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Last year the Contango Oil & Gas (MCF) made two significant purchases that changed the company's strategy. This year, management will be "thinking outside the box" to generate some free cash flow as well as better than expected earnings.
"Really the only asset class in the oil and gas industry, which isn't decreased in value in the last month, is latent storage capacity which we have in spades."
Source: Contango Oil & Gas Fourth Quarter Conference Call March 2020.