Contango Oil & Gas Company News
Contango Wavers on Plan to Merge With KKR Energy Unit
Contango and KKR's Independence Energy plan to merge. The new company has an indicated market cap of $4.8 billion and enterprise value of $5.7 billion.
Concerns Over OPEC Oil Production Limitations Drove Down the Energy Sector
The price of West Texas Intermediate crude oil contracts for December delivery settled down about 2% at $48.70 per barrel on Friday.
Five Far-Reaching Activist Investor Trends to Watch in 2015
With the economy slowly recovering in 2014, activist investors had a field day.
Encana Pulls Off $7.1B Deal for Athlon in Move Into Permian Basin
In its quest to expand with a weight toward oil properties, Canada's Encana scoops up Permian Basin player Athlon Energy for $7.1 billion.
Contango Oil & Gas Stock Hits New 52-Week High (MCF)
Contango Oil & Gas Company (AMEX:MCF) hit a new 52-week high Thursday as it is currently trading at $67.36, above its previous 52-week high of $67.25 with 81,290 shares traded as of 1:14 p.m. ET. Average volume has been 135,500 shares over the past 30 days.
'Big Short' Burry Warns That a Repeat of the 2008 Crisis Is in Sight
The legendary financier reiterates his warnings of a market collapse on the way.
Oil Volatility Returns, Pushing Gasoline Prices Higher
The 14-week decline in gasoline prices ended while two million people in Florida are still without power.
New Electric Vehicle Beats Tesla When it Comes to the Environment
A new EV would radically change how cars are made and that could be a threat to the market leader.
McDonald's Menu Adds a (Very) New Take on an Old Favorite
The fast-food giant has been hesitant to make changes like this, but Wendy's bold move may have forced it to.