Matador Resources Subsidiary Agrees To Acquire Paloma Permian For Cash Payment Of $1.275B
Matador Resources Company (NYSE:MTDR) ("Matador" or the "Company") announced today two of its catalysts for this year. First, a wholly-owned subsidiary of Matador has entered into a definitive agreement
Matador Resources is buying another oil company for $1.3 billion, which means they're spending big money to grow their business. When companies make large purchases, watch if their profits stay strong—big spending can help them later, but it also costs money right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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