Last C$0.26 CAD
Change Today +0.02 / 8.33%
Volume 1.4M
MVN On Other Exchanges
Symbol
Exchange
Venture
OTC US
Frankfurt
As of 3:59 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

madalena energy inc (MVN) Snapshot

Open
C$0.24
Previous Close
C$0.24
Day High
C$0.26
Day Low
C$0.24
52 Week High
01/14/14 - C$0.83
52 Week Low
12/12/14 - C$0.20
Market Cap
136.5M
Average Volume 10 Days
2.2M
EPS TTM
C$-0.02
Shares Outstanding
525.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MADALENA ENERGY INC (MVN)

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madalena energy inc (MVN) Details

Madalena Energy Inc. explores, develops, and produces crude oil, natural gas liquids, and natural gas. The company primarily operates in the Greater Paddle River area of west-central Alberta, Canada. It holds approximately 132,200 net acres on the Coiron Amargo, Curamhuele, and Cortadera blocks within the Neuquén basin in Argentina. The company was formerly known as Madalena Ventures Inc. and changed its name to Madalena Energy Inc. in August 2013. Madalena Energy Inc. is headquartered in Calgary, Canada.

10 Employees
Last Reported Date: 04/29/14

madalena energy inc (MVN) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$255.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$135.0K
Vice-President of Exploration
Total Annual Compensation: C$157.0K
Compensation as of Fiscal Year 2013.

madalena energy inc (MVN) Key Developments

Madalena Energy Inc. Announces Formation of Special Committee

Madalena Energy Inc. announced that the board of directors has met to review the matters raised in the letter received from Maglan Capital LP's on December 8, 2014, and to consider how best to address them. To that end, the board has appointed a special committee comprised of two recently appointed independent directors, Messrs. Steven Sharpe (Chair) and Douglas Brooks, as well as a third independent director, Mr. Keith Macdonald, which will, amongst other things, address matters of concern to its shareholders. The Special Committee will seek to maintain an on-going and constructive dialogue with Maglan, and will in the near term, make contact with the Corporation's other large shareholders.

Madalena Energy Inc. Announces the Depature of Brent Foster, VP Engineering Effective December 19, 2014

Madalena Energy Inc. announced the departure of Mr. Brent Foster, VP Engineering, effective, December 19, 2014.

Maglan Capital Asks To Conduct A Review Of Alternatives For Madalena Energy

Maglan Capital LP has asked through a letter to Madalena Energy Inc. (TSXV:MVN) to conduct a strategic review of alternatives for Madalena Energy. In the letter, Maglan Capital said, "It is our view that the key to value creation for shareholders is to prove up and derisk the shale assets, whether by self-funded capex and/or joint ventures/partnerships. Everything else is noise. Accordingly, the time has come for the board to review the management of the company and to bring in seasoned oil and gas executives to drive value for shareholders by developing the shale assets, growing production, monetizing non-core assets and reducing the share float. At the same time, the board should consider a sale of the company or other strategic transactions to maximize value for shareholders."

 

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MVN

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Valuation MVN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.0x
Price/Book 0.8x
Price/Cash Flow 9.8x
TEV/Sales 2.4x
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