MCF News and Press, Contango Oil & Gas Company (TX) From 05/11/21

FORT WORTH, Texas, May 11, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that it plans to issue its first quarter 2021 earnings release before market open on Thursday, May 13, 2021. In c...

FORT WORTH, Texas, May 04, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing ba...

Gainers: Resolute Forest Products (RFP) +6%.Losers: U.S. Silica Holdings (SLCA) -21%, SM Energy (SM) -10%, China Green Agriculture (CGA) -9%, Contango Oil & Gas (MCF) -8%, Braskem (BAK) -8%. For further details see: Resolute Forest Products only energy ...

FORT WORTH, Texas, April 29, 2021 (GLOBE NEWSWIRE) -- Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) today announced the appointment of Karen Simon and Janet Pasque to its Board of Directors (the “Board”) effective...

SandRidge buys another royalty at a low price. Go forward strategy still not clearly communicated. Limited market response despite accretion. Q1 could be better than peers due to no hedges and higher commodity prices. For further details see: SandRidge Does It Again:...

This company grows through bargain acquisitions. Stock sales have been frequent. The use of equity has kept financial leverage very low. Most of the projects have low decline rates. Production maintenance capital needs are low. The cost reduction campaign is doing very wel...

Gainers: Target Hospitality (TH) +17%, Energy Fuels (UUUU) +12%, Peabody Energy (BTU) +11%, Hallador Energy (HNRG) +10%, NexGen Energy (NXE) +9%.Losers: Flexible Solutions International (FSI) -10%, Amyris (AMRS) -10%, Earthstone Energy (ESTE) -9%,&...

Crude oil prices are lower after OPEC+ last week agreed to steadily curb output cuts between May and July of this year.Investors are trying to factor in a number of variables, including the pace of increased output."The rise in oil production is expected to be only gradual this year because m...

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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 ...