MCF - Contango Oil & Gas Continues Its Shopping Spree

• The main business here is acquiring properties from unnatural sellers on good terms.
• The cost cutting and operational optimization are underway.
• The remaining unconventional business is likely to be sold at some point.
• Investors like the officers of Contango are an indication that the industry is in a buyers market mode.
• Do not expect management to sell until there is a clear sellers market no matter how long that takes.

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