Oaktree Capital Management Lp buys $12,773,608 stake in Contango Oil & Gas Company (MCF)

Contango Oil & Gas Company (MCF) : Oaktree Capital Management Lp scooped up 4,534 additional shares in Contango Oil & Gas Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,296,813 shares of Contango Oil & Gas Company which is valued at $12,773,608.Contango Oil & Gas Company makes up approximately 0.48% of Oaktree Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Norges Bank sold out all of its stake in MCF during the most recent quarter. The investment firm sold 253,619 shares of MCF which is valued $2,498,147.Matarin Capital Management boosted its stake in MCF in the latest quarter, The investment management firm added 9,820 additional shares and now holds a total of 137,747 shares of Contango Oil & Gas Company which is valued at $1,356,808. Contango Oil & Gas Company makes up approx 0.17% of Matarin Capital Management’s portfolio.

Contango Oil & Gas Company closed down -0.02 points or -0.19% at $10.36 with 1,31,177 shares getting traded on Monday. Post opening the session at $10.25, the shares hit an intraday low of $10.15 and an intraday high of $10.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Contango Oil & Gas Company (Contango) is an independent energy company. The Company is engaged in the acquisition exploration development exploitation and production of crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico (GOM) and in the onshore Texas Gulf Coast and Rocky Mountain regions of the United States. As of December 31 2014 the Company’s proved reserves were approximately 275.2 billion cubic feet equivalent (Bcfe) consisting of 179.7 billion cubic feet of natural gas (Bcf) of natural gas 8.4 million barrels of crude oil or other liquid hydrocarbons (MMBbl) of crude oil and condensate and 7.5 MMBbl of natural gas liquids (NGLs). The Company’s onshore properties consist of Southeast Texas (Woodbine) South Texas (Buda/Eagle Ford) South Texas (Elm Hill Project) Natrona County Wyoming (FRAMS Project) Weston County Wyoming (N. Cheyenne Project) and others including East Texas Colorado and Tuscaloosa Marine Shale (TMS).

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