as seen with similar companies.

Related Companies

OXYPXDCLR
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador”) today announced the sale of its remaining Eagle Ford shale position in South Texas and provided an update on its current hedging position, the strength of its balance sheet and steps Matador has already taken in response to current circumstances. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, “Matador is pleased to announce that we recently sold our two remaining acreage and production positions in th.

Related News