Madalena Energy Inc (CVE:MVN) had its target price dropped by stock analysts at TD Securities from C$0.35 to C$0.20 in a research report issued to clients and investors on Friday. The firm currently has a “speculative buy” rating on the oil and gas exploration company’s stock. TD Securities’ target price points to a potential upside of 185.71% from the company’s previous close.

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About Madalena Energy

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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