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The new Contango (MCF) management has now gone back to essentially what made the company a great growth story in the past while adding bargain purchases. Plus the new chairman of the board has invested considerable sums of his own money in this company to gain control (September 2020 for example). All of this is beginning to add up to a very traditional formula for success.
Source: Contango Oil & Gas June 2020, JP Morgan Energy Conference Slide Presentation.