Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Matador Resources Company has continued to impress with its performance during the third quarter of 2024, with several strategic moves and operational efficiencies contributing to strong results.</li><li>As discussed in the earnings call, Matador's proactive asset management and acquisition strategies, particularly the Ameredev acquisition, are poised to enhance its operational scope and efficiency.</li><li>This acquisition not only enhances Matador’s resource base but has also started contributing positively ahead of expectations.</li></ul>

Matador Resources Company has continued to impress with its performance during the third quarter of 2024, with several strategic moves and operational efficiencies contributing to strong results.As discussed in the earnings call, Matador's proactive asset management and acquisition strategies, particularly the Ameredev acquisition, are poised to enhance its operational scope and efficiency.This acquisition not only enhances Matador’s resource base but has also started contributing positively ahead of expectations.

Matador Resources Company: Midstream Asset Optimization & Strategic Cost Reductions Driving Our Optimism!  - Major Drivers

<ul><li>Matador Resources Company, in its Second Quarter 2024 Earnings Conference Call, demonstrated a robust operational performance, paired with ambitious future projections that reflect both organic growth and strategic acquisitions.</li><li>The company has shown a commendable scale of growth from its inception to the present, reaching over 95,000 barrels per day from an initial rate of about 3,300 barrels per day.</li><li>This growth trajectory is particularly noted in the increase of proved reserves to approximately $500 million and projections to boost these to over $600 million following the potential acquisition of Ameredev, contingent on governmental and regulatory approvals.</li></ul>

Matador Resources Company, in its Second Quarter 2024 Earnings Conference Call, demonstrated a robust operational performance, paired with ambitious future projections that reflect both organic growth and strategic acquisitions.The company has shown a commendable scale of growth from its inception to the present, reaching over 95,000 barrels per day from an initial rate of about 3,300 barrels per day.This growth trajectory is particularly noted in the increase of proved reserves to approximately $500 million and projections to boost these to over $600 million following the potential acquisition of Ameredev, contingent on governmental and regulatory approvals.

Matador Resources Company: Will The Acquisition of Ameredev Assets Be A Game Changer In The Delaware Basin? - Major Drivers

<ul><li>Matador Resources Company has reported a promising start to the first quarter of 2024, with significant advancements in operational and financial aspects.</li><li>The company has successfully enhanced its infrastructure, expanded financial capacities, and is preparing for substantial well completions, indicating a robust growth trajectory.</li><li>From an operational perspective, Matador Resources has effectively integrated a significant pipeline system totaling 595 miles.</li></ul>

Matador Resources Company has reported a promising start to the first quarter of 2024, with significant advancements in operational and financial aspects.The company has successfully enhanced its infrastructure, expanded financial capacities, and is preparing for substantial well completions, indicating a robust growth trajectory.From an operational perspective, Matador Resources has effectively integrated a significant pipeline system totaling 595 miles.

Matador Resources Company: Enhanced Production and Resource Optimization A Critical Growth Catalyst? - Major Drivers

<ul><li>Matador Resources Company had a strong performance over the past year, with increases in production, revenue, lease acreage, inventory and dividends.</li><li>They also managed to decrease costs including Lease Operating Expenses (LOE), drilling costs, General and Administrative (G&A) costs, and debt.</li><li>This overall performance indicates a positive direction for the company, contributing both to investor confidence and company stability.</li></ul>

Matador Resources Company had a strong performance over the past year, with increases in production, revenue, lease acreage, inventory and dividends.They also managed to decrease costs including Lease Operating Expenses (LOE), drilling costs, General and Administrative (G&A) costs, and debt.This overall performance indicates a positive direction for the company, contributing both to investor confidence and company stability.

Matador Resources Corporation: Initiation Of Coverage - Extension of Midstream Infrastructure

European Event-Driven Analyst

Jesus Rodriguez Aguilar

Event-Driven

<ul>
<li>Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.</li>
<li>Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.</li>
<li>The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).</li>
</ul>


Conocophillips is set to acquire Marathon Oil in an all-stock deal (0.2550 COP US per 1 MRO US) valued at $22.5 billion ($30.33/share), including $5,379 million in net debt.
Most of the frenzy in the US oil industry has focused on the consolidation within the Permian Basin, a maturing region that offers opportunities to reduce costs and increase profitability.
The acquisition of Marathon will add highly complementary acreage to ConocoPhillips’ existing U.S. onshore portfolio. Spread as of 4 June is 2.6%/4.7% (gross/annualised, assuming settlement by late Q4).


ConocoPhillips/Marathon Oil and Shale Consolidation

United States

Matador Resources Company  is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources.   The Company's operations are primarily in the Eagle Ford Shale in south Texas and the Haynesville Shale and Cotton Valley in northwest Louisiana and east Texas.

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Matador Resources Co (MTDR US)

Matador Resources Company: Midstream Asset Optimization & Strategic Cost Reductions Driving Our Optimism! - Major Drivers

Matador Resources Company has continued to impress with its performance during the third quarter of 2024, with several strategic moves and...

Baptista Research

Matador Resources Company: Will The Acquisition of Ameredev Assets Be A Game Changer In The Delaware Basin? - Major Drivers

Matador Resources Company, in its Second Quarter 2024 Earnings Conference Call, demonstrated a robust operational performance, paired with...

Baptista Research

Matador Resources Company: Enhanced Production and Resource Optimization A Critical Growth Catalyst? - Major Drivers

Matador Resources Company has reported a promising start to the first quarter of 2024, with significant advancements in operational and financial...

Baptista Research

Matador Resources Corporation: Initiation Of Coverage - Extension of Midstream Infrastructure

Matador Resources Company had a strong performance over the past year, with increases in production, revenue, lease acreage, inventory and...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

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Market Cap (USDm)

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Matador Resources Company: Midstream Asset Optimization & Strategic Cost Reductions Driving Our Optimism! - Major Drivers

Matador Resources Company has continued to impress with its performance during the third quarter of 2024, with several strategic moves and...

Baptista Research

Matador Resources Company: Will The Acquisition of Ameredev Assets Be A Game Changer In The Delaware Basin? - Major Drivers

Matador Resources Company, in its Second Quarter 2024 Earnings Conference Call, demonstrated a robust operational performance, paired with...

Baptista Research

Matador Resources Company: Enhanced Production and Resource Optimization A Critical Growth Catalyst? - Major Drivers

Matador Resources Company has reported a promising start to the first quarter of 2024, with significant advancements in operational and financial...

Baptista Research

Matador Resources Corporation: Initiation Of Coverage - Extension of Midstream Infrastructure

Matador Resources Company had a strong performance over the past year, with increases in production, revenue, lease acreage, inventory and...

Baptista Research

ConocoPhillips/Marathon Oil and Shale Consolidation

​Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...

Jesus Rodriguez Aguilar

Conocophillips to acquire Marathon Oil in $22.5 billion all-stock deal, focusing on consolidation in Permian Basin for cost reduction and...