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DeeezNuuuts

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DeeezNuuuts

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Friday, 12/19/2014 1:08:01 PM

Friday, December 19, 2014 1:08:01 PM

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"Madalena Energy Inc. expects to fund its 2015 capital program from cash flow and existing working capital. Madalena maintains a strong financial position, with positive working capital of ~$18M and no debt at September 30, 2014. The company highlighted high realized crude prices in Argentina despite the selloff in global crude oil prices as supporting strong cash flows through 2015." (12/16/14) - Darrell Bishop, Haywood Securities
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