Matador Resources Company (MTDR), like most oil and gas E&P (exploration and production) firms, has seen a wild ride over the past year or so. Despite the intense pain inflicted on the industry earlier this year as energy prices turned negative, the company managed to pull through remarkably well. Data provided by management covering the second quarter of the company’s 2020 fiscal year (though toughest quarter we are likely to see this year) was actually upbeat in many ways. This, combined with changes to management’s own guidance for the company for the full