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home / news releases / MCF - Contango Oil & Gas: Weak Liquidity Poses Serious Risks Despite Modest Leverage


MCF - Contango Oil & Gas: Weak Liquidity Poses Serious Risks Despite Modest Leverage

Introduction

The pain felt throughout the shale oil and gas industry has been particularly testing throughout the last few years, wearing down many once very promising companies. One such company is Contango Oil and Gas (MCF) that has seen its share price plunge from roughly $60 to now only $3. Whilst they have taken actions to materially reduce their debt and leverage, they still face serious financial risks in the future.

Cash Flows & Debt

Thankfully, the graphs largely speak for themselves, with the first two graphs included below summarizing their cash flows

Read more ...

Stock Information

Company Name: Contango Oil & Gas Company (TX)
Stock Symbol: MCF
Market: NYSE
Website: contango.com

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