Key Developments: Contango Oil & Gas Co (MCF.A)

MCF.A on American Stock Exchange

9.70USD
28 Jul 2015
Change (% chg)

$0.28 (+2.97%)
Prev Close
$9.42
Open
$9.41
Day's High
$9.72
Day's Low
$9.09
Volume
29,227
Avg. Vol
49,468
52-wk High
$41.73
52-wk Low
$9.09

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Latest Key Developments (Source: Significant Developments)

Contango Oil & Gas Co gives Q4 2014 production guidance
Monday, 10 Nov 2014 07:30pm EST 

Contango Oil & Gas Co:Says that for the fourth quarter 2014 it expects production of 105,000 to 115,000 Mcfe per day.  Full Article

Contango Oil & Gas Co announces plan to repurchase shares under existing share repurchase program
Wednesday, 5 Nov 2014 02:08pm EST 

Contango Oil & Gas Co:Decides to resume the repurchase of its common shares under the Company's 2011 Share Repurchase Program.Board's decision to resume the repurchase of shares is based on its belief that the current market price reflects a significant discount to the estimated inherent value of the Company's stock and represents an excellent investment opportunity for its shareholders.Repurchased shares of common stock will become authorized but unissued shares, and may be reissued in the future for general corporate and other purposes.Program was approved and originally implemented in Sept. 2011, with a total of $50.0 mln authorized for the repurchase of shares.As of the date of this release, $39.2 mln remains available for share repurchases under the Program.  Full Article

Contango Oil & Gas Co gives Q1 2014 production guidance
Monday, 3 Mar 2014 09:35pm EST 

Contango Oil & Gas Co:Sees Q1 2014 production of between 110,000 -- 118,000 Mcfe per day.  Full Article

Contango Oil & Gas Co Issues Q2 2014 Production Guidance
Monday, 11 Nov 2013 10:04pm EST 

Contango Oil & Gas Co announced that for the second quarter of 2014, it expects average daily production volumes of 110,000-115,000 Mcfe per day.  Full Article

Contango Oil & Gas Co And Crimson Announce Closing Of Merger
Wednesday, 2 Oct 2013 09:01am EDT 

Contango Oil & Gas Company and Crimson Exploration Inc. jointly announced that they have formally closed their previously announced merger. The combined company will be a well-positioned Houston-based independent oil and gas company with a balanced offshore Gulf of Mexico and onshore Texas production profile. Both Contango and Crimson stockholders voted to approve the transaction at a special meeting of their respective stockholders. In accordance with the terms of the merger agreement, Crimson has become a wholly-owned direct subsidiary of Contango, and Contango will issue approximately 3.9 million shares of its common stock in exchange for all of Crimson's outstanding capital stock. Contango will continue to trade on the NYSE MKT under the ticker symbol MCF. Effective October 2, 2013, trading in Crimson common stock has been discontinued.  Full Article

UPDATE 1-Volatility draws billions into oil funds

* USO says 80-90 pct of shares held by ETF hedge funds (Adds link to graphic on oil funds' assets)

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