MTDR - Matador Resources: Batter Up!
2024-06-25 09:00:00 ET
Summary
- Matador Resources made a significant acquisition of Ameredev, boosting their position in the Delaware basin.
- The deal was financed with $1.905 billion in cash, indicating potential strategic reasons for choosing this route over a stock swap.
- Matador's aggressive development practices and strong asset position in the Delaware basin make it an attractive investment opportunity with potential for growth and shareholder returns.
Introduction
Matador Resources ( MTDR ) made a bit of a splash in the shale space the other day with the announcement of the acquisition of Ameredev . Already one of the Delaware basin's top ten producers, the Ameredev deal moves them up a couple of more notches with what they term as a, "Bolt-On" acquisition....
Matador Resources: Batter Up!