MCF News and Press, Contango Oil & Gas Company (TX) From 06/10/21

The management team at Contango Oil & Gas struck a deal to be merged with KKR's Independence Energy. This move appears to be value-accretive in nature and will reward shareholders in the long run. The company deserves a premium relative to the competition out there based on th...

Gainers: Clean Energy Fuels (CLNE) +28%, ReTo Eco-Solutions (RETO) +13%, Martin Midstream Partners (MMLP) +12%, Cleveland-Cliffs (CLF) +10%.Losers: NextDecade (NEXT) -22%, Nexa Resources (NEXA) -11%, New Fortress Energy (NFE) -11%, Contango Oil & Ga...

KKR will list oil and gas firm Independence Energy by merging it with publicly traded Contango Oil & Gas. Contango will only appoint two of nine board members, and KKR will also own a special class of non-voting stock that gives them consent rights over things like debt issuance. ...

The main business here is acquiring properties from unnatural sellers on good terms. The cost cutting and operational optimization are underway. The remaining unconventional business is likely to be sold at some point. Investors like the officers of Contango are an indication ...

Contango is combining with KKR portfolio company Independence Energy. Contango shareholders are receiving 24% of the combined company. The combined company may be able to generate $850 million in unhedged EBITDA at current 2022 strip prices. This could increase to nearly $1 bi...

Contango Oil & Gas Company (TX) (NYSE American:MCF) traded at a new 52-week high today of $6.94. This new high was reached on above average trading volume as 3.9 million shares traded hands, while the average 30-day volume is approximately 1.1 million shares. In the past 52 weeks, Co...

Contango Oil & Gas Co ( NYSEAMERICAN: MCF ) said on Tuesday it will merge with KKR & Co’s Independence Energy LLC. The all-stock deal will establish a new $5.7 billion or £4.03 billion (enterprise value) oil and gas firm. Independence shareholders will own 76...

Clover Health Investments (CLOV) +37%.Aytu Biopharma (AYTU) +20%.NextDecade Corporation NEXT +20% after Morgan Stanley upgrades on Rio Grande LNG outlook.Cyclerion Therapeutics (CYCN) +16%.The Wendy's (WEN) +16%.Stitch Fix SFIX +14% on Q3 results.PDS Biotechnology PDS...

Contango Oil & Gas (MCF) +5% pre-market after agreeing to merge with [[KKR]]'s Independence Energy in an all-stock deal in which the combined company will have an enterprise value of ~$5.7B.Upon completion of the deal, Independence shareholders will own 76% and Contango sharehol...

Combined Company to Deliver Attractive Risk-Adjusted Returns through Cash Flow Oriented Business Model Projected to be Substantially Accretive to Contango’s Cash Flow Per Share by ~15% in 2021E and ~50% in 2022E 1 Meaningful Immediate G&A Synergies wit...