Author Topic: MCF - Contango Oil & Gas  (Read 17451 times)

Phaceliacapital

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jay21

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Re: MCF - Contango Oil & Gas
« Reply #41 on: January 05, 2014, 08:35:01 AM »
I'm just starting to learn about different nat gas and resource plays and this one stood out.  Thanks for some of the links.  And thanks for the writeups ItsAValueTrap.

I'm going through some of their presentations that I could find and they are great.  Especially liked this disclaimer at the beginning:

Lawyer Stuff

The future is unknowable. We have good intentions but all of our projections and estimates will be wrong, and could be materially wrong. Wildcat exploration is expensive, speculative and potentially dangerous. An offshore spill or explosion would be enormously expensive. We have insurance but it may not be enough. You could lose your entire investment. Don’t be lazy – read our 10-Q’s, 10-K’s and press releases, and if you lose money - please no tears.

“Don’t forget about risk-free and return free T-bills in your portfolio…After inflation and taxes you’ll likely only lose 5-10% of your investment.”


Anyone have any good resources/advice to share for someone just getting up to speed?
@jay_21_

ItsAValueTrap

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Re: MCF - Contango Oil & Gas
« Reply #42 on: January 05, 2014, 01:13:01 PM »
I'm surprised you found the old presentations.  They took them down on the contango.com website.  :(  No respect for the dead.

*No position in MCF, long XOM calls, short a bunch of independent E&Ps, shorting CHK through put options.
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Pondside47

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Re: MCF - Contango Oil & Gas
« Reply #43 on: August 16, 2018, 08:24:25 PM »
Not sure if anyone is still following this. Allan Keel is out and John Goff, who used to work with Richard Rainwater, is controlling the company now with a nearly 20% stake. They just announced a 50% cut to CEO salary. Cale Smith mentioned Cantango in one of his presentations.

https://www.youtube.com/watch?v=GXIJUjToFLg&t=1764s    starting at 37:22


nkp007

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Re: MCF - Contango Oil & Gas
« Reply #44 on: August 16, 2018, 09:27:56 PM »
Think they'll try and sell it ASAP?

Pondside47

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Re: MCF - Contango Oil & Gas
« Reply #45 on: August 17, 2018, 06:14:50 AM »

nkp007

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Re: MCF - Contango Oil & Gas
« Reply #46 on: August 17, 2018, 10:33:51 AM »
I mean will they try to sell the business to another E&P player?

Williams406

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Re: MCF - Contango Oil & Gas
« Reply #47 on: August 17, 2018, 12:28:05 PM »
Owned MCF a long time ago and sold at various points before and during the Crimson merger--was never comfortable with that new management team and changes from Peak's Contango. Knowing nothing about the new shareholder's MO, I could easily see some asset sales to monetize certain assets here. If the company wants to be a Permian player, sell off everything else. Or vice versa.