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Every investor in Contango Oil & Gas Company ( NYSEMKT:MCF ) should be aware of the most powerful shareholder groups...
Contango Provides Operations and Merger Update HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that the Company's Vermilion 170 well has resumed production ...
Contango Updates Operations HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) announced today that it has reached total depth on its South Timbalier 75 prospect (Fang) and no ...
The oil-storage trade, also referred to as contango, is a market strategy in which large, often vertically-integrated oil companies purchase oil for immediate delivery and storage—when the price of oil is low— and hold it in storage until the price of oil increases. [1]
The Oil Storage contango was introduced to the market in early 1990 by the Swedish-based oil storage company Scandinavian Tank Storage AB and its founder Lars Valentin Jacobsson by using huge military storage installations to bring down the "calculation" cost of storage to create a contango situation out of a "flat" market. [9]
Contango Oil & Gas and Crimson Exploration Enter Into Merger Agreement HOUSTON--(BUSINESS WIRE)-- Contango Oil & Gas Company (NYSE MKT: MCF) ("Contango") and Crimson Exploration Inc. (NasdaqGM: CXPO)