Contango Oil & Gas Avoids A Costly Reorganization [Seeking Alpha]
Contango Oil & Gas Company (TX) (MCF)
NASDAQ:AMEX Investor Relations:
contango.com
Company Research
Source: Seeking Alpha
Contango Oil & Gas Avoids A Costly Reorganization Summary The public offering of common stock provided the cushion needed to refinance the debt. Next goal is to revive the cash flow. Just the news of the debt refinancing alone brought a stock price jump. The focus will now be on the drilling results and acquisition prospects. The major shareholder backing makes this an interesting prospect. Contango Oil & Gas ( MCF a public offering transaction enabled This is really the first time there has been significant positive news to staunch a long, slow decline from a Wall Street growth story that was conservatively managed to a financial straightjacket that no observer a few years back thought was possible. Previous management managed to decimate the stock price as shown below. Source: Website September 14, 2019 Despite some of the worst management in the history of the industry, the board of directors stuck by the previous management for several years. The result was a decimation of a stoc
Show less
Read more
Impact Snapshot
Event Time:
MCF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MCF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MCF alerts
High impacting Contango Oil & Gas Company (TX) news events
Weekly update
A roundup of the hottest topics