UPDATE: CHART FOR ANDES ENERGIA 5-10-2017
For those of you who are wondering what an additional listing would do to Madalena check out Andes Energia.
Andes Energia is a LatAm E&P company with primary operations in Argentina.
Andes produces ~3,000 boe/d; similar size to Madalena.
The main listing for the stock is in London (AEN LN) and they have had an additional listing in Argentina (AEN AR)
The stock is up almost 400% over the past 7 months and we believe that is largely driven by the Argentine listing. See the attached comparison chart for Andes Energia.
The market cap for Andes today is about USD 400mm versus USD 60mm for Madalena.
The two companies are not too dissimilar in asset size but the market cap differential is stark.
Beginning in October, a big component of the daily volume has come from Argentina. All of trading activity starts when the Argentina markets open, which is in the afternoon London time (1:30 London time). Sometimes there are “buy” orders that build in Argentina once London closes and the next morning in London is very active at the open.
Additionally, in March, Andes executed a debt deal with an energy investor (Mercuria) to support working capital and growth CapEx. Along with the deal, a new CEO was installed by the investor. The stock has really taken off since then.
Afuera no pueden parar de hablar del potencial de Vaca Muerta..y aca todavia siguen respondiendole a Einlazer84
Mas info:
https://thewire.in/133766/comes-frackin ... reams-big/
http://www.reuters.com/article/us-shell ... SKBN17K2O2
http://mobile.reuters.com/article/idUSKBN17S2Q5
https://www.wsj.com/articles/big-oil-ge ... 1493890202
https://www.spe.org/en/jpt/jpt-article-detail/?art=2935
http://www.ogj.com/articles/2017/05/woo ... -2018.html
https://www.platts.com/latest-news/natu ... a-21578341
http://www.epmag.com/argentina-pushes-n ... ly-1491106