Thursday, February 2, 2012

Matador IPO Excitement!!!

In all of the excitement about Facebook's IPO and the crushing disappointment among market watchers that the company didn't choose a cute stock symbol (like "LIKE"), the initial public offering of Matador Resources was hard to notice.  The company priced its shares at $12/share and opened trading today at $11.75.  At the end of the day it closed at...$11.75.  So much for the IPO bump.  The opening price was a bit of a disappointment in the first place, as it was below the expected range of $14 to $16.

Matador is not a huge Haynesville player - it hasn't had a rig running in the play since February 2011 and it only has seven completions - but it is always nice from an analytic perspective to have another public company with a Haynesville presence from which to glean information.

Godspeed Matador!

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