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home / news releases / MCF - Contango Oil & Gas: Shares Look Expensive Despite Ability To Make Operational Improvements

MCF - Contango Oil & Gas: Shares Look Expensive Despite Ability To Make Operational Improvements

Contango Oil & Gas Company (TX)
  • At over $4 per share, Contango is valued at more than its proved reserve PV-10 at current strip prices.
  • It is also trading for around 7.0x unhedged EBITDAX at $60 WTI oil.
  • Contango has demonstrated an ability to reduce costs at its recently acquired properties.
  • It also may be debt-free by mid-2022 if it doesn't spend cash on additional acquisitions.
  • $3 per share would be closer to its proved PV-10 at current strip prices.

For further details see:

Contango Oil & Gas: Shares Look Expensive Despite Ability To Make Operational Improvements
Stock Information
Company Name: Contango Oil & Gas Company (TX)
Stock Symbol: MCF
Market: NYSE
Website: contango.com
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