NYSE:MTDR is a US-based independent energy company. Recent interest from institutional investors signals growing confidence in its future. 📈 Growth Factors:
Anticipated completion of the Pronto/San Mateo connection in 2024. Expected resolution of previous midstream constraints, driving further growth. Solid revenue growth of approximately 18.09% as of December 31, 2023, outpacing sector peers. 📉 Trade Plan:
Entry: Above the $58.00-$60.00 range to capture bullish momentum. Upside Target: Aim for $95.00-$97.00, reflecting growth potential and positive sentiment. Risk Management: Set stop-loss orders to mitigate downside risk. 🔄 Strategy:
Monitor institutional investor activity and industry developments for insights. Stay updated on company announcements and progress on key projects. Adjust trade plan based on market conditions and emerging trends. 📈 Note: Exercise caution and conduct thorough research before executing trades. #MTDR #EnergySector #Bullish 🛢️📈