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home / news releases / contango oil gas entering into a combination with in

MCF - Contango Oil & Gas: Entering Into A Combination With Independence Energy

Contango Oil & Gas Company (TX)
  • Contango is combining with KKR portfolio company Independence Energy.
  • Contango shareholders are receiving 24% of the combined company.
  • The combined company may be able to generate $850 million in unhedged EBITDA at current 2022 strip prices.
  • This could increase to nearly $1 billion at $70 WTI oil.
  • Contango appears fairly priced for a long-term mid-$60s WTI oil environment and its 24% share of the combined company.

For further details see:

Contango Oil & Gas: Entering Into A Combination With Independence Energy
Stock Information
Company Name: Contango Oil & Gas Company (TX)
Stock Symbol: MCF
Market: NYSE
Website: contango.com
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