Bullboard - Stock Discussion Forum Madalena Energy Inc. MDLNF

Energy Oil & Gas E&P

"Madalena Energy Inc a Canadian-based international upstream oil and gas company. The core business activities include exploration, development, and production of crude oil, natural gas liquids, and natural gas. The company holds several exploration blocks such as Santa Victoria Block, El Chivil Block, El Vinalar Block and others. It derives revenue from the sales of Crude oil and Natural gas... see more

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OTCQX:MDLNF - Post Discussion

Madalena Energy Inc. > Madalena - Insider Purchases

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Post by MaglanCapital on Dec 14, 2018 1:08pm

Madalena - Insider Purchases

Earlier today, SEDAR (Canada) securities filings were made evidencing stock purchases by Madalena Energy insiders.

Specifically, the filings report the first open-market purchases by

· CEO, Jose Peafiel; 375,000 shares; cost CAD 0.185-0.19; purchased between 12/10-12/13

· Board member, Alejandro Peafiel; 375,000 shares; cost CAD 0.185-0.19; purchased between 12/10-12/13

Eric Mark, board member, has also purchased stock recently after earnings were released

This is an important and significant statement by the company’s leadership regarding the trajectory of the company’s activity relative to the current market-value of the company.

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