This article is authored by MOI Global instructor David Tawil, co-founder and president of Maglan Capital, an event-driven, corporate turnaround-focused fund. David is an instructor at Best Ideas 2018, the fully online conference featuring more than one hundred expert instructors from the MOI Global membership community.
Ever since Argentina elected its new President, Mauricio Macri, in 2015, the country has been on a fast-track to economic stability and fiscal prudence, making Argentina the best economic trajectory in Latin America. The Argentine stock market has reacted in-kind, and there is a lot more room to run.
Argentina currently produces only half of its oil and natural gas needs (consumption). To the contrary, Argentina has one of the world’s largest gas (2nd) and oil (4th) shale deposits (“Vaca Muerta”), which has already been the subject of years of comprehensive data-collection and testing and has started producing.
Madalena Energy (MVN CN; MDLNF) is the only independent, publicly-traded, Argentina-exclusive oil and gas exploration and production company. In May 2017, we hand-picked new management for the Company led by Jose Penafiel (CEO) and Alejandro Penafiel (board member).
The Company is primed for massive growth. We spent the past few years on heavy restructuring of the Company’s asset portfolio, balance sheet, operations and management. We are the Company’s largest shareholder.
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About The Author: David Tawil
David D. Tawil is Co-founder of Maglan Capital and serves as President. Maglan is an event-driven, corporate turnaround-focused fund, with a concentration on U.S.- and Argentina-centric, small-cap, activist positions. The fund has been operating for over 6 years and the principals have very deep experience in bankruptcy, turnaround and restructuring. Prior to founding Maglan Capital in 2011, David was an investment banker with Credit Suisse, where he served as Director of Leveraged Finance and co-managed the fixed-income alternative asset trading business, focusing on sourcing and trading illiquid high-yield and distressed debt. Before joining Credit Suisse, David was an attorney with Davis Polk & Wardwell, specializing in workouts and bankruptcies. He began his legal career as an associate at Skadden, Arps. David earned a BS degree in Business Management, graduating magna cum laude, from Yeshiva University, and he earned a JD degree from the University of Michigan Law School.
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