Matador Resources (MTDR)
Posted: Mon Mar 24, 2014 4:50 pm
I spend most of the day updating my forecast model and profile for Matador Resources. It looks darn good and I should be sending out a Flash Alert on it this evening or in the morning. There is a good reason MTDR is leading the pack, up 27% YTD.
My Fair Value Estimate is $27.00/share, but I am still using a low multiple. With simple and very strong balance sheet combined with ~25% annual production growth locked in for several years, I could easily justify a higher multiple. If Q1 results hit my forecast, the valuation will be going up.
My goal this week is to finish updating all of the Sweet 16 profiles before our luncheon on Friday.
Torchlight has hired someone to video tape this Friday's luncheon. That should be fun.
My Fair Value Estimate is $27.00/share, but I am still using a low multiple. With simple and very strong balance sheet combined with ~25% annual production growth locked in for several years, I could easily justify a higher multiple. If Q1 results hit my forecast, the valuation will be going up.
My goal this week is to finish updating all of the Sweet 16 profiles before our luncheon on Friday.
Torchlight has hired someone to video tape this Friday's luncheon. That should be fun.