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Matador's Hidden Hedge Bomb: What $70 WTI Reveals About the Delaware Basin's Most Leveraged Balance Sheet (MTDR)

Matador entered Q1 2026 with $306 million in derivative losses, $30.5 million in cash, and a lender waiver it needed to issue $500 million in new notes. WTI was in the mid-80s. Today it is $69.73.

The $70 Break: China's Import Collapse Ends the Floor Debate

WTI broke $70 for the first time since Hormuz escalation began — driven by Chinese import data showing demand at 2018 lows. The EIA draw was massive. The market doesn't care.

The Contract Clock Is Running: H&P, PTEN, and Nabors Face a $70 WTI Day-Rate Reset

WTI Breaks $72 as China's Teapot Refineries Signal Demand Collapse: Wednesday's Capital Markets Setup

WTI crude fell through $72 this morning for the first time in the current downcycle, settling at $71.99/bbl as China's refinery demand erosion collided with a market already pricing in Hormuz normalization. Henry Hub held firm at $3.215/MMBtu — up 0.97% — extending the oil-

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