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Market Impact: 0.38
Petro Matad shares drop 19% as PetroChina blocks deliveries
Source: proactiveinvestors.com
Energy Markets & PricesCompany FundamentalsTrade Policy & Supply Chain
Petro Matad shares fell 19% to 0.98p after PetroChina instructed the Mongolian oil producer to halt crude deliveries. Petro Matad subsequently shut its Heron-1 and Gazelle-1 wells, interrupting production and creating a material near-term operational and revenue headwind.
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strongly negative
Sentiment Score
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MATD-0.90
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