It has been a long very dismal story since the former president of Contango Oil & Gas (MCF) passed away. Kenneth Peak built an oil company with a great reputation for growth. The current management has unsuccessfully struggled to fill his shoes. The result has been a steady decline in a stock price until more than 95% of the value of the company from its highs was lost. The company still has decent financial strength despite management inaction. So a recovery is possible if management becomes motivated to get moving.
Source: Seeking Alpha Website December 1, 2017
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