TD Securities Cuts Madalena Energy Inc (MVN) Price Target to C$0.20
Madalena Energy Inc (CVE:MVN) had its price objective decreased by TD Securities from C$0.35 to C$0.20 in a research report released on Friday. TD Securities currently has a speculative buy rating on the oil and gas exploration company’s stock.
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Madalena Energy Company Profile
Madalena Energy Inc is a Canada-based upstream oil and gas company. The Company is engaged primarily in the exploration and development of oil and gas. The Company’s segments include Canada and Argentina. Its operations are located in Western Canada in the Greater Paddle River area of west-central Alberta, where the Company holds approximately 170 gross sections of land encompassing light oil and liquids-rich gas plays.
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