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MCF - T. Rowe Price And Brad Juneau Link Up With Contango Oil & Gas
Contango Oil & Gas Company (TX)
Ever since Contango (MCF) merged with Crimson Exploration a few years back, the stock has dropped like a brick. The new management has been attempting to fix the damage done by the previous management.
Those repairs have now attracted the attention of funds managed by T. Rowe Price (TROW). Some will note the sale of stock by the chairman as a negative sign. However, the chairman has purchased far more stock than he has sold. Therefore, some profit-taking is to be expected. He still owns a big chunk of stock and is therefore