Madalena Energy Inc.

Madalena Energy Inc. is an independent, Canada-based, international and domestic upstream oil and gas company whose main business activities include development, exploration and production from conventional and unconventional resources (large-in-place shale and tight sands). The company's strategy is to create value and provide superior returns to its shareholders through the generation of a balanced portfolio of high quality oil and gas assets in proven hydrocarbon areas characterized by competitive fiscal terms and significant development potential.

Expert Comments:

Etienne Moshevich, (1/14/15)
"Even with oil prices at historic lows, some companies are undervalued in my opinion. Madalena Energy Inc. is definitely one of them! With the company's prime focus being Argentina where oil prices are continuing to stay well ahead of world oil prices at US$77/bbl versus Brent oil prices below US$50/bbl, Madalena is well positioned to weather the storm and come out the other side with strength."

Geoff Ready, Dundee Capital Markets (1/8/15)
"With Argentina regulators setting January 2015 oil prices at US$77/bbl (Medanito crude), Madalena Energy Inc. continues to receive a much higher price for its production relative to the rest of our coverage universe. Pricing for December in Argentina was US$83.90/bbl versus WTI, which averaged US$58.83/Bbl. . .we reiterate our Buy recommendation."

Etienne Moshevich, (12/30/14)
"Madalena Energy Inc. is poised to have a rocking year in 2015 with a $48M capital budget financed through existing cash flow and working capital. . .the firm is one of the only small-cap oil companies able to withstand the sudden drop in oil prices as its main projects lie in Argentina where the average price of oil is pegged at US$77–80/bbl as opposed to the US$54/bbl everywhere else. . .the company's shares are trading at a very attractive level, and it is fully funded to drill a number of big players in 2015."

Darrell Bishop, Haywood Securities (12/16/14)
"Madalena Energy Inc. expects to fund its 2015 capital program from cash flow and existing working capital. Madalena maintains a strong financial position, with positive working capital of ~$18M and no debt at September 30, 2014. The company highlighted high realized crude prices in Argentina despite the selloff in global crude oil prices as supporting strong cash flows through 2015."

Geoff Ready, Dundee Capital Markets (12/16/14)
"Madalena Energy Inc. announced a 2015 capital budget of $48.2M (we had estimated $50M) with most of the spending to be focused in Argentina across the Vaca Muerta, Sierras Blancas, Lower Agrio, Mulichinco and Loma Montosa plays. The program will utilize cash on hand, cash flow and existing bank facilities; as of Q3/14, the company had positive working capital of $18M and an unutilized $13M in credit facilities. . .we reiterate our Buy recommendation."

Michael Charlton, Industrial Alliance Securities (12/15/14)
"Madalena Energy Inc.'s 2015 capital program of $48.2M will focus on the company's strategic unconventional resource plays in Argentina with additional capital for the company’s conventional development and optimization. . .regulated prices in Argentina provide stability. . .the company expects its 2015 program to be fully funded from cash flow and existing positive working capital."

More Comments

Experts Commenting on This Company

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
Prime Acreage Positions Across World Class Unconventional Resources in the Vaca Muerta Shale and Agrio Shale with ~35 Billion Barrels of oil equivalent of net In-Place Petroleum
Applying Horizontal technology Internationally across multiple Large-in Place Resource Plays
Premium Argentina E&P Player with an Experienced Full Cycle Team and a balanced portfolio of assets including large acreage positions (and production operations) across both prolific conventional and unconventional plays
catalyst Calendar
Focused on large-in-place international plays, Madalena is drilling four strategic, company making p
Building on its 2014 success, Madalena is also horizontal developing Sierras Blancas light oil with
Madalena Energy Inc. Content